Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 407 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.6% in the fourth quarter, HoldingsChannel reports. 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 quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TD Private Client Wealth LLC bought a new stake in Academy Sports and Outdoors in the third quarter worth $40,000. AlphaQuest LLC lifted its stake in shares of Academy Sports and Outdoors by 240.8% in 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 last quarter. Parkside Financial Bank & Trust boosted its holdings in 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 grew its position in 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 acquiring an additional 843 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in 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 Stock Down 2.1 %

NASDAQ:ASO opened at $48.98 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The firm’s 50-day moving average price is $50.86 and its 200-day moving average price is $53.06. The company has a market capitalization of $3.40 billion, a PE ratio of 8.04, a P/E/G ratio of 1.02 and a beta of 1.25. Academy Sports and Outdoors, Inc. has a 1-year low of $43.16 and a 1-year high of $68.96.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the firm earned $2.21 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.13 per share. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Tuesday, March 25th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 9.01%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ASO shares. Morgan Stanley dropped their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. JPMorgan Chase & Co. raised their price target on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. B. Riley lowered their price objective on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Oppenheimer cut their target price on Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. Finally, Truist Financial upped their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $60.13.

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.