Public Sector Pension Investment Board Has $8.93 Million Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Public Sector Pension Investment Board trimmed its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,006 shares of the company’s stock after selling 9,400 shares during the period. Public Sector Pension Investment Board’s holdings in Academy Sports and Outdoors were worth $8,929,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth about $28,000. V Square Quantitative Management LLC acquired a new position in Academy Sports and Outdoors during the third quarter valued at approximately $40,000. Farther Finance Advisors LLC increased its stake in Academy Sports and Outdoors by 98.4% in the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after purchasing an additional 366 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Academy Sports and Outdoors during the 3rd quarter worth $58,000. Finally, Nisa Investment Advisors LLC lifted its holdings in Academy Sports and Outdoors by 53.7% during the third quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company’s stock worth $70,000 after acquiring an additional 421 shares in the last quarter.

Academy Sports and Outdoors Stock Up 0.8 %

NASDAQ:ASO opened at $49.25 on Friday. Academy Sports and Outdoors, Inc. has a twelve month low of $44.73 and a twelve month high of $75.73. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 0.94 and a beta of 1.37. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average price is $52.76 and its two-hundred day moving average price is $53.65.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.01 earnings per share. Equities research analysts expect that Academy Sports and Outdoors, Inc. will post 6.01 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, September 19th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Thursday, September 19th. Academy Sports and Outdoors’s payout ratio is currently 6.79%.

Analyst Ratings Changes

ASO has been the topic of a number of research analyst reports. Wedbush reaffirmed an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. JPMorgan Chase & Co. cut shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $76.00 to $53.00 in a report on Monday, August 5th. Telsey Advisory Group restated an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. TD Cowen upped their target price on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research note on Wednesday, September 11th. Finally, Jefferies Financial Group dropped their price target on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $61.57.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total transaction of $74,400.00. Following the completion of the transaction, the director now directly owns 8,906 shares of the company’s stock, valued at $552,172. The trade was a 11.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.19% of the company’s stock.

Academy Sports and Outdoors Company 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.