Teacher Retirement System of Texas Sells 13,527 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Teacher Retirement System of Texas lessened its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 38.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,260 shares of the company's stock after selling 13,527 shares during the quarter. Teacher Retirement System of Texas' holdings in Academy Sports and Outdoors were worth $970,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ASO. Victory Capital Management Inc. lifted its position in shares of Academy Sports and Outdoors by 46.1% in the fourth quarter. Victory Capital Management Inc. now owns 75,968 shares of the company's stock worth $4,370,000 after purchasing an additional 23,980 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Academy Sports and Outdoors in the fourth quarter worth $2,342,000. AlphaQuest LLC lifted its position in shares of Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company's stock worth $40,000 after purchasing an additional 496 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Academy Sports and Outdoors by 16.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,841 shares of the company's stock worth $1,199,000 after purchasing an additional 2,868 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Academy Sports and Outdoors by 25.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,887 shares of the company's stock worth $626,000 after purchasing an additional 2,236 shares in the last quarter.

Insiders Place Their Bets

In related news, Director Christopher Lee Turner sold 4,400 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $44.48, for a total transaction of $195,712.00. Following the completion of the sale, the director owned 7,084 shares of the company's stock, valued at $315,096.32. This represents a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.62% of the stock is owned by corporate insiders.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock traded up $2.24 during trading on Thursday, reaching $54.26. The company's stock had a trading volume of 1,610,796 shares, compared to its average volume of 1,606,815. The business's 50-day moving average price is $45.31 and its 200-day moving average price is $46.73. The firm has a market cap of $3.61 billion, a PE ratio of 9.97, a P/E/G ratio of 0.97 and a beta of 1.29. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $64.62. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. The company's revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 EPS. Equities analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, June 19th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 0.96%. Academy Sports and Outdoors's dividend payout ratio is 9.56%.

Analysts Set New Price Targets

ASO has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on shares of Academy Sports and Outdoors from $38.00 to $43.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Telsey Advisory Group restated an "outperform" rating and set a $58.00 target price (down from $60.00) on shares of Academy Sports and Outdoors in a report on Tuesday, June 10th. Robert W. Baird lowered their target price 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 Friday, March 21st. B. Riley lowered their target price on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Finally, Wedbush lowered their target price 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 Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $56.31.

About Academy Sports and Outdoors

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.