Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Sells $33,906.25 in Stock (2024)

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) Director Jeffrey C. Tweedy sold 625 shares of Academy Sports and Outdoors stock in a transaction on Tuesday, July 16th. The stock was 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 directly owns 10,106 shares of the company's stock, valued at approximately $548,250.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Academy Sports and Outdoors Trading Up 0.7 %

• Academy Sports Stock is Selling at a Discount

Shares of NASDAQ:ASO traded up $0.38 during trading on Wednesday, hitting $57.40. The company had a trading volume of 1,478,196 shares, compared to its average volume of 1,473,932. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Academy Sports and Outdoors, Inc. has a one year low of $42.83 and a one year high of $75.73. The company has a fifty day simple moving average of $54.06 and a two-hundred day simple moving average of $61.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 0.41.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings data on Tuesday, June 11th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.11). The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. Academy Sports and Outdoors's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.19 earnings per share. As a group, equities analysts forecast that Academy Sports and Outdoors, Inc. will post 6.4 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

• How To Find Value Stocks Using This Simple Filtering Method

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Thursday, June 20th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, June 20th. Academy Sports and Outdoors's payout ratio is 6.73%.

Analysts Set New Price Targets

A number of research firms recently commented on ASO. Wells Fargo & Company reiterated an "equal weight" rating and set a $55.00 price objective (down previously from $80.00) on shares of Academy Sports and Outdoors in a research report on Wednesday, June 12th. Morgan Stanley reduced their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 12th. B. Riley restated a "buy" rating and issued a $72.00 price target (up previously from $65.00) on shares of Academy Sports and Outdoors in a research report on Monday, March 25th. Wedbush reduced their price target on Academy Sports and Outdoors from $80.00 to $65.00 and set an "outperform" rating for the company in a research report on Wednesday, June 12th. Finally, Truist Financial reduced their price target on Academy Sports and Outdoors from $75.00 to $73.00 and set a "buy" rating for the company in a research report on Monday, June 10th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $67.87.

• 3 Reasons the Dick’s Sporting Goods Selloff Is a Steal

View Our Latest Stock Report on ASO

Institutional Investors Weigh In On Academy Sports and Outdoors

Several hedge funds and other institutional investors have recently modified their holdings of ASO. Norges Bank purchased a new stake in shares of Academy Sports and Outdoors in the fourth quarter worth approximately $47,768,000. Point72 Asset Management L.P. increased its holdings in Academy Sports and Outdoors by 36.6% during the 4th quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company's stock worth $137,878,000 after purchasing an additional 559,414 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in Academy Sports and Outdoors during the 4th quarter worth $25,933,000. LSV Asset Management increased its holdings in Academy Sports and Outdoors by 28.4% during the 4th quarter. LSV Asset Management now owns 1,652,541 shares of the company's stock worth $109,068,000 after purchasing an additional 365,855 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Academy Sports and Outdoors by 953.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 403,467 shares of the company's stock worth $26,629,000 after purchasing an additional 365,168 shares during the period.

About Academy Sports and Outdoors

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than Academy Sports and Outdoors
• The 3 Best Retail Stocks to Shop for in August
• Real Estate Stock Signals a Boom in Manufacturing Activity
• Dividend Capture Strategy: What You Need to Know
• This Medical Giant's Stock Rebounds: A 15% Upside Is the Minimum
• Profitably Trade Stocks at 52-Week Highs
• Financial Giant's Shares Soar on EPS Beat and Record Asset Levels

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in Academy Sports and Outdoors right now?

Before you consider Academy Sports and Outdoors, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Academy Sports and Outdoors wasn't on the list.

While Academy Sports and Outdoors currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here