Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Jeffrey C. Tweedy Sells 1,200 Shares of Stock

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total transaction of $72,000.00. Following the sale, the director now directly owns 7,870 shares of the company’s stock, valued at approximately $472,200. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Academy Sports and Outdoors Stock Down 0.4 %

Shares of ASO stock opened at $59.06 on Thursday. The stock has a market cap of $4.36 billion, a P/E ratio of 8.79, a PEG ratio of 0.84 and a beta of 1.35. Academy Sports and Outdoors, Inc. has a 52 week low of $42.83 and a 52 week high of $75.73. The company has a quick ratio of 0.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.25. The company’s fifty day simple moving average is $66.55 and its two-hundred day simple moving average is $59.78.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.75%. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, March 25th. Academy Sports and Outdoors’s dividend payout ratio is currently 6.55%.

Institutional Trading of Academy Sports and Outdoors

Several hedge funds have recently made changes to their positions in ASO. Norges Bank purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter valued at about $47,768,000. Point72 Asset Management L.P. raised its position in Academy Sports and Outdoors by 36.6% in the 4th quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock worth $137,878,000 after purchasing an additional 559,414 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in Academy Sports and Outdoors in the 4th quarter worth about $25,933,000. LSV Asset Management raised its position in Academy Sports and Outdoors by 28.4% in the 4th quarter. LSV Asset Management now owns 1,652,541 shares of the company’s stock worth $109,068,000 after purchasing an additional 365,855 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Academy Sports and Outdoors by 953.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 403,467 shares of the company’s stock worth $26,629,000 after purchasing an additional 365,168 shares during the period.

Analyst Upgrades and Downgrades

ASO has been the subject of a number of recent research reports. Wedbush reissued an “outperform” rating and set a $80.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday, April 1st. Wells Fargo & Company cut their price objective on shares of Academy Sports and Outdoors from $88.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. TD Cowen dropped their target price on shares of Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Robert W. Baird upped their target price on shares of Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Finally, Evercore ISI dropped their target price on shares of Academy Sports and Outdoors from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $74.00.

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.