Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Jeffrey C. Tweedy Sells 1,065 Shares

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Jeffrey C. Tweedy sold 1,065 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $50.00, for a total transaction of $53,250.00. Following the transaction, the director now directly owns 10,135 shares in the company, valued at approximately $506,750. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Academy Sports and Outdoors Trading Down 3.0 %

ASO opened at $47.77 on Friday. The business has a fifty day moving average price of $46.51 and a 200 day moving average price of $53.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.68 and a quick ratio of 0.40. Academy Sports and Outdoors, Inc. has a 12 month low of $42.83 and a 12 month high of $69.02. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 0.58 and a beta of 1.28.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Thursday, August 31st. The company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.10. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. Academy Sports and Outdoors had a return on equity of 32.91% and a net margin of 8.71%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.30 earnings per share. Sell-side analysts expect that Academy Sports and Outdoors, Inc. will post 6.89 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 13th were issued a $0.09 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.75%. Academy Sports and Outdoors’s payout ratio is 5.30%.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in Academy Sports and Outdoors by 124.0% in the first quarter. BlackRock Inc. now owns 13,562,648 shares of the company’s stock valued at $534,370,000 after buying an additional 7,507,589 shares in the last quarter. State Street Corp raised its position in shares of Academy Sports and Outdoors by 73.0% during the 1st quarter. State Street Corp now owns 2,834,137 shares of the company’s stock worth $111,872,000 after acquiring an additional 1,196,076 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Academy Sports and Outdoors by 11,157.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,079,773 shares of the company’s stock worth $42,542,000 after purchasing an additional 1,070,181 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Academy Sports and Outdoors by 680.6% in the first quarter. Renaissance Technologies LLC now owns 1,147,500 shares of the company’s stock valued at $45,212,000 after purchasing an additional 1,000,500 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Academy Sports and Outdoors by 11.3% in the first quarter. Vanguard Group Inc. now owns 9,462,337 shares of the company’s stock valued at $372,817,000 after purchasing an additional 958,800 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. UBS Group boosted their target price on shares of Academy Sports and Outdoors from $65.00 to $74.00 in a report on Friday, September 1st. B. Riley raised their target price on Academy Sports and Outdoors from $63.00 to $65.00 in a research note on Friday, September 1st. Telsey Advisory Group restated an “outperform” rating and issued a $72.00 target price on shares of Academy Sports and Outdoors in a research report on Tuesday, October 24th. Truist Financial initiated coverage on Academy Sports and Outdoors in a report on Friday. They set a “buy” rating and a $57.00 price target for the company. Finally, Gordon Haskett downgraded Academy Sports and Outdoors from an “accumulate” rating to a “hold” rating and cut their price objective for the stock from $56.00 to $52.00 in a research report on Monday, August 28th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Academy Sports and Outdoors has an average rating of “Moderate Buy” and a consensus price target of $68.68.

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, camping accessories and equipment, sunglasses, backpacks, and sports bags; 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, optics, airguns, and hunting equipment.