Insider Selling: Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Sells 1,200 Shares of Stock

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

Academy Sports and Outdoors Trading Up 2.8 %

Shares of ASO opened at $62.75 on Thursday. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.94 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66. Academy Sports and Outdoors, Inc. has a fifty-two week low of $42.83 and a fifty-two week high of $75.73. The firm has a 50 day moving average price of $54.13 and a 200-day moving average price of $57.29.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data 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. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the business posted $2.01 EPS. The business’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 6.25 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 19th will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a yield of 0.70%. Academy Sports and Outdoors’s dividend payout ratio is currently 6.73%.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new position in Academy Sports and Outdoors in the 2nd quarter worth $174,054,000. Norges Bank purchased a new stake in Academy Sports and Outdoors during the 4th quarter valued at about $47,768,000. Point72 Asset Management L.P. grew its position in Academy Sports and Outdoors by 36.6% during the 4th quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock valued at $137,878,000 after purchasing an additional 559,414 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Academy Sports and Outdoors by 19.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock valued at $158,147,000 after purchasing an additional 481,640 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Academy Sports and Outdoors by 953.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 403,467 shares of the company’s stock valued at $26,629,000 after purchasing an additional 365,168 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ASO. Wells Fargo & Company upped their price objective on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. Bank of America cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and cut their price target for the stock from $75.00 to $63.00 in a research note on Tuesday, June 11th. UBS Group cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and cut their price target for the stock from $81.00 to $58.00 in a research note on Wednesday, June 12th. Telsey Advisory Group reissued an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. Finally, Robert W. Baird cut their price target on shares of Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Academy Sports and Outdoors presently has a consensus rating of “Moderate Buy” and an average target price of $62.86.

Academy Sports and Outdoors Company 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.