Maryland State Retirement & Pension System Purchases New Shares in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)


Maryland State Retirement & Pension System acquired a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASOGet Rating) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 35,148 shares of the company’s stock, valued at approximately $1,385,000.

A number of other institutional investors have also recently made changes to their positions in ASO. Invesco Ltd. grew its stake in Academy Sports and Outdoors by 322.4% during the third quarter. Invesco Ltd. now owns 154,219 shares of the company’s stock worth $6,172,000 after buying an additional 117,710 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Academy Sports and Outdoors by 96.4% in the 3rd quarter. Royal Bank of Canada now owns 40,409 shares of the company’s stock valued at $1,616,000 after purchasing an additional 19,835 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Academy Sports and Outdoors by 30.5% in the 3rd quarter. California State Teachers Retirement System now owns 111,181 shares of the company’s stock valued at $4,449,000 after purchasing an additional 25,987 shares in the last quarter. Metropolitan Life Insurance Co NY boosted its stake in shares of Academy Sports and Outdoors by 18.4% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 20,706 shares of the company’s stock valued at $829,000 after purchasing an additional 3,213 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Academy Sports and Outdoors by 3.7% in the 3rd quarter. LPL Financial LLC now owns 101,653 shares of the company’s stock valued at $4,068,000 after purchasing an additional 3,647 shares in the last quarter. Hedge funds and other institutional investors own 89.94% of the company’s stock.

ASO has been the subject of a number of research reports. Wells Fargo & Company dropped their price objective on shares of Academy Sports and Outdoors from $62.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, March 24th. Truist Financial started coverage on shares of Academy Sports and Outdoors in a report on Wednesday, May 11th. They set a “buy” rating and a $53.00 price target for the company. UBS Group lowered their price target on shares of Academy Sports and Outdoors to $55.00 in a report on Thursday, June 9th. Stephens raised their price target on shares of Academy Sports and Outdoors from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, June 8th. Finally, Loop Capital raised their price target on shares of Academy Sports and Outdoors from $43.00 to $50.00 in a report on Wednesday, March 30th. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Academy Sports and Outdoors has a consensus rating of “Buy” and an average target price of $55.08.

ASO opened at $36.06 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.56 and a quick ratio of 0.44. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 5.17, a P/E/G ratio of 0.53 and a beta of 1.65. The firm’s fifty day moving average price is $36.17 and its two-hundred day moving average price is $37.33. Academy Sports and Outdoors, Inc. has a 1 year low of $25.10 and a 1 year high of $51.08.

Academy Sports and Outdoors (NASDAQ:ASOGet Rating) last posted its quarterly earnings data on Tuesday, June 7th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.32. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. Academy Sports and Outdoors had a net margin of 9.66% and a return on equity of 47.24%. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.89 EPS. As a group, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 7.06 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Stockholders of record on Thursday, June 16th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Wednesday, June 15th. Academy Sports and Outdoors’s payout ratio is 4.30%.

Academy Sports and Outdoors Company Profile (Get Rating)

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.

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Institutional Ownership by Quarter for Academy Sports and Outdoors (NASDAQ:ASO)



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