Arizona State Retirement System Sells 375 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Arizona State Retirement System reduced its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,393 shares of the company’s stock after selling 375 shares during the quarter. Arizona State Retirement System’s holdings in Academy Sports and Outdoors were worth $1,173,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. FMR LLC lifted its position in shares of Academy Sports and Outdoors by 15.3% during the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after acquiring an additional 1,422,971 shares during the period. Pacer Advisors Inc. lifted its position in shares of Academy Sports and Outdoors by 8.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company’s stock valued at $152,413,000 after acquiring an additional 197,384 shares during the period. Geode Capital Management LLC lifted its position in shares of Academy Sports and Outdoors by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock valued at $118,092,000 after acquiring an additional 50,715 shares during the period. Stephens Investment Management Group LLC lifted its position in shares of Academy Sports and Outdoors by 331.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company’s stock valued at $55,210,000 after acquiring an additional 737,212 shares during the period. Finally, Royce & Associates LP lifted its position in shares of Academy Sports and Outdoors by 62.5% during the 3rd quarter. Royce & Associates LP now owns 951,256 shares of the company’s stock valued at $55,515,000 after acquiring an additional 365,929 shares during the period.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ASO shares. Truist Financial boosted their target price on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Telsey Advisory Group lowered their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Citigroup began coverage on shares of Academy Sports and Outdoors in a report on Wednesday, December 18th. They set a “buy” rating and a $65.00 price objective on the stock. Wedbush restated an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Finally, Robert W. Baird lowered their price objective on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Academy Sports and Outdoors presently has an average rating of “Hold” and an average price target of $61.67.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $43.82 on Friday. The firm has a 50-day moving average of $52.41 and a 200-day moving average of $53.52. The company has a market cap of $3.04 billion, a P/E ratio of 7.20, a P/E/G ratio of 1.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. Academy Sports and Outdoors, Inc. has a one year low of $43.16 and a one year high of $74.26.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.30). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. Academy Sports and Outdoors’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS. Equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.52 annualized dividend and a yield of 1.19%. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s dividend payout ratio is presently 7.22%.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.