Teacher Retirement System of Texas Boosts Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Teacher Retirement System of Texas grew its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 30.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,787 shares of the company's stock after buying an additional 8,035 shares during the quarter. Teacher Retirement System of Texas owned about 0.05% of Academy Sports and Outdoors worth $2,001,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Geode Capital Management LLC increased its position in shares of Academy Sports and Outdoors by 2.6% in the third quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company's stock valued at $118,092,000 after buying an additional 50,715 shares in the last quarter. Citigroup Inc. increased its holdings in Academy Sports and Outdoors by 66.4% during the 3rd quarter. Citigroup Inc. now owns 95,644 shares of the company's stock valued at $5,582,000 after acquiring an additional 38,155 shares in the last quarter. FMR LLC raised its position 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 worth $626,755,000 after acquiring an additional 1,422,971 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Academy Sports and Outdoors by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company's stock worth $40,974,000 after purchasing an additional 90,592 shares in the last quarter. Finally, Verition Fund Management LLC grew its holdings in Academy Sports and Outdoors by 203.2% during the 3rd quarter. Verition Fund Management LLC now owns 514,017 shares of the company's stock valued at $29,998,000 after buying an additional 344,466 shares during the last quarter.

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Academy Sports and Outdoors Trading Down 3.7 %

Shares of ASO stock traded down $1.73 during mid-day trading on Monday, reaching $44.35. The company's stock had a trading volume of 359,384 shares, compared to its average volume of 1,562,188. The company's 50 day simple moving average is $50.65 and its 200-day simple moving average is $52.96. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 12-month low of $43.16 and a 12-month high of $68.96. The firm has a market capitalization of $2.97 billion, a PE ratio of 7.28, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25.

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

Academy Sports and Outdoors Increases Dividend

The company 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 $0.13 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a yield of 1.17%. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's payout ratio is currently 9.01%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ASO shares. JPMorgan Chase & Co. upped their price objective on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Robert W. Baird reduced their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Truist Financial boosted their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. UBS Group reduced their price target on Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. Finally, Oppenheimer lowered their price objective on Academy Sports and Outdoors from $85.00 to $70.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $60.13.

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.