Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Sells $74,400.00 in Stock

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the completion of the transaction, the director now directly owns 8,906 shares of the company’s stock, valued at approximately $552,172. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Academy Sports and Outdoors Stock Down 2.4 %

Academy Sports and Outdoors stock opened at $60.34 on Friday. The company has a market capitalization of $4.35 billion, a P/E ratio of 9.23, a P/E/G ratio of 0.94 and a beta of 1.34. Academy Sports and Outdoors, Inc. has a 1-year low of $42.83 and a 1-year high of $75.73. The firm’s fifty day simple moving average is $54.43 and its 200-day simple moving average is $57.22. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.01 earnings per share. Sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 6.25 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio is 6.73%.

Wall Street Analyst Weigh In

ASO has been the subject of several recent analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Thursday, September 5th. Evercore ISI raised their price objective on Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Bank of America downgraded Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and dropped their target price for the company from $75.00 to $63.00 in a report on Tuesday, June 11th. UBS Group cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $81.00 to $58.00 in a report on Wednesday, June 12th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Academy Sports and Outdoors presently has an average rating of “Moderate Buy” and a consensus target price of $62.86.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several hedge funds and other institutional investors have recently made changes to their positions in ASO. Pacer Advisors Inc. bought a new stake in Academy Sports and Outdoors during the 2nd quarter valued at approximately $174,054,000. Dimensional Fund Advisors LP boosted its position in shares of Academy Sports and Outdoors by 19.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock valued at $158,147,000 after acquiring an additional 481,640 shares during the period. Point72 Asset Management L.P. grew its stake in shares of Academy Sports and Outdoors by 36.6% in the fourth quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock worth $137,878,000 after acquiring an additional 559,414 shares during the last quarter. LSV Asset Management raised its stake in Academy Sports and Outdoors by 4.2% during the 2nd quarter. LSV Asset Management now owns 1,721,741 shares of the company’s stock valued at $91,683,000 after purchasing an additional 69,700 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its holdings in Academy Sports and Outdoors by 1.9% in the 2nd quarter. King Luther Capital Management Corp now owns 1,613,209 shares of the company’s stock valued at $85,903,000 after purchasing an additional 29,912 shares during the period.

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.