California Public Employees Retirement System Sells 10,361 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

California Public Employees Retirement System lowered its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 8.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,179 shares of the company's stock after selling 10,361 shares during the quarter. California Public Employees Retirement System owned 0.17% of Academy Sports and Outdoors worth $6,684,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ASO. TD Private Client Wealth LLC bought a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth $40,000. AlphaQuest LLC increased its stake in shares of Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company's stock worth $40,000 after acquiring an additional 496 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Academy Sports and Outdoors by 1,307.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock worth $57,000 after purchasing an additional 915 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Academy Sports and Outdoors by 242.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock valued at $69,000 after acquiring an additional 843 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Academy Sports and Outdoors by 14.8% during the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company's stock worth $151,000 after buying an additional 334 shares during the last quarter.

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Academy Sports and Outdoors Price Performance

Shares of ASO stock traded down $1.15 during mid-day trading on Friday, reaching $36.57. The company's stock had a trading volume of 1,923,181 shares, compared to its average volume of 1,615,168. The firm's 50-day moving average is $47.18 and its two-hundred day moving average is $51.34. The company has a market cap of $2.45 billion, a P/E ratio of 6.00, a PEG ratio of 1.02 and a beta of 1.26. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year high of $64.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter last year, the company earned $2.21 earnings per share. The company's revenue for the quarter was down 6.6% compared to the same quarter last year. On average, research analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.42%. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 9.01%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ASO. Oppenheimer lowered their target price on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Robert W. Baird lowered 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 report on Friday, March 21st. Loop Capital cut their price objective on Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a report on Monday, March 17th. Finally, Wedbush 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 report on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $58.63.

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.