Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 5.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 34,900 shares of the company’s stock after selling 2,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Academy Sports and Outdoors were worth $2,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. purchased a new position in Academy Sports and Outdoors during the second quarter worth about $174,054,000. Dimensional Fund Advisors LP increased its position in Academy Sports and Outdoors by 19.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock worth $158,147,000 after purchasing an additional 481,640 shares during the period. Lord Abbett & CO. LLC raised its stake in shares of Academy Sports and Outdoors by 169.0% during the 1st quarter. Lord Abbett & CO. LLC now owns 510,727 shares of the company’s stock worth $34,494,000 after buying an additional 320,835 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Academy Sports and Outdoors in the 2nd quarter valued at approximately $10,224,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Academy Sports and Outdoors by 43.4% in the second quarter. The Manufacturers Life Insurance Company now owns 612,175 shares of the company’s stock valued at $32,598,000 after buying an additional 185,295 shares in the last quarter.

Insider Activity

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value of $74,400.00. Following the sale, the director now directly owns 8,906 shares of the company’s stock, valued at approximately $552,172. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Morgan Stanley reissued an “equal weight” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Wedbush reiterated an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. TD Cowen upped their target price on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. downgraded shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $76.00 to $53.00 in a research report on Monday, August 5th. Finally, Jefferies Financial Group lowered their price target on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.50.

Academy Sports and Outdoors Trading Down 0.3 %

Academy Sports and Outdoors stock opened at $52.17 on Wednesday. The stock has a market cap of $3.67 billion, a PE ratio of 8.05, a P/E/G ratio of 1.04 and a beta of 1.34. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average price of $55.99 and a 200 day moving average price of $55.00. Academy Sports and Outdoors, Inc. has a 52 week low of $43.07 and a 52 week high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the business posted $2.01 earnings per share. The company’s revenue was down 2.2% on a year-over-year basis. Equities research analysts predict that Academy Sports and Outdoors, Inc. will post 6.03 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.79%.

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.