Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund reduced its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,525 shares of the company’s stock after selling 429 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Academy Sports and Outdoors were worth $951,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Simmons Bank increased its stake in shares of Academy Sports and Outdoors by 1.9% in the 3rd quarter. Simmons Bank now owns 10,860 shares of the company’s stock worth $634,000 after acquiring an additional 200 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 6.2% in the 3rd quarter. HighTower Advisors LLC now owns 5,553 shares of the company’s stock worth $324,000 after acquiring an additional 323 shares during the last quarter. Blue Trust Inc. increased its stake 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 acquiring an additional 334 shares during the last quarter. Plan Group Financial LLC increased its stake in shares of Academy Sports and Outdoors by 6.2% in the 4th quarter. Plan Group Financial LLC now owns 6,078 shares of the company’s stock worth $350,000 after acquiring an additional 355 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Academy Sports and Outdoors by 3.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 9,608 shares of the company’s stock worth $553,000 after acquiring an additional 362 shares during the last quarter.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $49.59 on Friday. The business has a 50-day moving average of $54.34 and a 200 day moving average of $53.94. Academy Sports and Outdoors, Inc. has a 12 month low of $44.73 and a 12 month high of $75.73. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 1.02 and a beta of 1.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business’s revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.38 earnings per share. As a group, sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors’s payout ratio is presently 7.22%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ASO shares. Telsey Advisory Group cut their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Robert W. Baird cut their target price on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. TD Cowen raised their price objective on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Citigroup started coverage on Academy Sports and Outdoors in a research report on Wednesday, December 18th. They set a “buy” rating and a $65.00 price objective for the company. Finally, Truist Financial raised their price objective 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. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Academy Sports and Outdoors has an average rating of “Hold” and a consensus target price of $61.67.

Academy Sports and Outdoors Company 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.