Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Purchased by Strs Ohio

Strs Ohio increased its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 14.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,300 shares of the company’s stock after purchasing an additional 800 shares during the quarter. Strs Ohio’s holdings in Academy Sports and Outdoors were worth $415,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of ASO. Vaughan Nelson Investment Management L.P. acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at approximately $25,933,000. Allspring Global Investments Holdings LLC grew its position in Academy Sports and Outdoors by 2,687.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 300,277 shares of the company’s stock valued at $14,194,000 after acquiring an additional 289,506 shares in the last quarter. Pacifica Capital Investments LLC acquired a new stake in Academy Sports and Outdoors in the third quarter valued at approximately $8,889,000. Loomis Sayles & Co. L P acquired a new stake in Academy Sports and Outdoors in the third quarter valued at approximately $7,380,000. Finally, Hsbc Holdings PLC acquired a new stake in Academy Sports and Outdoors in the third quarter valued at approximately $3,551,000.

Analyst Ratings Changes

ASO has been the subject of several recent research reports. Wedbush reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday, April 1st. Evercore ISI reduced their target price on Academy Sports and Outdoors from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Robert W. Baird increased their target price 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. TD Cowen reduced their target price on Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Finally, Wells Fargo & Company reduced their price objective on Academy Sports and Outdoors from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Academy Sports and Outdoors has a consensus rating of “Moderate Buy” and an average price target of $73.82.

Insider Activity

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total transaction of $72,000.00. Following the transaction, the director now directly owns 7,870 shares of the company’s stock, valued at $472,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.56% of the company’s stock.

Academy Sports and Outdoors Stock Performance

ASO stock opened at $60.72 on Monday. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 0.89 and a beta of 1.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 1.87. Academy Sports and Outdoors, Inc. has a 1 year low of $42.83 and a 1 year high of $75.73. The stock’s fifty day moving average is $66.19 and its two-hundred day moving average is $60.10.

Academy Sports and Outdoors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.72%. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, March 25th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 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.