Brian Marley Sells 3,500 Shares of Academy Sports and Outdoors (NASDAQ:ASO) Stock

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Brian Marley sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $55.01, for a total transaction of $192,535.00. Following the sale, the director owned 39,107 shares in the company, valued at $2,151,276.07. The trade was a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Academy Sports and Outdoors Stock Down 2.0%

Shares of Academy Sports and Outdoors stock opened at $53.67 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 1.71 and a debt-to-equity ratio of 0.22. Academy Sports and Outdoors, Inc. has a 52-week low of $33.34 and a 52-week high of $61.25. The company has a market capitalization of $3.58 billion, a P/E ratio of 9.81, a P/E/G ratio of 1.05 and a beta of 1.30. The company has a 50 day moving average of $48.80 and a 200 day moving average of $49.32.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.08. Academy Sports and Outdoors had a net margin of 6.27% and a return on equity of 18.24%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the firm posted $0.98 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. As a group, research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Thursday, December 18th will be paid a $0.13 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 9.51%.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of hedge funds have recently modified their holdings of the business. Huntington National Bank increased its holdings 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 valued at $31,000 after acquiring an additional 470 shares during the period. Nisa Investment Advisors LLC boosted its stake in Academy Sports and Outdoors by 32.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock worth $51,000 after purchasing an additional 252 shares during the period. Hantz Financial Services Inc. grew its position in Academy Sports and Outdoors by 117.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock worth $56,000 after purchasing an additional 602 shares during the last quarter. Advisory Services Network LLC acquired a new position in Academy Sports and Outdoors in the third quarter valued at $61,000. Finally, EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 657 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ASO shares. Guggenheim reaffirmed a “buy” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research 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. Truist Financial increased their price target on shares of Academy Sports and Outdoors from $50.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, December 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Academy Sports and Outdoors in a report on Monday, December 8th. Finally, Evercore ISI upped their target price on shares of 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. Nine research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $59.42.

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.