Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Arizona State Retirement System

Arizona State Retirement System decreased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,836 shares of the company’s stock after selling 933 shares during the period. Arizona State Retirement System’s holdings in Academy Sports and Outdoors were worth $1,375,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ASO. BlackRock Inc. increased its holdings in shares of Academy Sports and Outdoors by 124.0% in the 1st quarter. BlackRock Inc. now owns 13,562,648 shares of the company’s stock valued at $534,370,000 after acquiring an additional 7,507,589 shares during the period. State Street Corp increased its stake in Academy Sports and Outdoors by 73.0% in the first quarter. State Street Corp now owns 2,834,137 shares of the company’s stock valued at $111,872,000 after purchasing an additional 1,196,076 shares during the period. Dimensional Fund Advisors LP increased its stake in Academy Sports and Outdoors by 11,157.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,079,773 shares of the company’s stock valued at $42,542,000 after purchasing an additional 1,070,181 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Academy Sports and Outdoors by 680.6% during the first quarter. Renaissance Technologies LLC now owns 1,147,500 shares of the company’s stock worth $45,212,000 after buying an additional 1,000,500 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Academy Sports and Outdoors by 11.3% during the first quarter. Vanguard Group Inc. now owns 9,462,337 shares of the company’s stock worth $372,817,000 after buying an additional 958,800 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ASO shares. Truist Financial reaffirmed a “buy” rating and set a $77.00 price objective on shares of Academy Sports and Outdoors in a research report on Tuesday, March 19th. Wells Fargo & Company lowered their price objective on shares of Academy Sports and Outdoors from $88.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Robert W. Baird boosted their price objective on shares of Academy Sports and Outdoors from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Jefferies Financial Group initiated coverage on shares of Academy Sports and Outdoors in a report on Friday. They issued a “buy” rating and a $85.00 target price on the stock. Finally, TD Cowen dropped their price target on shares of Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.47.

Academy Sports and Outdoors Trading Down 1.0 %

Shares of ASO stock opened at $59.02 on Friday. The stock has a market cap of $4.39 billion, a P/E ratio of 8.78, a P/E/G ratio of 0.87 and a beta of 1.35. The company has a quick ratio of 0.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a fifty-two week low of $42.83 and a fifty-two week high of $75.73. The business has a fifty day simple moving average of $67.86 and a 200-day simple moving average of $59.06.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th will be issued a dividend of $0.11 per share. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Monday, March 25th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.55%.

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, camping accessories and equipment, sunglasses, backpacks, and sports bags; 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, optics, airguns, and hunting equipment.