Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) Director Jeffrey C. Tweedy sold 625 shares of the firm's stock in a transaction that occurred on 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 directly owns 10,106 shares of the company's stock, valued at $548,250.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Academy Sports and Outdoors Stock Up 0.7 %
NASDAQ:ASO opened at $57.40 on Thursday. The firm has a market capitalization of $4.14 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The stock has a 50 day moving average of $54.08 and a 200-day moving average of $61.20. Academy Sports and Outdoors, Inc. has a 52 week low of $42.83 and a 52 week high of $75.73. The company has a current ratio of 1.62, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25.
Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its earnings results on Tuesday, June 11th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.11). The company had revenue of $1.36 billion for 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%. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $1.19 earnings per share. Analysts predict that Academy Sports and Outdoors, Inc. will post 6.4 EPS for the current year.
Academy Sports and Outdoors Announces Dividend
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Thursday, June 20th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, June 20th. Academy Sports and Outdoors's dividend payout ratio (DPR) is 6.73%.
Hedge Funds Weigh In On Academy Sports and Outdoors
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hunter Perkins Capital Management LLC grew its holdings in Academy Sports and Outdoors by 37.0% in the 2nd quarter. Hunter Perkins Capital Management LLC now owns 18,635 shares of the company's stock worth $992,000 after buying an additional 5,035 shares in the last quarter. AlphaMark Advisors LLC lifted its position in shares of Academy Sports and Outdoors by 17.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 5,412 shares of the company's stock valued at $288,000 after acquiring an additional 799 shares during the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of Academy Sports and Outdoors by 3.6% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 7,673 shares of the company's stock valued at $409,000 after acquiring an additional 269 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Academy Sports and Outdoors by 253.1% during the 2nd quarter. SG Americas Securities LLC now owns 14,757 shares of the company's stock valued at $786,000 after acquiring an additional 10,578 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Academy Sports and Outdoors by 36.9% during the 2nd quarter. CWM LLC now owns 4,284 shares of the company's stock valued at $228,000 after acquiring an additional 1,155 shares during the last quarter.
Wall Street Analyst Weigh In
ASO has been the subject of several recent research reports. Evercore ISI raised their price target on Academy Sports and Outdoors from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, June 20th. UBS Group cut Academy Sports and Outdoors from a "buy" rating to a "neutral" rating and reduced their target price for the company from $81.00 to $58.00 in a report on Wednesday, June 12th. Robert W. Baird reduced their target price on Academy Sports and Outdoors from $80.00 to $68.00 and set an "outperform" rating on the stock in a report on Wednesday, June 12th. TD Cowen reduced their price objective on Academy Sports and Outdoors from $82.00 to $58.00 and set a "buy" rating on the stock in a research note on Wednesday, June 12th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $75.00 price target on shares of Academy Sports and Outdoors in a research note on Tuesday, June 11th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $67.87.
Check Out Our Latest Stock Report on ASO
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.
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