Public Employees Retirement Association of Colorado Sells 539 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Public Employees Retirement Association of Colorado decreased its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 6.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,281 shares of the company’s stock after selling 539 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Academy Sports and Outdoors were worth $441,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Academy Sports and Outdoors by 3.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company’s stock valued at $548,000 after purchasing an additional 250 shares during the last quarter. Trust Investment Advisors lifted its stake in shares of Academy Sports and Outdoors by 1.8% in the 2nd quarter. Trust Investment Advisors now owns 15,030 shares of the company’s stock valued at $800,000 after acquiring an additional 266 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of Academy Sports and Outdoors by 3.6% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 7,673 shares of the company’s stock valued at $409,000 after acquiring an additional 269 shares in the last quarter. Moody National Bank Trust Division increased its holdings in Academy Sports and Outdoors by 2.1% in the 1st quarter. Moody National Bank Trust Division now owns 13,487 shares of the company’s stock worth $911,000 after purchasing an additional 276 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in Academy Sports and Outdoors by 2.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 10,715 shares of the company’s stock valued at $726,000 after purchasing an additional 296 shares during the last quarter.

Academy Sports and Outdoors Stock Up 0.5 %

Shares of Academy Sports and Outdoors stock opened at $59.52 on Friday. The stock’s 50-day moving average is $54.77 and its 200 day moving average is $56.90. Academy Sports and Outdoors, Inc. has a one year low of $42.83 and a one year high of $75.73. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 1.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.01 EPS. Equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.03 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.74%. The ex-dividend date is Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 6.73%.

Analyst Upgrades and Downgrades

ASO has been the topic of several research reports. UBS Group cut Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $81.00 to $58.00 in a report on Wednesday, June 12th. Morgan Stanley reissued an “equal weight” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Wells Fargo & Company raised their price target on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Jefferies Financial Group cut their price target on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Finally, Loop Capital restated a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of “Moderate Buy” and an average price target of $62.86.

Insider Activity

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the sale, the director now directly owns 8,906 shares of the company’s stock, valued at approximately $552,172. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total value of $33,906.25. Following the transaction, the director now directly owns 10,106 shares of the company’s stock, valued at $548,250.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the sale, the director now directly owns 8,906 shares of the company’s stock, valued at $552,172. The disclosure for this sale can be found here. Company insiders own 2.19% of the company’s stock.

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.