New York State Teachers Retirement System Decreases Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

New York State Teachers Retirement System cut its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 38,406 shares of the company’s stock after selling 1,361 shares during the period. New York State Teachers Retirement System’s holdings in Academy Sports and Outdoors were worth $2,209,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ASO. Simmons Bank grew its holdings in Academy Sports and Outdoors by 1.9% in the third quarter. Simmons Bank now owns 10,860 shares of the company’s stock valued at $634,000 after purchasing an additional 200 shares during the period. HighTower Advisors LLC increased its position in shares of Academy Sports and Outdoors by 6.2% during the third 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. grew its position in shares of Academy Sports and Outdoors by 14.8% during the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock worth $151,000 after buying an additional 334 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in Academy Sports and Outdoors by 3.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 9,608 shares of the company’s stock valued at $553,000 after buying an additional 362 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Academy Sports and Outdoors by 98.4% during the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after purchasing an additional 366 shares during the last quarter.

Academy Sports and Outdoors Trading Down 1.3 %

Shares of Academy Sports and Outdoors stock opened at $50.84 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The firm has a 50-day moving average of $54.86 and a 200-day moving average of $53.91. Academy Sports and Outdoors, Inc. has a 52-week low of $44.73 and a 52-week high of $75.73. The stock has a market cap of $3.53 billion, a PE ratio of 8.35, a PEG ratio of 1.03 and a beta of 1.23.

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

Academy Sports and Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.87%. Academy Sports and Outdoors’s payout ratio is 7.22%.

Analyst Ratings Changes

Several analysts recently commented on ASO shares. Telsey Advisory Group lowered their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. TD Cowen lifted their target price on shares of 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. Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Citigroup assumed coverage on shares of Academy Sports and Outdoors in a research note on Wednesday, December 18th. They issued a “buy” rating and a $65.00 target price for the company. Finally, Robert W. Baird dropped their price target on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.