Illinois Municipal Retirement Fund Has $2 Million Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Illinois Municipal Retirement Fund decreased its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 10.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 34,799 shares of the company’s stock after selling 4,036 shares during the period. Illinois Municipal Retirement Fund’s holdings in Academy Sports and Outdoors were worth $2,002,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ASO. Harbor Capital Advisors Inc. bought a new position in Academy Sports and Outdoors during the 3rd quarter worth approximately $28,000. TD Private Client Wealth LLC bought a new position in Academy Sports and Outdoors in the third quarter valued at approximately $40,000. Farther Finance Advisors LLC lifted its position in shares of Academy Sports and Outdoors by 98.4% in the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after purchasing an additional 366 shares in the last quarter. Nisa Investment Advisors LLC increased 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 buying an additional 421 shares during the last quarter. Finally, KBC Group NV increased its holdings in Academy Sports and Outdoors by 24.3% during the third quarter. KBC Group NV now owns 2,084 shares of the company’s stock worth $122,000 after buying an additional 408 shares during the last quarter.

Academy Sports and Outdoors Stock Down 0.7 %

ASO stock opened at $49.59 on Friday. The stock has a market capitalization of $3.44 billion, a P/E ratio of 8.14, a price-to-earnings-growth ratio of 1.02 and a beta of 1.23. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 12 month low of $44.73 and a 12 month high of $75.73. The firm has a 50-day moving average price of $54.34 and a 200-day moving average price of $53.92.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.30). Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the company earned $1.38 EPS. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is currently 7.22%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ASO shares. Truist Financial upped their price objective on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Citigroup began coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 target price for the company. TD Cowen upped their price objective on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Finally, Telsey Advisory Group cut their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.67.

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.