Key Points
- Director Jeffrey Tweedy sold 4,000 shares of Academy Sports & Outdoors on April 16 at an average price of $60 for a $240,000 sale, cutting his stake by 33.8% to 7,835 shares (SEC filing disclosed).
- The company’s latest quarter missed expectations, reporting $1.97 EPS versus a $2.05 consensus and $1.72 billion in revenue (versus $1.76 billion est.), while revenue was up 2.5% year-over-year and the stock trades with a P/E of 10.54 and market cap of about $3.77 billion.
- Dividend was increased to $0.15 quarterly (annualized $0.60, ~1.0% yield), and analysts hold a consensus "Hold" rating with a $58.43 price target (six Buys, eleven Holds among covering analysts).
Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) Director Jeffrey Tweedy sold 4,000 shares of Academy Sports and Outdoors stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $60.00, for a total transaction of $240,000.00. Following the sale, the director directly owned 7,835 shares in the company, valued at $470,100. This trade represents a 33.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Academy Sports and Outdoors Stock Performance
Shares of ASO stock opened at $58.63 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 0.44. The company's fifty day moving average price is $57.35 and its two-hundred day moving average price is $53.55. The firm has a market capitalization of $3.77 billion, a P/E ratio of 10.54, a P/E/G ratio of 0.90 and a beta of 1.21. Academy Sports and Outdoors, Inc. has a 12 month low of $35.95 and a 12 month high of $62.44.
Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its earnings results on Tuesday, March 17th. The company reported $1.97 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.08). Academy Sports and Outdoors had a net margin of 6.22% and a return on equity of 17.88%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the business earned $1.96 earnings per share. The firm's revenue was up 2.5% on a year-over-year basis. On average, research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.
Academy Sports and Outdoors Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 20th were paid a dividend of $0.15 per share. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.13. The ex-dividend date was Friday, March 20th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. Academy Sports and Outdoors's payout ratio is 10.79%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on ASO shares. Wells Fargo & Company upped their target price on Academy Sports and Outdoors from $52.00 to $56.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 8th. Jefferies Financial Group reissued a "buy" rating and set a $61.00 price target on shares of Academy Sports and Outdoors in a research report on Tuesday, March 17th. Morgan Stanley upped their price target on shares of Academy Sports and Outdoors from $52.00 to $55.00 and gave the company an "equal weight" rating in a report on Thursday, January 15th. Telsey Advisory Group reiterated an "outperform" rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, March 17th. Finally, Guggenheim raised their price objective on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, April 8th. Six analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $58.43.
Get Our Latest Research Report on ASO
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Verity Asset Management Inc. raised its stake in Academy Sports and Outdoors by 0.6% during the fourth quarter. Verity Asset Management Inc. now owns 32,788 shares of the company's stock worth $1,638,000 after acquiring an additional 182 shares during the period. Smartleaf Asset Management LLC boosted its stake in Academy Sports and Outdoors by 12.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,742 shares of the company's stock valued at $86,000 after acquiring an additional 188 shares during the period. Cullen Frost Bankers Inc. grew its holdings in shares of Academy Sports and Outdoors by 3.7% during the fourth quarter. Cullen Frost Bankers Inc. now owns 5,599 shares of the company's stock valued at $280,000 after purchasing an additional 202 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Academy Sports and Outdoors by 2.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,464 shares of the company's stock valued at $373,000 after purchasing an additional 202 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Academy Sports and Outdoors by 3.5% during the 4th quarter. CIBC Asset Management Inc now owns 6,721 shares of the company's stock worth $336,000 after purchasing an additional 228 shares during the period.
About Academy Sports and Outdoors
(
Get Free Report)
Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.
The company's product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.
Further Reading
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