Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Sells $72,000.00 in Stock

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total transaction of $72,000.00. Following the transaction, the director now owns 7,870 shares of the company’s stock, valued at $472,200. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Academy Sports and Outdoors Stock Up 0.0 %

Shares of ASO opened at $59.07 on Friday. Academy Sports and Outdoors, Inc. has a 12 month low of $42.83 and a 12 month high of $75.73. The firm’s 50 day moving average is $66.36 and its 200-day moving average is $59.78. The stock has a market capitalization of $4.36 billion, a PE ratio of 8.79, a P/E/G ratio of 0.86 and a beta of 1.35. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 25th. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 0.74%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 6.55%.

Analysts Set New Price Targets

A number of research firms have recently commented on ASO. Telsey Advisory Group reduced their price objective on shares of Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, March 21st. Morgan Stanley reduced their price objective on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Friday, March 22nd. Jefferies Financial Group began coverage on shares of Academy Sports and Outdoors in a research note on Friday, April 12th. They set a “buy” rating and a $85.00 price objective for the company. Wedbush restated an “outperform” rating and set a $80.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, April 1st. Finally, Evercore ISI cut their target price on shares of Academy Sports and Outdoors from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $73.82.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new position in shares of Academy Sports and Outdoors during the fourth quarter worth approximately $26,000. Future Financial Wealth Managment LLC bought a new position in shares of Academy Sports and Outdoors during the first quarter worth approximately $68,000. EverSource Wealth Advisors LLC increased its stake in Academy Sports and Outdoors by 517.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock valued at $69,000 after acquiring an additional 880 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in Academy Sports and Outdoors in the fourth quarter valued at approximately $73,000. Finally, GAMMA Investing LLC bought a new position in Academy Sports and Outdoors in the fourth quarter valued at approximately $83,000.

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.