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 shares were sold at an average price of $53.25, for a total value of $555,504.00. Following the transaction, the director directly owned 32,607 shares in the company, valued at $1,736,322.75. This represents a 24.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Academy Sports and Outdoors Trading Down 2.8%

Academy Sports and Outdoors stock opened at $48.29 on Friday. The stock has a 50-day moving average of $47.60 and a two-hundred day moving average of $51.30. 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 one year low of $41.29 and a one year high of $62.44. The stock has a market cap of $2.97 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 0.70 and a beta of 1.02.

Academy Sports and Outdoors (NASDAQ:ASO) last issued 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 business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the firm earned $1.94 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. On average, research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.21 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 Wednesday, October 14th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. Academy Sports and Outdoors’s dividend payout ratio is presently 10.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “hold” rating in a report on Thursday, September 10th. UBS Group raised their target price on Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, September 10th. The Goldman Sachs Group dropped 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. Weiss Ratings lowered Academy Sports and Outdoors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, September 3rd. Finally, Telsey Advisory Group raised their price objective on Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock an “outperform” rating in a research note on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of “Hold” and a consensus target price of $58.29.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Academy Sports and Outdoors during the 2nd quarter valued at about $38,000. EverSource Wealth Advisors LLC boosted its position in Academy Sports and Outdoors by 38.9% during the first quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock worth $52,000 after purchasing an additional 258 shares in the last quarter. State of Wyoming acquired a new stake in Academy Sports and Outdoors in the second quarter valued at approximately $55,000. Clearstead Advisors LLC grew its holdings in Academy Sports and Outdoors by 192.6% in the fourth quarter. Clearstead Advisors LLC now owns 1,311 shares of the company’s stock valued at $65,000 after purchasing an additional 863 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Academy Sports and Outdoors during the 2nd quarter worth approximately $104,000.

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.