California State Teachers Retirement System Has $3.78 Million Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

California State Teachers Retirement System cut its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 4.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,657 shares of the company’s stock after selling 3,243 shares during the period. California State Teachers Retirement System’s holdings in Academy Sports and Outdoors were worth $3,777,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Academy Sports and Outdoors by 12.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,699,015 shares of the company’s stock valued at $212,807,000 after buying an additional 404,863 shares during the period. LSV Asset Management increased its holdings in Academy Sports and Outdoors by 14.2% in the 4th quarter. LSV Asset Management now owns 1,940,041 shares of the company’s stock valued at $111,611,000 after buying an additional 241,100 shares during the period. Westwood Holdings Group Inc. increased its holdings in Academy Sports and Outdoors by 1.0% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,464,630 shares of the company’s stock valued at $84,260,000 after buying an additional 14,997 shares during the period. American Century Companies Inc. increased its holdings in Academy Sports and Outdoors by 77.2% in the 4th quarter. American Century Companies Inc. now owns 1,252,699 shares of the company’s stock valued at $72,068,000 after buying an additional 545,778 shares during the period. Finally, Royce & Associates LP increased its holdings in Academy Sports and Outdoors by 23.5% in the 4th quarter. Royce & Associates LP now owns 1,174,576 shares of the company’s stock valued at $67,573,000 after buying an additional 223,320 shares during the period.

Academy Sports and Outdoors Stock Up 5.7%

NASDAQ:ASO opened at $42.76 on Wednesday. The firm’s 50 day simple moving average is $40.24 and its 200 day simple moving average is $47.93. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $64.62. The company has a market cap of $2.84 billion, a PE ratio of 7.02, a P/E/G ratio of 1.02 and a beta of 1.29.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the company earned $2.21 EPS. The firm’s revenue was down 6.6% compared to the same quarter last year. On average, research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, March 25th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 1.22%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 9.01%.

Wall Street Analyst Weigh In

Several equities analysts have commented on ASO shares. B. Riley decreased their target price on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Morgan Stanley decreased their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. Wedbush decreased their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Robert W. Baird decreased their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Finally, Truist Financial set a $45.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, May 7th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.75.

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.