Academy Sports and Outdoors (NASDAQ:ASO) Director Sells $555,504.00 in Stock

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Brian Marley sold 10,432 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $53.25, for a total value of $555,504.00. Following the completion of the sale, the director directly owned 32,607 shares of the company’s stock, valued at $1,736,322.75. The trade was a 24.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Academy Sports and Outdoors Stock Up 2.5%

Shares of NASDAQ:ASO traded up $1.25 during mid-day trading on Wednesday, hitting $51.69. 568,929 shares of the company traded hands, compared to its average volume of 1,566,797. The firm has a market cap of $3.18 billion, a P/E ratio of 8.62, a PEG ratio of 0.76 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 1.74. Academy Sports and Outdoors, Inc. has a 52-week low of $41.29 and a 52-week high of $62.44. The firm’s 50 day simple moving average is $47.35 and its 200 day simple moving average is $51.47.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Wednesday, September 9th. The company reported $2.31 earnings per share 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 in the prior year, the business earned $1.94 EPS. Academy Sports and Outdoors’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. On average, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.18 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

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

Hedge Funds Weigh In On Academy Sports and Outdoors

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

Analyst Ratings Changes

A number of equities analysts have commented on ASO shares. BMO Capital Markets set a $42.00 price objective on shares of Academy Sports and Outdoors and gave the stock a “market perform” rating in a report on Thursday, September 10th. JPMorgan Chase & Co. dropped their target price on Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 10th. The Goldman Sachs Group cut 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 company an “equal weight” rating in a research note on Thursday, September 10th. Finally, Wells Fargo & Company raised Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a research report on Thursday, September 10th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $58.29.

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.