Academy Sports and Outdoors (NASDAQ:ASO) Director Brian Marley Sells 17,071 Shares

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Brian Marley sold 17,071 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $55.31, for a total transaction of $944,197.01. Following the transaction, the director owned 42,607 shares in the company, valued at $2,356,593.17. This represents a 28.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Academy Sports and Outdoors Price Performance

Shares of Academy Sports and Outdoors stock traded down $0.74 during mid-day trading on Monday, reaching $54.76. 1,547,090 shares of the stock were exchanged, compared to its average volume of 1,691,144. Academy Sports and Outdoors, Inc. has a fifty-two week low of $33.34 and a fifty-two week high of $61.25. The firm has a 50-day simple moving average of $48.77 and a 200 day simple moving average of $49.13. 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 company has a market cap of $3.65 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 1.06 and a beta of 1.30.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, December 9th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.06 by $0.08. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Academy Sports and Outdoors had a return on equity of 18.24% and a net margin of 6.27%.The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS. 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 declared 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 is Thursday, December 18th. This represents a $0.52 annualized dividend and a dividend yield of 0.9%. Academy Sports and Outdoors’s payout ratio is currently 9.51%.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several institutional investors have recently made changes to their positions in the stock. Huntington National Bank lifted its stake in shares of Academy Sports and Outdoors by 214.6% in the 2nd quarter. Huntington National Bank now owns 689 shares of the company’s stock worth $31,000 after acquiring an additional 470 shares during the period. Nisa Investment Advisors LLC increased its holdings in Academy Sports and Outdoors by 32.6% in the third quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock worth $51,000 after buying an additional 252 shares during the last quarter. Hantz Financial Services Inc. increased its position in Academy Sports and Outdoors by 117.8% during the third quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock worth $56,000 after buying an additional 602 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth about $61,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Academy Sports and Outdoors by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock valued at $62,000 after purchasing an additional 657 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Cowen restated a “hold” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Barclays lifted their price target on Academy Sports and Outdoors from $51.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 10th. Guggenheim reiterated a “buy” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Monday, September 8th. Wells Fargo & Company restated a “positive” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Finally, Truist Financial lifted their price objective on Academy Sports and Outdoors from $50.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, December 10th. Nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of “Hold” and a consensus price target of $59.42.

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.