Illinois Municipal Retirement Fund Has $2.77 Million Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Illinois Municipal Retirement Fund lessened its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,931 shares of the company’s stock after selling 5,062 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of Academy Sports and Outdoors worth $2,767,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Foster & Motley Inc. lifted its stake in Academy Sports and Outdoors by 33.4% in the 4th quarter. Foster & Motley Inc. now owns 19,133 shares of the company’s stock valued at $1,263,000 after purchasing an additional 4,786 shares during the last quarter. Cetera Trust Company N.A acquired a new stake in Academy Sports and Outdoors during the 4th quarter worth approximately $273,000. Trust Investment Advisors raised its stake in shares of Academy Sports and Outdoors by 1.2% during the fourth quarter. Trust Investment Advisors now owns 14,792 shares of the company’s stock valued at $976,000 after acquiring an additional 172 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Academy Sports and Outdoors by 6.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,393 shares of the company’s stock worth $1,082,000 after purchasing an additional 960 shares during the last quarter. Finally, Strs Ohio lifted its holdings in Academy Sports and Outdoors by 14.5% during the 4th quarter. Strs Ohio now owns 6,300 shares of the company’s stock worth $415,000 after buying an additional 800 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. TD Cowen cut their price objective on Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Wells Fargo & Company reduced their price objective on shares of Academy Sports and Outdoors from $88.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Wedbush reaffirmed an “outperform” rating and set a $80.00 price target on shares of Academy Sports and Outdoors in a research report on Monday, April 1st. B. Riley reiterated a “buy” rating and issued a $72.00 target price (up from $65.00) on shares of Academy Sports and Outdoors in a report on Monday, March 25th. Finally, Truist Financial reaffirmed a “buy” rating and set a $77.00 price objective on shares of Academy Sports and Outdoors in a research report on Tuesday, March 19th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $74.00.

Insider Activity at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total value of $72,000.00. Following the completion of the transaction, the director now owns 7,870 shares in the company, valued at approximately $472,200. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.56% of the stock is currently owned by corporate insiders.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $59.06 on Thursday. Academy Sports and Outdoors, Inc. has a 12 month low of $42.83 and a 12 month high of $75.73. The stock has a market capitalization of $4.36 billion, a P/E ratio of 8.79, a PEG ratio of 0.86 and a beta of 1.35. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $66.55 and its 200 day moving average is $59.78.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th were given a $0.11 dividend. The ex-dividend date was Monday, March 25th. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 0.75%. Academy Sports and Outdoors’s payout ratio is 6.55%.

Academy Sports and Outdoors 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.