New York State Teachers Retirement System Cuts Stock Position in Academy Sports and Outdoors, Inc. $ASO

New York State Teachers Retirement System lessened its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 13.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,913 shares of the company’s stock after selling 5,000 shares during the quarter. New York State Teachers Retirement System’s holdings in Academy Sports and Outdoors were worth $1,475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Your Advocates Ltd. LLP raised its holdings in shares of Academy Sports and Outdoors by 101.5% in the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company’s stock valued at $37,000 after buying an additional 411 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of Academy Sports and Outdoors by 45.6% in the 1st quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company’s stock valued at $53,000 after buying an additional 362 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Academy Sports and Outdoors in the 1st quarter valued at $64,000. Nisa Investment Advisors LLC raised its holdings in shares of Academy Sports and Outdoors by 25.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock valued at $66,000 after buying an additional 293 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Academy Sports and Outdoors by 280.0% in the 1st quarter. US Bancorp DE now owns 1,657 shares of the company’s stock valued at $76,000 after buying an additional 1,221 shares during the period.

Analyst Ratings Changes

ASO has been the subject of several analyst reports. Citigroup cut Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $55.00 to $50.00 in a research note on Wednesday, September 3rd. Monness Crespi & Hardt initiated coverage on Academy Sports and Outdoors in a research note on Monday, August 4th. They set a “buy” rating and a $65.00 target price for the company. Guggenheim reissued a “buy” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Monday, September 8th. Evercore ISI boosted their target price on Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. boosted their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $58.37.

Academy Sports and Outdoors Trading Down 3.2%

NASDAQ:ASO opened at $48.83 on Thursday. The stock has a 50-day simple moving average of $51.02 and a 200-day simple moving average of $46.89. The stock has a market cap of $3.25 billion, a P/E ratio of 9.14, a P/E/G ratio of 1.01 and a beta of 1.28. Academy Sports and Outdoors, Inc. has a 1 year low of $33.34 and a 1 year high of $61.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 1.64.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, September 2nd. The company reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.32). The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.61 billion. Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.03 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. As a group, analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 11th. Academy Sports and Outdoors’s dividend payout ratio is currently 9.74%.

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.