Illinois pension fund buys $1.78M in Academy Sports, despite company missing Q1 earnings.

The Illinois Municipal Retirement Fund increased its Academy Sports and Outdoors holdings by 4,188 shares, totaling $1.78 million. Despite a "Moderate Buy" consensus from 16 brokers, Academy Sports reported Q1 earnings of $0.76 per share, missing expectations by $0.13, and revenue of $1.35 billion, slightly below forecasts. The company also announced a quarterly dividend of $0.13 per share.