New York State Common Retirement Fund Acquires 25,153 Shares of Academy Sports and Outdoors, Inc. $ASO

New York State Common Retirement Fund boosted its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 14.3% during the 2nd quarter, Holdings Channel reports. The firm owned 201,628 shares of the company’s stock after acquiring an additional 25,153 shares during the period. New York State Common Retirement Fund’s holdings in Academy Sports and Outdoors were worth $9,035,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in ASO. Huntington National Bank raised its stake in shares of Academy Sports and Outdoors by 214.6% during the 2nd quarter. Huntington National Bank now owns 689 shares of the company’s stock worth $31,000 after purchasing an additional 470 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in Academy Sports and Outdoors during the first quarter worth about $64,000. US Bancorp DE raised its position in Academy Sports and Outdoors by 280.0% in the first quarter. US Bancorp DE now owns 1,657 shares of the company’s stock worth $76,000 after acquiring an additional 1,221 shares during the period. Strs Ohio bought a new stake in Academy Sports and Outdoors in the first quarter worth about $128,000. Finally, Cetera Trust Company N.A boosted its stake in Academy Sports and Outdoors by 22.1% in the second quarter. Cetera Trust Company N.A now owns 3,345 shares of the company’s stock valued at $150,000 after acquiring an additional 605 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ASO. JPMorgan Chase & Co. raised their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Truist Financial increased their price objective on Academy Sports and Outdoors from $47.00 to $50.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. Wells Fargo & Company reissued a “positive” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, September 3rd. Cowen restated a “hold” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Finally, Evercore ISI lifted their price objective on Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an “in-line” rating in a report on Tuesday, October 14th. Nine research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $58.37.

Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock opened at $49.29 on Friday. The firm has a market capitalization of $3.28 billion, a P/E ratio of 9.23, a PEG ratio of 1.00 and a beta of 1.30. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $61.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.64 and a quick ratio of 0.33. The business has a fifty day moving average price of $48.58 and a 200-day moving average price of $48.58.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, September 2nd. The company reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.32). The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.61 billion. Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.03 earnings per share. As a group, equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

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.