Illinois Municipal Retirement Fund Reduces Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Illinois Municipal Retirement Fund decreased its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 10.8% during the fourth quarter, Holdings Channel reports. The firm owned 41,931 shares of the company’s stock after selling 5,062 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Academy Sports and Outdoors were worth $2,767,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ASO. SkyView Investment Advisors LLC grew its position in Academy Sports and Outdoors by 14.2% during the third quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company’s stock valued at $93,000 after buying an additional 245 shares during the period. PFG Investments LLC raised its stake in Academy Sports and Outdoors by 7.9% during the 3rd quarter. PFG Investments LLC now owns 4,402 shares of the company’s stock worth $208,000 after acquiring an additional 321 shares during the period. BRYN MAWR TRUST Co bought a new position in shares of Academy Sports and Outdoors in the third quarter worth approximately $209,000. Avalon Capital Management purchased a new stake in shares of Academy Sports and Outdoors in the fourth quarter worth $211,000. Finally, AlphaMark Advisors LLC purchased a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at $215,000.

Analyst Ratings Changes

A number of equities research analysts have commented on ASO shares. Truist Financial reissued a “buy” rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a report on Tuesday, March 19th. JPMorgan Chase & Co. boosted their target price on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Telsey Advisory Group reduced their price target on shares of Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, March 21st. Morgan Stanley dropped their price objective on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, March 22nd. Finally, Evercore ISI cut their price objective on Academy Sports and Outdoors from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and a consensus target price of $74.00.

Insiders Place Their Bets

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total transaction of $72,000.00. Following the completion of the sale, the director now directly owns 7,870 shares of the company’s stock, valued at $472,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.56% of the stock is owned by insiders.

Academy Sports and Outdoors Trading Down 0.4 %

Shares of ASO opened at $59.06 on Thursday. The company’s fifty day simple moving average is $66.55 and its 200-day simple moving average is $59.78. The company has a market cap of $4.36 billion, a P/E ratio of 8.79, a P/E/G 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. Academy Sports and Outdoors, Inc. has a twelve month low of $42.83 and a twelve month high of $75.73.

Academy Sports and Outdoors Increases Dividend

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

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.