Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 12.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 176,475 shares of the company's stock after acquiring an additional 19,602 shares during the period. New York State Common Retirement Fund owned approximately 0.27% of Academy Sports and Outdoors worth $8,049,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ASO. Norges Bank purchased a new stake in Academy Sports and Outdoors in the 4th quarter worth approximately $47,436,000. Hood River Capital Management LLC purchased a new stake in Academy Sports and Outdoors in the 4th quarter worth approximately $42,320,000. American Century Companies Inc. boosted its position in Academy Sports and Outdoors by 77.2% in the 4th quarter. American Century Companies Inc. now owns 1,252,699 shares of the company's stock worth $72,068,000 after purchasing an additional 545,778 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Academy Sports and Outdoors by 12.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,699,015 shares of the company's stock worth $212,807,000 after purchasing an additional 404,863 shares in the last quarter. Finally, LSV Asset Management boosted its position in Academy Sports and Outdoors by 14.2% in the 4th quarter. LSV Asset Management now owns 1,940,041 shares of the company's stock worth $111,611,000 after purchasing an additional 241,100 shares in the last quarter.

Academy Sports and Outdoors Price Performance

NASDAQ ASO traded up $0.76 during mid-day trading on Wednesday, hitting $56.87. The stock had a trading volume of 1,083,696 shares, compared to its average volume of 1,609,872. The firm's 50 day moving average is $46.17 and its 200 day moving average is $46.68. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.62. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.52 and a quick ratio of 0.29. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 1.05 and a beta of 1.29.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 EPS 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 firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company posted $1.08 earnings per share. The firm's revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts forecast 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 business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 9.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ASO shares. Wells Fargo & Company upped their price objective on Academy Sports and Outdoors from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Evercore ISI lowered their price objective on Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Citigroup lowered their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, June 4th. Truist Financial upped their target price on Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a "hold" rating in a research note on Wednesday, June 11th. Finally, Loop Capital set a $65.00 target price on Academy Sports and Outdoors in a research note on Monday. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Academy Sports and Outdoors has a consensus rating of "Moderate Buy" and an average target price of $56.63.

Insider Activity

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $44.48, for a total value of $195,712.00. Following the completion of the sale, the director directly owned 7,084 shares of the company's stock, valued at $315,096.32. This trade represents a 38.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.62% of the stock is owned by company insiders.

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.