Jeffrey C. Tweedy Sells 1,200 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Stock

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total value of $72,000.00. Following the sale, the director now directly owns 7,870 shares of the company’s stock, valued at approximately $472,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Academy Sports and Outdoors Trading Up 0.0 %

Shares of NASDAQ ASO opened at $59.07 on Friday. The stock’s 50 day moving average price is $66.36 and its two-hundred day moving average price is $59.78. Academy Sports and Outdoors, Inc. has a 52-week low of $42.83 and a 52-week high of $75.73. The stock has a market capitalization of $4.36 billion, a P/E ratio of 8.79, a PEG ratio of 0.86 and a beta of 1.35. The company has a quick ratio of 0.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.44 annualized dividend and a yield of 0.74%. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. Academy Sports and Outdoors’s dividend payout ratio is presently 6.55%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ASO shares. Jefferies Financial Group started coverage on Academy Sports and Outdoors in a research report on Friday, April 12th. They set a “buy” rating and a $85.00 price target for the company. TD Cowen decreased their target price on Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Morgan Stanley decreased their target price on Academy Sports and Outdoors from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, March 22nd. B. Riley reaffirmed a “buy” rating and issued a $72.00 target price (up previously from $65.00) on shares of Academy Sports and Outdoors in a research report on Monday, March 25th. Finally, JPMorgan Chase & Co. upped their target price on Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.82.

Institutional Trading of Academy Sports and Outdoors

Institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $26,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Academy Sports and Outdoors during the 1st quarter worth approximately $68,000. EverSource Wealth Advisors LLC raised its position in shares of Academy Sports and Outdoors by 517.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock worth $69,000 after purchasing an additional 880 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $73,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $83,000.

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.