New York State Common Retirement Fund Has $8.05 Million Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

New York State Common Retirement Fund grew its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 12.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 176,475 shares of the company's stock after buying an additional 19,602 shares during the quarter. New York State Common Retirement Fund owned 0.27% of Academy Sports and Outdoors worth $8,049,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth about $47,436,000. Hood River Capital Management LLC acquired a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth about $42,320,000. American Century Companies Inc. increased 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 valued at $72,068,000 after acquiring an additional 545,778 shares in the last quarter. Dimensional Fund Advisors LP increased 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 valued at $212,807,000 after acquiring an additional 404,863 shares in the last quarter. Finally, LSV Asset Management raised its stake in shares of Academy Sports and Outdoors by 14.2% in the fourth quarter. LSV Asset Management now owns 1,940,041 shares of the company's stock worth $111,611,000 after acquiring an additional 241,100 shares during the last quarter.

Insider Activity

In related news, Director Christopher Lee Turner sold 4,400 shares of the company's stock in a transaction that occurred 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 sale, the director directly owned 7,084 shares in the company, valued at $315,096.32. This represents a 38.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.62% of the stock is owned by corporate insiders.

Academy Sports and Outdoors Price Performance

NASDAQ ASO opened at $54.12 on Friday. The company has a market capitalization of $3.60 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 1.01 and a beta of 1.29. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month high of $64.62. The firm's 50 day moving average is $45.60 and its 200-day moving average is $46.63. 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). 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 during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm posted $1.08 EPS. The company's revenue was down .9% compared to the same quarter last year. Equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio is currently 9.56%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Loop Capital dropped their target price on shares of Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. 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 research note on Wednesday, May 14th. Morgan Stanley reduced their target price 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 note on Wednesday, June 11th. UBS Group reduced their target price on shares of Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 4th. Finally, Truist Financial raised their target price on shares of Academy Sports and Outdoors from $45.00 to $47.00 and gave the company a "hold" rating in a research note on Wednesday, June 11th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Academy Sports and Outdoors presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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