Louisiana State Employees Retirement System Lowers Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Louisiana State Employees Retirement System trimmed its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 5.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,900 shares of the company’s stock after selling 2,200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Academy Sports and Outdoors were worth $2,037,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new stake in shares of Academy Sports and Outdoors in the 1st quarter valued at $35,000. V Square Quantitative Management LLC purchased a new stake in Academy Sports and Outdoors during the third quarter worth about $40,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Academy Sports and Outdoors during the third quarter worth about $58,000. GAMMA Investing LLC boosted its stake in shares of Academy Sports and Outdoors by 54.5% in the third quarter. GAMMA Investing LLC now owns 1,293 shares of the company’s stock valued at $75,000 after purchasing an additional 456 shares during the period. Finally, Your Advocates Ltd. LLP grew its holdings in shares of Academy Sports and Outdoors by 117.3% in the second quarter. Your Advocates Ltd. LLP now owns 1,706 shares of the company’s stock valued at $91,000 after purchasing an additional 921 shares in the last quarter.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the sale, the director now owns 8,906 shares in the company, valued at approximately $552,172. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.19% of the stock is currently owned by company insiders.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $52.17 on Wednesday. The firm has a market capitalization of $3.67 billion, a P/E ratio of 8.05, a P/E/G ratio of 1.04 and a beta of 1.34. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 52 week low of $43.07 and a 52 week high of $75.73. The firm’s 50 day moving average is $55.99 and its two-hundred day moving average is $55.00.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.96 by $0.07. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the business earned $2.01 EPS. Academy Sports and Outdoors’s revenue for the quarter was down 2.2% compared to the same quarter last year. Research analysts forecast that Academy Sports and Outdoors, Inc. will post 6.03 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, September 19th were given a $0.11 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.84%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Jefferies Financial Group reduced their price objective 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. Wells Fargo & Company boosted their target price on Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Evercore ISI lowered Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and reduced their price target for the company from $65.00 to $60.00 in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. downgraded Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $76.00 to $53.00 in a research report on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of “Moderate Buy” and an average target price of $62.50.

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.