Academy Sports and Outdoors (NASDAQ:ASO) President Sells 70,303 Shares

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) President Samuel Johnson sold 70,303 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $51.79, for a total value of $3,640,992.37. Following the completion of the transaction, the president directly owned 36,861 shares of the company’s stock, valued at approximately $1,909,031.19. The trade was a 65.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Academy Sports and Outdoors Stock Performance

Shares of ASO traded down $0.02 during trading hours on Wednesday, reaching $50.42. 2,307,137 shares of the company’s stock traded hands, compared to its average volume of 1,576,811. Academy Sports and Outdoors, Inc. has a twelve month low of $41.29 and a twelve month high of $62.44. The business’s fifty day simple moving average is $47.35 and its two-hundred day simple moving average is $51.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 0.35. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 0.76 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 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.24. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. Academy Sports and Outdoors had a net margin of 6.39% and a return on equity of 18.36%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.94 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. Analysts predict that Academy Sports and Outdoors, Inc. will post 6.18 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently commented on ASO shares. Wells Fargo & Company raised Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a report on Thursday, September 10th. JPMorgan Chase & Co. decreased their price target on Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, June 10th. BMO Capital Markets set a $42.00 price target on Academy Sports and Outdoors and gave the company a “market perform” rating in a research report on Thursday, September 10th. Truist Financial boosted their price objective on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “hold” rating in a research note on Thursday, September 10th. Finally, Barclays upped their price objective on Academy Sports and Outdoors from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $58.29.

Institutional Trading of Academy Sports and Outdoors

A number of large investors have recently added to or reduced their stakes in ASO. WINTON GROUP Ltd raised its stake in Academy Sports and Outdoors by 36.7% during the 2nd quarter. WINTON GROUP Ltd now owns 34,477 shares of the company’s stock valued at $1,625,000 after purchasing an additional 9,261 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of Academy Sports and Outdoors in the second quarter valued at $1,332,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Academy Sports and Outdoors in the second quarter worth $104,000. Baird Financial Group Inc. boosted its position in shares of Academy Sports and Outdoors by 4.9% in the second quarter. Baird Financial Group Inc. now owns 274,145 shares of the company’s stock worth $12,920,000 after buying an additional 12,756 shares during the period. Finally, Nykredit A S purchased a new position in shares of Academy Sports and Outdoors during the second quarter valued at $119,000.

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.