Insider Selling: Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Sells $33,906.25 in Stock

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Jeffrey C. Tweedy sold 625 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total value of $33,906.25. Following the completion of the sale, the director now owns 10,106 shares of the company’s stock, valued at $548,250.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock opened at $53.70 on Friday. The company has a quick ratio of 0.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The stock has a market cap of $3.87 billion, a P/E ratio of 8.21, a P/E/G ratio of 0.97 and a beta of 1.34. The company’s 50 day moving average price is $54.00 and its two-hundred day moving average price is $61.08. Academy Sports and Outdoors, Inc. has a 52 week low of $42.83 and a 52 week high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, June 11th. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the firm posted $1.19 earnings per share. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. On average, equities analysts predict that Academy Sports and Outdoors, Inc. will post 6.35 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Thursday, June 20th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, June 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.82%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 6.73%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ASO. Public Employees Retirement System of Ohio grew its position in shares of Academy Sports and Outdoors by 9.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 75,737 shares of the company’s stock valued at $3,580,000 after purchasing an additional 6,409 shares in the last quarter. Avalon Capital Management purchased a new position in Academy Sports and Outdoors in the fourth quarter worth $211,000. SG Americas Securities LLC purchased a new position in Academy Sports and Outdoors in the fourth quarter worth $265,000. Raymond James & Associates grew its position in Academy Sports and Outdoors by 14.7% in the fourth quarter. Raymond James & Associates now owns 51,565 shares of the company’s stock worth $3,403,000 after acquiring an additional 6,615 shares in the last quarter. Finally, Tectonic Advisors LLC purchased a new position in Academy Sports and Outdoors in the fourth quarter worth $565,000.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ASO shares. Robert W. Baird reduced their target price on 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. B. Riley restated a “buy” rating and issued a $72.00 target price (up from $65.00) on shares of Academy Sports and Outdoors in a research note on Monday, March 25th. Evercore ISI raised their target price on Academy Sports and Outdoors from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Jefferies Financial Group initiated coverage on shares of Academy Sports and Outdoors in a research report on Friday, April 12th. They issued a “buy” rating and a $85.00 price target on the stock. Finally, Truist Financial dropped their price target on shares of Academy Sports and Outdoors from $75.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, June 10th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and an average target price of $67.87.

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.