State of New Jersey Common Pension Fund D Purchases 9,696 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

State of New Jersey Common Pension Fund D boosted its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 27.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,604 shares of the company's stock after acquiring an additional 9,696 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.07% of Academy Sports and Outdoors worth $2,624,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ingalls & Snyder LLC raised its position in Academy Sports and Outdoors by 65.2% in the fourth quarter. Ingalls & Snyder LLC now owns 41,219 shares of the company's stock worth $2,371,000 after acquiring an additional 16,273 shares in the last quarter. Stephens Investment Management Group LLC raised its position in Academy Sports and Outdoors by 331.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company's stock worth $55,210,000 after acquiring an additional 737,212 shares in the last quarter. Empowered Funds LLC raised its position in Academy Sports and Outdoors by 20.6% in the fourth quarter. Empowered Funds LLC now owns 163,109 shares of the company's stock worth $9,384,000 after acquiring an additional 27,824 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in Academy Sports and Outdoors in the fourth quarter worth about $212,000. Finally, Meritage Portfolio Management raised its position in Academy Sports and Outdoors by 12.6% in the fourth quarter. Meritage Portfolio Management now owns 9,684 shares of the company's stock worth $557,000 after acquiring an additional 1,087 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have commented on ASO shares. Truist Financial boosted their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a "hold" rating in a research report on Wednesday, December 11th. Telsey Advisory Group dropped their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday, December 5th. Wedbush reissued an "outperform" rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Robert W. Baird dropped their price target on Academy Sports and Outdoors from $68.00 to $65.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 11th. Finally, Citigroup began coverage on Academy Sports and Outdoors in a research note on Wednesday, December 18th. They issued a "buy" rating and a $65.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Academy Sports and Outdoors has a consensus rating of "Hold" and a consensus target price of $61.67.

Academy Sports and Outdoors Stock Performance

ASO traded down $0.27 on Monday, hitting $50.57. The company had a trading volume of 1,629,885 shares, compared to its average volume of 1,417,768. The company's fifty day moving average price is $54.78 and its 200 day moving average price is $53.96. Academy Sports and Outdoors, Inc. has a 1-year low of $44.73 and a 1-year high of $75.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 1.03 and a beta of 1.23.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm earned $1.38 earnings per share. The firm's quarterly revenue was down 3.9% compared to the same quarter last year. Equities analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.87%. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 7.22%.

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.