Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Christopher Lee Turner Sells 4,400 Shares

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Christopher Lee Turner sold 4,400 shares of Academy Sports and Outdoors stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $44.48, for a total value of $195,712.00. Following the transaction, the director now owns 7,084 shares in the company, valued at $315,096.32. This trade represents a 38.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Academy Sports and Outdoors Stock Up 1.8%

NASDAQ:ASO opened at $46.51 on Friday. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 0.85 and a beta of 1.28. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.62. The stock’s 50 day moving average price is $42.12 and its two-hundred day moving average price is $47.42. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.13). The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm earned $1.08 EPS. Equities research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, June 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 9.56%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ASO shares. UBS Group cut their price objective on Academy Sports and Outdoors from $54.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, June 4th. Jefferies Financial Group set a $60.00 target price on Academy Sports and Outdoors in a research note on Thursday, March 20th. Bank of America cut their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 11th. Wedbush cut their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. Finally, Loop Capital cut their target price on Academy Sports and Outdoors from $77.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Academy Sports and Outdoors presently has an average rating of “Moderate Buy” and an average target price of $56.31.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Fund 1 Investments LLC acquired a new position in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $4,929,000. Bank of New York Mellon Corp increased its holdings in shares of Academy Sports and Outdoors by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company’s stock worth $40,974,000 after acquiring an additional 90,592 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $1,969,000. Wells Fargo & Company MN increased its holdings in shares of Academy Sports and Outdoors by 11.4% during the 4th quarter. Wells Fargo & Company MN now owns 216,686 shares of the company’s stock worth $12,466,000 after acquiring an additional 22,146 shares during the last quarter. Finally, Pacifica Capital Investments LLC increased its holdings in shares of Academy Sports and Outdoors by 7.9% during the 4th quarter. Pacifica Capital Investments LLC now owns 400,505 shares of the company’s stock worth $23,041,000 after acquiring an additional 29,410 shares during the last quarter.

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.