New York State Teachers Retirement System Sells 1,361 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

New York State Teachers Retirement System trimmed its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 3.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 38,406 shares of the company’s stock after selling 1,361 shares during the quarter. New York State Teachers Retirement System owned about 0.06% of Academy Sports and Outdoors worth $2,209,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the stock. Ingalls & Snyder LLC boosted its stake in shares of Academy Sports and Outdoors by 65.2% during the 4th quarter. Ingalls & Snyder LLC now owns 41,219 shares of the company’s stock worth $2,371,000 after acquiring an additional 16,273 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in Academy Sports and Outdoors by 331.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company’s stock worth $55,210,000 after buying an additional 737,212 shares during the period. Empowered Funds LLC boosted its stake in shares of Academy Sports and Outdoors by 20.6% in the fourth quarter. Empowered Funds LLC now owns 163,109 shares of the company’s stock worth $9,384,000 after acquiring an additional 27,824 shares during the period. Bleakley Financial Group LLC purchased a new stake in Academy Sports and Outdoors during the 4th quarter valued at approximately $212,000. Finally, Meritage Portfolio Management increased its holdings in Academy Sports and Outdoors by 12.6% in the 4th quarter. Meritage Portfolio Management now owns 9,684 shares of the company’s stock valued at $557,000 after acquiring an additional 1,087 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ASO shares. Robert W. Baird reduced 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. Citigroup began coverage on Academy Sports and Outdoors in a research report on Wednesday, December 18th. They set a “buy” rating and a $65.00 target price for the company. Telsey Advisory Group reduced 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 note on Thursday, December 5th. TD Cowen boosted their price objective on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, Wedbush reaffirmed an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.67.

Academy Sports and Outdoors Price Performance

Shares of ASO stock opened at $50.84 on Friday. The company has a market capitalization of $3.53 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.03 and a beta of 1.23. Academy Sports and Outdoors, Inc. has a 12 month low of $44.73 and a 12 month high of $75.73. 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 is $54.86 and its two-hundred day moving average is $53.91.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.30). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $1.38 earnings per share. Analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Wednesday, December 18th. Academy Sports and Outdoors’s payout ratio is 7.22%.

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.