California State Teachers Retirement System grew its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report) by 22.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 78,064 shares of the company’s stock after acquiring an additional 14,325 shares during the period. California State Teachers Retirement System’s holdings in Academy Sports and Outdoors were worth $4,407,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in ASO. Royal Bank of Canada boosted its holdings in Academy Sports and Outdoors by 8.5% in the first quarter. Royal Bank of Canada now owns 59,775 shares of the company’s stock worth $2,726,000 after purchasing an additional 4,665 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Academy Sports and Outdoors by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,472 shares of the company’s stock valued at $1,846,000 after purchasing an additional 1,257 shares during the period. United Services Automobile Association acquired a new stake in shares of Academy Sports and Outdoors in the first quarter worth $223,000. Strs Ohio acquired a new stake in shares of Academy Sports and Outdoors in the first quarter worth $128,000. Finally, EverSource Wealth Advisors LLC lifted its position in Academy Sports and Outdoors by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock worth $62,000 after acquiring an additional 657 shares during the last quarter.
Academy Sports and Outdoors Stock Up 1.6%
ASO opened at $48.13 on Friday. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 0.68 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.36 and a current ratio of 1.68. The firm’s 50-day simple moving average is $48.85 and its 200-day simple moving average is $53.57. Academy Sports and Outdoors, Inc. has a twelve month low of $41.29 and a twelve month high of $62.44.
Academy Sports and Outdoors Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. Academy Sports and Outdoors’s payout ratio is currently 10.56%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on ASO shares. The Goldman Sachs Group cut their price objective on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, June 10th. JPMorgan Chase & Co. decreased their price target on shares of Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 10th. UBS Group reduced their target price on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating for the company in a research note on Wednesday, June 10th. Stephens began coverage on Academy Sports and Outdoors in a research note on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 target price for the company. Finally, Weiss Ratings cut Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $58.07.
View Our Latest Analysis on ASO
Academy Sports and Outdoors Company Profile
Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.
The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.
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