Insider Selling: Academy Sports and Outdoors (NASDAQ:ASO) President Sells $1,380,041.00 in Stock

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) President Samuel Johnson sold 25,580 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $53.95, for a total value of $1,380,041.00. Following the sale, the president owned 107,164 shares in the company, valued at approximately $5,781,497.80. This trade represents a 19.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO opened at $48.29 on Friday. The company has a quick ratio of 0.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. Academy Sports and Outdoors, Inc. has a fifty-two week low of $41.29 and a fifty-two week high of $62.44. The business has a fifty day moving average of $47.60 and a 200-day moving average of $51.30. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 0.70 and a beta of 1.02.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.24. Academy Sports and Outdoors had a return on equity of 18.36% and a net margin of 6.39%.The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the business posted $1.94 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. As a group, analysts predict that Academy Sports and Outdoors, Inc. will post 6.21 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. Academy Sports and Outdoors’s payout ratio is 10.00%.

Analyst Ratings Changes

ASO has been the topic of several recent analyst reports. UBS Group upped their price objective on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, September 10th. Wells Fargo & Company upgraded Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a report on Thursday, September 10th. The Goldman Sachs Group reduced their price target on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, June 10th. Barclays raised their price objective on Academy Sports and Outdoors from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday, September 10th. Finally, Telsey Advisory Group upped their target price on Academy Sports and Outdoors from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $58.29.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Academy Sports and Outdoors in the 2nd quarter valued at $468,146,000. Dimensional Fund Advisors LP grew its stake in shares of Academy Sports and Outdoors by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,029,262 shares of the company’s stock valued at $227,439,000 after buying an additional 71,888 shares during the period. Geode Capital Management LLC increased its holdings in shares of Academy Sports and Outdoors by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 2,006,467 shares of the company’s stock worth $100,261,000 after buying an additional 5,933 shares during the last quarter. King Luther Capital Management Corp increased its holdings in shares of Academy Sports and Outdoors by 12.6% during the 4th quarter. King Luther Capital Management Corp now owns 1,573,073 shares of the company’s stock worth $78,591,000 after buying an additional 176,463 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Academy Sports and Outdoors in the 2nd quarter worth $61,207,000.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer based in Katy, Texas. The company operates stores and an e-commerce platform serving customers across the southern, southeastern and midwestern United States.

Its merchandise includes sporting goods and equipment, outdoor and adventure products, hunting and fishing gear, athletic and casual footwear, apparel, and related accessories. Academy serves a broad customer base through a value-oriented assortment of national brands and private-label products.

The company traces its history to 1938, when it was founded in San Antonio, Texas, as a small tire shop.