New York State Common Retirement Fund Has $2.03 Million Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

New York State Common Retirement Fund lowered its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 3.1% in the fourth quarter, HoldingsChannel reports. The firm owned 30,748 shares of the company’s stock after selling 991 shares during the period. New York State Common Retirement Fund’s holdings in Academy Sports and Outdoors were worth $2,029,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth $25,933,000. Allspring Global Investments Holdings LLC increased its position in Academy Sports and Outdoors by 2,687.8% in the 3rd 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 bought a new position in shares of Academy Sports and Outdoors in the third quarter worth about $8,889,000. Loomis Sayles & Co. L P acquired a new position in shares of Academy Sports and Outdoors during the third quarter worth approximately $7,380,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Academy Sports and Outdoors during the third quarter valued at approximately $3,551,000.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $56.47 on Thursday. The stock’s fifty day simple moving average is $64.47 and its 200 day simple moving average is $60.72. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $4.17 billion, a PE ratio of 8.41, a PEG ratio of 0.84 and a beta of 1.40. Academy Sports and Outdoors, Inc. has a 12 month low of $42.83 and a 12 month high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Thursday, March 21st. The company reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.05). Academy Sports and Outdoors had a return on equity of 28.99% and a net margin of 8.43%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.78 billion. On average, research analysts predict that Academy Sports and Outdoors, Inc. will post 6.65 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th were paid a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.44 dividend on an annualized basis and a yield of 0.78%. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. Academy Sports and Outdoors’s payout ratio is presently 6.55%.

Insider Transactions at Academy Sports and Outdoors

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, March 22nd. Telsey Advisory Group decreased their price target on Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, March 21st. Robert W. Baird boosted their price objective on Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Evercore ISI reduced their target price on shares of Academy Sports and Outdoors from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Finally, TD Cowen dropped their price target on shares of 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. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.88.

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.