Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,649 shares of the company’s stock after selling 1,381 shares during the quarter. New York State Teachers Retirement System’s holdings in Academy Sports and Outdoors were worth $2,815,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ASO. Advisory Services Network LLC lifted its position in Academy Sports and Outdoors by 139.2% during the 1st quarter. Advisory Services Network LLC now owns 421 shares of the company’s stock worth $27,000 after acquiring an additional 245 shares during the period. Captrust Financial Advisors grew its position in Academy Sports and Outdoors by 55.0% in the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock valued at $40,000 after buying an additional 357 shares during the last quarter. KB Financial Partners LLC acquired a new position in Academy Sports and Outdoors in the 2nd quarter valued at $84,000. SkyView Investment Advisors LLC acquired a new stake in shares of Academy Sports and Outdoors in the 2nd quarter worth $94,000. Finally, Ronald Blue Trust Inc. boosted its holdings in shares of Academy Sports and Outdoors by 449.1% in the third quarter. Ronald Blue Trust Inc. now owns 1,768 shares of the company’s stock valued at $84,000 after acquiring an additional 1,446 shares in the last quarter.

Analysts Set New Price Targets

ASO has been the subject of a number of recent analyst reports. Truist Financial restated a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a research report on Tuesday, March 19th. Robert W. Baird lifted their price target on Academy Sports and Outdoors from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Evercore ISI increased their price objective on Academy Sports and Outdoors from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Jefferies Financial Group started coverage on shares of Academy Sports and Outdoors in a research report on Friday. They set a “buy” rating and a $85.00 target price on the stock. Finally, B. Riley reiterated a “buy” rating and issued a $72.00 price target (up previously from $65.00) on shares of Academy Sports and Outdoors in a report on Monday, March 25th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $74.47.

Academy Sports and Outdoors Trading Up 1.2 %

Shares of Academy Sports and Outdoors stock opened at $59.71 on Tuesday. The business has a 50 day moving average price of $67.80 and a 200 day moving average price of $59.24. The company has a market capitalization of $4.44 billion, a P/E ratio of 8.89, a P/E/G ratio of 0.86 and a beta of 1.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.87 and a quick ratio of 0.51. Academy Sports and Outdoors, Inc. has a 1 year low of $42.83 and a 1 year high of $75.73.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th will be given a $0.11 dividend. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Monday, March 25th. Academy Sports and Outdoors’s dividend payout ratio is currently 6.55%.

Academy Sports and Outdoors 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.