Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 8.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 127,150 shares of the company’s stock after selling 12,136 shares during the period. California Public Employees Retirement System’s holdings in Academy Sports and Outdoors were worth $8,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. SkyView Investment Advisors LLC increased its position in shares of Academy Sports and Outdoors by 14.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company’s stock valued at $93,000 after acquiring an additional 245 shares during the period. PFG Investments LLC grew its position in Academy Sports and Outdoors by 7.9% during the 3rd quarter. PFG Investments LLC now owns 4,402 shares of the company’s stock worth $208,000 after purchasing an additional 321 shares during the period. BRYN MAWR TRUST Co acquired a new stake in Academy Sports and Outdoors during the 3rd quarter worth about $209,000. Avalon Capital Management acquired a new stake in Academy Sports and Outdoors during the 4th quarter worth about $211,000. Finally, AlphaMark Advisors LLC acquired a new stake in Academy Sports and Outdoors during the 3rd quarter worth about $215,000.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ASO. Wedbush reaffirmed an “outperform” rating and set a $80.00 price target on shares of Academy Sports and Outdoors in a research report on Monday, April 1st. Evercore ISI cut their price target on Academy Sports and Outdoors from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Telsey Advisory Group lowered their target price on shares of Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, March 21st. Wells Fargo & Company lowered their target price on shares of Academy Sports and Outdoors from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Finally, TD Cowen lowered their target price on shares of Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Academy Sports and Outdoors presently has a consensus rating of “Moderate Buy” and an average target price of $73.88.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total value of $72,000.00. Following the completion of the transaction, the director now owns 7,870 shares of the company’s stock, valued at approximately $472,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.19% of the stock is currently owned by corporate insiders.

Academy Sports and Outdoors Stock Down 0.6 %

Academy Sports and Outdoors stock opened at $57.40 on Friday. Academy Sports and Outdoors, Inc. has a fifty-two week low of $42.83 and a fifty-two week high of $75.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 1.87. The firm has a 50 day moving average price of $65.31 and a 200 day moving average price of $60.28. The company has a market capitalization of $4.24 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 0.83 and a beta of 1.40.

Academy Sports and Outdoors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.77%. The ex-dividend date was Monday, March 25th. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 6.55%.

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.