Academy Sports and Outdoors (NASDAQ:ASO) Director Sells $192,535.00 in Stock

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Brian Marley sold 3,500 shares of Academy Sports and Outdoors stock in a transaction on Monday, December 15th. The stock was sold at an average price of $55.01, for a total value of $192,535.00. Following the transaction, the director owned 39,107 shares in the company, valued at approximately $2,151,276.07. This represents a 8.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Academy Sports and Outdoors Trading Down 1.3%

ASO stock traded down $0.74 during midday trading on Monday, hitting $54.76. 1,547,090 shares of the company’s stock were exchanged, compared to its average volume of 1,691,144. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year high of $61.25. The company has a current ratio of 1.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.65 billion, a PE ratio of 10.01, a P/E/G ratio of 1.06 and a beta of 1.30. The business has a 50-day simple moving average of $48.77 and a two-hundred day simple moving average of $49.13.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.08. Academy Sports and Outdoors had a return on equity of 18.24% and a net margin of 6.27%.The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the company earned $0.98 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. On average, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Thursday, December 18th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.9%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 9.51%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. UBS Group boosted their target price on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Bank of America boosted their price objective on Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Evercore ISI raised their target price on Academy Sports and Outdoors from $50.00 to $55.00 and gave the company an “in-line” rating in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Academy Sports and Outdoors in a research note on Monday, December 8th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Tuesday, December 9th. Nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Academy Sports and Outdoors has an average rating of “Hold” and an average price target of $59.42.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Boston Partners raised its position in Academy Sports and Outdoors by 22.1% in the second quarter. Boston Partners now owns 701,806 shares of the company’s stock worth $32,035,000 after acquiring an additional 126,952 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Academy Sports and Outdoors by 35.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 751,872 shares of the company’s stock valued at $34,293,000 after buying an additional 195,490 shares during the last quarter. Magnetar Financial LLC bought a new stake in Academy Sports and Outdoors in the first quarter valued at $1,294,000. Brandywine Global Investment Management LLC acquired a new stake in shares of Academy Sports and Outdoors in the 1st quarter worth approximately $11,396,000. Finally, Bridgeway Capital Management LLC bought a new stake in Academy Sports and Outdoors during the first quarter worth approximately $2,914,000.

Academy Sports and Outdoors Company Profile

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.