Teacher Retirement System of Texas trimmed its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 38.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Xponance Inc. increased its stake in Academy Sports and Outdoors by 5.7% during the 4th quarter. Xponance Inc. now owns 4,916 shares of the company's stock worth $283,000 after buying an additional 266 shares during the period. SummerHaven Investment Management LLC increased its stake in Academy Sports and Outdoors by 1.9% during the 1st quarter. SummerHaven Investment Management LLC now owns 14,874 shares of the company's stock worth $678,000 after buying an additional 275 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Academy Sports and Outdoors by 4.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company's stock worth $299,000 after buying an additional 283 shares during the period. Moody National Bank Trust Division increased its stake in Academy Sports and Outdoors by 1.7% during the 1st quarter. Moody National Bank Trust Division now owns 17,636 shares of the company's stock worth $804,000 after buying an additional 287 shares during the period. Finally, Rafferty Asset Management LLC increased its stake in Academy Sports and Outdoors by 4.8% during the 4th quarter. Rafferty Asset Management LLC now owns 7,613 shares of the company's stock worth $438,000 after buying an additional 346 shares during the period.
Academy Sports and Outdoors Stock Performance
Shares of ASO opened at $50.66 on Monday. The company has a 50-day simple moving average of $44.23 and a 200-day simple moving average of $46.75. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $3.37 billion, a PE ratio of 9.31, a P/E/G ratio of 0.94 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.
Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.13). Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter last year, the business posted $1.08 earnings per share. The business's revenue was down .9% compared to the same quarter last year. Equities research analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.
Academy Sports and Outdoors Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.03%. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 9.56%.
Insider Activity at Academy Sports and Outdoors
In other news, Director Christopher Lee Turner sold 4,400 shares of Academy Sports and Outdoors 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 directly owned 7,084 shares in the company, valued at $315,096.32. The trade was a 38.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.62% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of brokerages have commented on ASO. Truist Financial increased their price objective on shares of Academy Sports and Outdoors from $45.00 to $47.00 and gave the company a "hold" rating in a research report on Wednesday, June 11th. Morgan Stanley dropped their price objective on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 11th. B. Riley dropped their price objective on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Loop Capital dropped their price objective on shares of Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Academy Sports and Outdoors currently has an average rating of "Moderate Buy" and an average price target of $56.31.
Check Out Our Latest Analysis on ASO
Academy Sports and Outdoors Profile
(
Free Report)
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.
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