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 the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total transaction of $74,400.00. Following the completion of the sale, the director now owns 8,906 shares of the company’s stock, valued at $552,172. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Academy Sports and Outdoors Trading Down 1.5 %

ASO opened at $61.83 on Friday. The firm’s 50 day moving average is $54.13 and its 200-day moving average is $57.29. 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 quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $4.46 billion, a P/E ratio of 9.45, a P/E/G ratio of 0.94 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.07. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.01 EPS. Analysts expect that Academy Sports and Outdoors, Inc. will post 6.25 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a yield of 0.71%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. UBS Group downgraded Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their price target for the company from $81.00 to $58.00 in a research report on Wednesday, June 12th. Evercore ISI raised their price objective on Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Wells Fargo & Company boosted their target price on Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. lowered shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and cut their price target for the company from $76.00 to $53.00 in a report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Academy Sports and Outdoors has a consensus rating of “Moderate Buy” and an average target price of $62.86.

Institutional Investors Weigh In On Academy Sports and Outdoors

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Academy Sports and Outdoors by 3.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company’s stock worth $548,000 after buying an additional 250 shares during the last quarter. Trust Investment Advisors increased its position in shares of Academy Sports and Outdoors by 1.8% in the 2nd quarter. Trust Investment Advisors now owns 15,030 shares of the company’s stock worth $800,000 after purchasing an additional 266 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in shares of Academy Sports and Outdoors by 3.6% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 7,673 shares of the company’s stock worth $409,000 after purchasing an additional 269 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Academy Sports and Outdoors by 1.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 28,410 shares of the company’s stock worth $1,875,000 after purchasing an additional 276 shares during the last quarter. Finally, Moody National Bank Trust Division grew its stake in Academy Sports and Outdoors by 2.1% in the first quarter. Moody National Bank Trust Division now owns 13,487 shares of the company’s stock worth $911,000 after purchasing an additional 276 shares in the last quarter.

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.