Jeffrey C. Tweedy Sells 1,200 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Stock

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors 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 transaction, the director now directly owns 8,906 shares of the company’s stock, valued at approximately $552,172. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $62.75 on Thursday. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $54.13 and a two-hundred day simple moving average of $57.29. Academy Sports and Outdoors, Inc. has a 1-year low of $42.83 and a 1-year high of $75.73. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 0.94 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.01 EPS. Analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.25 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

Analyst Ratings Changes

A number of research firms have commented on ASO. Evercore ISI raised their price target on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. UBS Group cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $81.00 to $58.00 in a report on Wednesday, June 12th. Morgan Stanley reiterated an “equal weight” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Truist Financial lifted their price objective on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Finally, Wells Fargo & Company lifted their price objective on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.86.

Institutional Trading of Academy Sports and Outdoors

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Verition Fund Management LLC grew its holdings in Academy Sports and Outdoors by 1,014.0% during the 4th quarter. Verition Fund Management LLC now owns 213,542 shares of the company’s stock valued at $14,094,000 after buying an additional 194,373 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Academy Sports and Outdoors by 20.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,010,989 shares of the company’s stock valued at $66,725,000 after acquiring an additional 172,783 shares in the last quarter. UniSuper Management Pty Ltd bought a new stake in Academy Sports and Outdoors during the 1st quarter worth approximately $1,021,000. Point72 Asset Management L.P. lifted its stake in Academy Sports and Outdoors by 36.6% in 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 in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Academy Sports and Outdoors by 75.0% in the 1st quarter. Russell Investments Group Ltd. now owns 39,589 shares of the company’s stock valued at $2,674,000 after purchasing an additional 16,970 shares during the period.

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.