Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,010 shares of the company’s stock after selling 407 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Academy Sports and Outdoors were worth $864,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC bought a new position in Academy Sports and Outdoors during the third quarter valued at about $40,000. AlphaQuest LLC grew its position in shares of Academy Sports and Outdoors by 240.8% during the 4th quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after acquiring an additional 496 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Academy Sports and Outdoors by 1,307.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after acquiring an additional 915 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Academy Sports and Outdoors by 242.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after purchasing an additional 843 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Academy Sports and Outdoors by 14.8% in the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock worth $151,000 after purchasing an additional 334 shares during the period.

Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock opened at $48.98 on Thursday. The business has a 50-day simple moving average of $50.86 and a 200 day simple moving average of $53.06. Academy Sports and Outdoors, Inc. has a 52 week low of $43.16 and a 52 week high of $68.96. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 1.02 and a beta of 1.25. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the business earned $2.21 earnings per share. Academy Sports and Outdoors’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Tuesday, March 25th. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s dividend payout ratio is currently 9.01%.

Analysts Set New Price Targets

A number of research firms have issued reports on ASO. Truist Financial raised their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Robert W. Baird decreased their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Citigroup lowered their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. B. Riley cut their target price on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, Oppenheimer lowered their price target on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.13.

Academy Sports and Outdoors 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.