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 stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the sale, the director now owns 8,906 shares of the company’s stock, valued at approximately $552,172. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Academy Sports and Outdoors Stock Down 2.4 %

Shares of Academy Sports and Outdoors stock opened at $60.34 on Friday. The company has a fifty day moving average price of $54.43 and a 200 day moving average price of $57.22. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a twelve month low of $42.83 and a twelve month high of $75.73. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 0.94 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.07. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.01 earnings per share. Equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 6.25 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm 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 $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio is currently 6.73%.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at $26,000. Headlands Technologies LLC acquired a new position in Academy Sports and Outdoors in the first quarter worth about $35,000. Future Financial Wealth Managment LLC bought a new stake in Academy Sports and Outdoors in the first quarter valued at about $68,000. EverSource Wealth Advisors LLC raised its stake in Academy Sports and Outdoors by 517.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock valued at $69,000 after buying an additional 880 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in Academy Sports and Outdoors during the 4th quarter worth approximately $73,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $76.00 to $53.00 in a report on Monday, August 5th. UBS Group downgraded Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their target price for the company from $81.00 to $58.00 in a research note on Wednesday, June 12th. Jefferies Financial Group cut their price target on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.86.

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.