Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Christopher Lee Turner Sells 4,400 Shares

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Christopher Lee Turner sold 4,400 shares of the company’s stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $44.48, for a total value of $195,712.00. Following the completion of the transaction, the director now directly owns 7,084 shares in the company, valued at approximately $315,096.32. This represents a 38.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Academy Sports and Outdoors Price Performance

Shares of ASO stock opened at $46.51 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.62. The company has a market cap of $3.09 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.85 and a beta of 1.28. The business has a fifty day simple moving average of $42.12 and a 200 day simple moving average of $47.42.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company earned $1.08 earnings per share. Academy Sports and Outdoors’s quarterly revenue was down .9% compared to the same quarter last year. On average, sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Wednesday, June 18th. Academy Sports and Outdoors’s payout ratio is 9.56%.

Institutional Trading of Academy Sports and Outdoors

A number of hedge funds have recently made changes to their positions in the company. Cullen Frost Bankers Inc. boosted its stake in shares of Academy Sports and Outdoors by 3.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 6,565 shares of the company’s stock valued at $378,000 after purchasing an additional 210 shares in the last quarter. Nichols & Pratt Advisers LLP MA boosted its stake in shares of Academy Sports and Outdoors by 4.7% during the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 5,600 shares of the company’s stock valued at $322,000 after purchasing an additional 250 shares in the last quarter. Xponance Inc. boosted its stake in shares of Academy Sports and Outdoors by 5.7% during the fourth quarter. Xponance Inc. now owns 4,916 shares of the company’s stock valued at $283,000 after purchasing an additional 266 shares in the last quarter. CWM LLC boosted its stake in shares of Academy Sports and Outdoors by 7.3% during the first quarter. CWM LLC now owns 3,888 shares of the company’s stock valued at $177,000 after purchasing an additional 266 shares in the last quarter. Finally, SummerHaven Investment Management LLC boosted its stake in shares of Academy Sports and Outdoors by 1.9% during the first quarter. SummerHaven Investment Management LLC now owns 14,874 shares of the company’s stock valued at $678,000 after purchasing an additional 275 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. B. Riley decreased their price objective on Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Wells Fargo & Company upped their price objective on Academy Sports and Outdoors from $38.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, May 14th. UBS Group decreased their price objective on Academy Sports and Outdoors from $54.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, June 4th. Robert W. Baird decreased their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Finally, Truist Financial upped their price objective on Academy Sports and Outdoors from $45.00 to $47.00 and gave the company a “hold” rating in a report on Wednesday, June 11th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.31.

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.