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 position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,281 shares of the company’s stock after selling 539 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Academy Sports and Outdoors were worth $441,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Academy Sports and Outdoors by 19.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock worth $158,147,000 after purchasing an additional 481,640 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Academy Sports and Outdoors by 36.6% in the 4th quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock worth $137,878,000 after buying an additional 559,414 shares during the last quarter. LSV Asset Management grew its holdings in shares of Academy Sports and Outdoors by 4.2% in the second quarter. LSV Asset Management now owns 1,721,741 shares of the company’s stock valued at $91,683,000 after acquiring an additional 69,700 shares in the last quarter. Westwood Holdings Group Inc. increased its position in shares of Academy Sports and Outdoors by 0.9% during the first quarter. Westwood Holdings Group Inc. now owns 1,241,093 shares of the company’s stock valued at $83,823,000 after acquiring an additional 10,545 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Academy Sports and Outdoors by 20.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,010,989 shares of the company’s stock worth $66,725,000 after acquiring an additional 172,783 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Jefferies Financial Group reduced their price objective on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Evercore ISI increased their price target on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. TD Cowen lifted their price objective on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research report on Wednesday, September 11th. Wells Fargo & Company boosted their target price 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. Finally, Morgan Stanley restated an “equal weight” rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.86.

Academy Sports and Outdoors Trading Up 0.5 %

Shares of ASO opened at $59.52 on Friday. Academy Sports and Outdoors, Inc. has a twelve month low of $42.83 and a twelve month high of $75.73. The stock has a market cap of $4.18 billion, a PE ratio of 9.10, a P/E/G ratio of 1.16 and a beta of 1.34. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average price is $54.77 and its 200-day moving average price is $56.90.

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

Academy Sports and Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 19th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, September 19th. Academy Sports and Outdoors’s payout ratio is 6.73%.

Insiders Place Their Bets

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

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.