Public Sector Pension Investment Board Sells 9,400 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Public Sector Pension Investment Board reduced its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 153,006 shares of the company’s stock after selling 9,400 shares during the period. Public Sector Pension Investment Board owned 0.22% of Academy Sports and Outdoors worth $8,929,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its holdings in Academy Sports and Outdoors by 15.3% during the third quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after acquiring an additional 1,422,971 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Academy Sports and Outdoors during the 2nd quarter worth about $174,054,000. Dimensional Fund Advisors LP lifted its position in shares of Academy Sports and Outdoors by 19.4% during the 2nd 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. LSV Asset Management boosted its stake in Academy Sports and Outdoors by 4.2% during the 2nd quarter. LSV Asset Management now owns 1,721,741 shares of the company’s stock valued at $91,683,000 after purchasing an additional 69,700 shares during the period. Finally, King Luther Capital Management Corp grew its holdings in Academy Sports and Outdoors by 1.9% in the 2nd quarter. King Luther Capital Management Corp now owns 1,613,209 shares of the company’s stock valued at $85,903,000 after buying an additional 29,912 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ASO shares. Loop Capital reissued a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Evercore ISI downgraded shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and reduced their price target for the company from $65.00 to $60.00 in a report on Thursday, October 3rd. Wells Fargo & Company boosted their price objective on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. TD Cowen lifted their target price on 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. Finally, Truist Financial cut Academy Sports and Outdoors from a “buy” rating to a “hold” rating and cut their price target for the company from $63.00 to $50.00 in a report on Tuesday, November 19th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $61.57.

Insiders Place Their Bets

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were 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. This represents a 11.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.19% of the company’s stock.

Academy Sports and Outdoors Stock Up 0.8 %

Shares of NASDAQ ASO opened at $49.25 on Friday. The business has a fifty day moving average of $52.76 and a two-hundred day moving average of $53.65. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66. Academy Sports and Outdoors, Inc. has a 52-week low of $44.73 and a 52-week high of $75.73. The stock has a market cap of $3.46 billion, a PE ratio of 7.60, a PEG ratio of 0.94 and a beta of 1.37.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. The firm 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%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.01 earnings per share. As a group, equities research analysts expect that Academy Sports and Outdoors, Inc. will post 6.01 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were given a $0.11 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.44 annualized dividend and a yield of 0.89%. Academy Sports and Outdoors’s payout ratio is 6.79%.

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.