Texas Permanent School Fund Dilutes Equity Position in Academy Sports and Outdoors, Inc. (NASDAQ: ASO)

The Texas Permanent School Fund has reduced its stake in Academy Sports and Outdoors, Inc. (NASDAQ: ASO – Get Rating) fell 12.4% in the fourth quarter, according to its most recent filing with the SEC. The company owned 53,606 shares of the company’s shares after selling 7,594 shares during the period. The Texas Permanent School Fund owned approximately 0.07% of the Academy of Sports and Outdoor Activities valued at $2,816,000 at the end of last quarter.

Other large investors have also recently added or reduced their stakes in the company. Romano Brothers AND Company secured a new position in the Sports and Outdoors Academy during the fourth quarter valued at $26,000. CWM LLC strengthened its position in Academy Sports and Outdoors stock up 135.1% in the third quarter. CWM LLC now owns 757 shares of the company’s stock worth $32,000 after purchasing an additional 435 shares during the most recent quarter. Captrust Financial Advisors increased its position in Academy Sports and Outdoors stock by 55.0% in the first quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock valued at $40,000 after purchasing an additional 357 shares during the most recent quarter. Wipfli Financial Advisors LLC acquired a new stake in Academy Sports and Outdoors stock in the third quarter valued at approximately $43,000. Finally, HWG Holdings LP acquired a new interest in Academy Sports and Outdoors stock in the third quarter worth approximately $65,000. 94.63% of the shares are currently held by institutional investors and hedge funds.

Analysts set new price targets

A number of equities research analysts have recently commented on the stock. Robert W. Byrd began coverage of Academy of Sports & Outdoors stocks in a research report on Tuesday, March 21st. They issued a “Superior” rating and a price target of $80.00 for the company. Gordon Haskett begins coverage of Academy Sports and Outdoors stocks in a research report on Friday, April 28th. They assigned an “accumulation” rating and a price target of $73.00 for the company. Jefferies Financial Group began coverage of Academy Sports and Outdoors stock in a research report on Tuesday, March 14th. They assigned a “Buy” rating and a price target of $73.00 to the company. Guggenheim raised its price target for shares of Academy Sports and Outdoors from $70 to $73.00 in a research report on Monday, May 1st. Finally, Wedbush raised its price target on shares of Academy Sports and Outdoors from $68.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday, March 17th. One research analyst has rated the stock with a hold rating and Fourteen has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.50.

The academy’s trading in sports and outdoor games decreased by 0.7%.

The NASDAQ ASO opened at $60.60 on Tuesday. Academy Sports and Outdoors, Inc. The 12-month low is at $25.10 and the 12-month high is at $69.02. The company has a 50-day moving average of $63.33 and a 200-day moving average of $56.26. The company has a debt-to-equity ratio of 0.36, a trading ratio of 1.62 and a quick ratio of 0.39. The company has a market capitalization of $4.66 billion, a P/E ratio of 8.08, a P/E ratio of 0.68 and a beta ratio of 1.14.

The Academy Sports and Outdoors (NASDAQ: ASO – Get Rating) last released its earnings results on Thursday, March 16th. The company reported earnings of $1.99 per share (EPS) for the quarter, beating analyst estimates of $1.83 by $0.16. The company generated $1.75 billion in revenue for the quarter, compared to analyst expectations of $1.79 billion. Academy Sports and Outdoors had a return on equity of 41.09% and a net margin of 9.82%. During the same quarter in the previous year, the company earned $1.61 EPS. As a group, equity analysts expect Academy Sports and Outdoors, Inc. 7.18 earnings per share for the current year.

The Academy of Sports and Outdoor Activities increases its profits

The company also recently declared a quarterly dividend, which was paid on Thursday, April 13th. Shareholders of record on Thursday, March 23rd were issued a dividend of $0.09. This represents a dividend of $0.36 on an annual basis and a yield of 0.59%. The date for the dividend payout was Wednesday, March 22nd. This is a boost from Academy Sports and Outdoors’ prior quarterly earnings of $0.08. The Academy Sports and Outdoors dividend yield is currently 4.80%.

About the Academy of Sports and Outdoors

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

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