Public Employees Retirement System of Ohio Grows Stake in Academy Sports and Outdoors, Inc. $ASO

Public Employees Retirement System of Ohio lifted its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 8.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,649 shares of the company’s stock after buying an additional 4,139 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.08% of Academy Sports and Outdoors worth $2,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Academy Sports and Outdoors by 60.3% in the 2nd quarter. GAMMA Investing LLC now owns 4,493 shares of the company’s stock worth $201,000 after buying an additional 1,691 shares during the last quarter. Fulton Bank N.A. purchased a new position in Academy Sports and Outdoors during the second quarter valued at $240,000. Wealth Enhancement Advisory Services LLC purchased a new position in Academy Sports and Outdoors during the second quarter valued at $215,000. Pallas Capital Advisors LLC purchased a new position in Academy Sports and Outdoors during the second quarter valued at $215,000. Finally, Voya Investment Management LLC lifted its position in Academy Sports and Outdoors by 2.4% during the first quarter. Voya Investment Management LLC now owns 25,839 shares of the company’s stock valued at $1,179,000 after purchasing an additional 612 shares in the last quarter.

Academy Sports and Outdoors Trading Up 4.5%

Shares of ASO stock opened at $52.29 on Thursday. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month high of $61.25. The company has a current ratio of 1.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.23. The stock’s 50-day moving average price is $51.03 and its 200-day moving average price is $46.28. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28.

Academy Sports and Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 11th. Academy Sports and Outdoors’s payout ratio is 9.74%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ASO shares. Wells Fargo & Company reiterated a “positive” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, September 3rd. Barclays started coverage on Academy Sports and Outdoors in a research report on Tuesday. They set an “equal weight” rating and a $51.00 target price on the stock. Monness Crespi & Hardt started coverage on Academy Sports and Outdoors in a research report on Monday, August 4th. They set a “buy” rating and a $65.00 target price on the stock. Evercore ISI lowered their target price on Academy Sports and Outdoors from $55.00 to $50.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 23rd. Finally, UBS Group reiterated a “neutral” rating and set a $52.00 target price on shares of Academy Sports and Outdoors in a research report on Sunday, August 31st. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $58.11.

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.