Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) 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 completion of the transaction, the director now directly owns 7,870 shares of the company's stock, valued at approximately $472,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Academy Sports and Outdoors Trading Down 0.4 %
Shares of NASDAQ ASO opened at $59.06 on Thursday. The company's 50 day simple moving average is $66.55 and its 200 day simple moving average is $59.78. Academy Sports and Outdoors, Inc. has a fifty-two week low of $42.83 and a fifty-two week high of $75.73. The firm has a market capitalization of $4.36 billion, a P/E ratio of 8.79, a P/E/G ratio of 0.84 and a beta of 1.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.87 and a quick ratio of 0.51.
Academy Sports and Outdoors Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Tuesday, March 26th were issued a $0.11 dividend. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Monday, March 25th. Academy Sports and Outdoors's dividend payout ratio is currently 6.55%.
Analyst Upgrades and Downgrades
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ASO has been the topic of several research analyst reports. Wells Fargo & Company decreased their price objective on shares of Academy Sports and Outdoors from $88.00 to $83.00 and set an "overweight" rating on the stock in a research note on Friday, March 22nd. JPMorgan Chase & Co. upped their price objective on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 20th. TD Cowen decreased their price objective on shares of Academy Sports and Outdoors from $86.00 to $82.00 and set an "outperform" rating on the stock in a research note on Friday, March 22nd. Robert W. Baird upped their price objective on shares of Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd. Finally, B. Riley reaffirmed a "buy" rating and set a $72.00 price objective (up from $65.00) on shares of Academy Sports and Outdoors in a research note on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Academy Sports and Outdoors presently has a consensus rating of "Moderate Buy" and an average target price of $74.00.
Check Out Our Latest Analysis on Academy Sports and Outdoors
Hedge Funds Weigh In On Academy Sports and Outdoors
Several large investors have recently bought and sold shares of the business. Trust Investment Advisors lifted its holdings in Academy Sports and Outdoors by 1.2% in the fourth quarter. Trust Investment Advisors now owns 14,792 shares of the company's stock valued at $976,000 after buying an additional 172 shares during the period. Meritage Portfolio Management lifted its holdings in Academy Sports and Outdoors by 2.1% in the fourth quarter. Meritage Portfolio Management now owns 8,337 shares of the company's stock valued at $550,000 after buying an additional 174 shares during the period. SkyView Investment Advisors LLC lifted its holdings in Academy Sports and Outdoors by 14.2% in the third quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company's stock valued at $93,000 after buying an additional 245 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in Academy Sports and Outdoors by 4.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 5,980 shares of the company's stock valued at $395,000 after buying an additional 265 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in Academy Sports and Outdoors by 1.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 28,410 shares of the company's stock worth $1,875,000 after purchasing an additional 276 shares during the period.
About Academy Sports and Outdoors
(
Get Free Report)
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.
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