Academy Sports and Outdoors (NASDAQ:ASO) President Sells $3,640,992.37 in Stock

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) President Samuel Johnson sold 70,303 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $51.79, for a total transaction of $3,640,992.37. Following the completion of the sale, the president directly owned 36,861 shares of the company’s stock, valued at $1,909,031.19. This represents a 65.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Academy Sports and Outdoors Stock Down 2.8%

Academy Sports and Outdoors stock opened at $48.29 on Friday. The company has a market capitalization of $2.97 billion, a P/E ratio of 8.05, a P/E/G ratio of 0.70 and a beta of 1.02. The firm’s fifty day simple moving average is $47.60 and its 200-day simple moving average is $51.30. The company has a current ratio of 1.74, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. Academy Sports and Outdoors, Inc. has a 1-year low of $41.29 and a 1-year high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.24. Academy Sports and Outdoors had a net margin of 6.39% and a return on equity of 18.36%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the company posted $1.94 earnings per share. Academy Sports and Outdoors’s revenue for the quarter was up 3.0% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. Sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 6.21 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 16th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 10.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ASO. Northwestern Mutual Wealth Management Co. bought a new position in Academy Sports and Outdoors in the 2nd quarter valued at $38,000. EverSource Wealth Advisors LLC boosted its stake in Academy Sports and Outdoors by 38.9% in the first quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock worth $52,000 after purchasing an additional 258 shares in the last quarter. State of Wyoming bought a new stake in shares of Academy Sports and Outdoors during the second quarter worth $55,000. Clearstead Advisors LLC grew its holdings in shares of Academy Sports and Outdoors by 192.6% during the fourth quarter. Clearstead Advisors LLC now owns 1,311 shares of the company’s stock worth $65,000 after purchasing an additional 863 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Academy Sports and Outdoors in the second quarter valued at $104,000.

Wall Street Analyst Weigh In

ASO has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their target price on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, June 10th. Truist Financial upped their price target on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “hold” rating in a report on Thursday, September 10th. Telsey Advisory Group upped their target price on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday, September 10th. BMO Capital Markets set a $42.00 price objective on Academy Sports and Outdoors and gave the stock a “market perform” rating in a report on Thursday, September 10th. Finally, Barclays increased their price target on shares of Academy Sports and Outdoors from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $58.29.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer based in Katy, Texas. The company operates stores and an e-commerce platform serving customers across the southern, southeastern and midwestern United States.

Its merchandise includes sporting goods and equipment, outdoor and adventure products, hunting and fishing gear, athletic and casual footwear, apparel, and related accessories. Academy serves a broad customer base through a value-oriented assortment of national brands and private-label products.

The company traces its history to 1938, when it was founded in San Antonio, Texas, as a small tire shop.