Key Points
- Director Brian Marley sold 17,071 shares of Academy Sports and Outdoors at an average price of $55.31 on Dec. 12, generating about $944,197 and reducing his holding by 28.61% to 42,607 shares (SEC filing).
- The company reported a quarterly EPS beat of $1.14 vs. $1.06, revenue rose 3% year-over-year to $1.38 billion, and management set FY2025 guidance of $5.65–$6.15 EPS.
- Academy declared a quarterly dividend of $0.13 (annualized $0.52, ~0.9% yield), while analysts on average rate the stock a "Hold" with a mean target price of $59.42.
Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) Director Brian Marley sold 3,500 shares of the company's stock in a transaction on Monday, December 15th. The shares were sold at an average price of $55.01, for a total value of $192,535.00. Following the completion of the transaction, the director owned 39,107 shares of the company's stock, valued at $2,151,276.07. This trade represents a 8.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Academy Sports and Outdoors Trading Down 1.3%
NASDAQ ASO opened at $54.76 on Tuesday. The business's fifty day moving average is $48.79 and its 200-day moving average is $49.23. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.71 and a quick ratio of 0.32. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 1.06 and a beta of 1.30. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $61.25.
Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.06 by $0.08. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. Academy Sports and Outdoors had a net margin of 6.27% and a return on equity of 18.24%. The company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. Equities research analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.
Academy Sports and Outdoors Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Thursday, December 18th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, December 18th. This represents a $0.52 annualized dividend and a dividend yield of 0.9%. Academy Sports and Outdoors's dividend payout ratio is presently 9.51%.
Institutional Trading of Academy Sports and Outdoors
Institutional investors and hedge funds have recently bought and sold shares of the company. Huntington National Bank boosted its holdings in Academy Sports and Outdoors by 214.6% in the 2nd quarter. Huntington National Bank now owns 689 shares of the company's stock valued at $31,000 after purchasing an additional 470 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Academy Sports and Outdoors by 32.6% in the third quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company's stock worth $51,000 after buying an additional 252 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Academy Sports and Outdoors by 117.8% during the third quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company's stock valued at $56,000 after buying an additional 602 shares during the period. Advisory Services Network LLC purchased a new position in Academy Sports and Outdoors during the third quarter worth about $61,000. Finally, EverSource Wealth Advisors LLC increased its stake in Academy Sports and Outdoors by 89.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company's stock worth $62,000 after acquiring an additional 657 shares during the last quarter.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on ASO. Wells Fargo & Company restated a "positive" rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Guggenheim reiterated a "buy" rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Monday, September 8th. Telsey Advisory Group restated an "outperform" rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Tuesday, December 9th. UBS Group lifted their price objective on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a research note on Wednesday, December 10th. Finally, Truist Financial boosted their target price on shares of Academy Sports and Outdoors from $50.00 to $57.00 and gave the company a "hold" rating in a report on Wednesday, December 10th. Nine investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $59.42.
Read Our Latest Research Report on Academy Sports and Outdoors
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
