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

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

Academy Sports and Outdoors Stock Down 0.4 %

Shares of NASDAQ:ASO traded down $0.21 during trading on Wednesday, hitting $59.06. 855,537 shares of the company were exchanged, compared to its average volume of 1,354,498. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.87 and a quick ratio of 0.51. The firm’s 50 day moving average price is $66.72 and its 200-day moving average price is $59.79. The stock has a market capitalization of $4.36 billion, a P/E ratio of 8.82, a PEG ratio of 0.84 and a beta of 1.35. Academy Sports and Outdoors, Inc. has a 12-month low of $42.83 and a 12-month high of $75.73.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th were issued a dividend of $0.11 per share. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.44 annualized dividend and a dividend yield of 0.75%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.55%.

Institutional Trading of Academy Sports and Outdoors

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Academy Sports and Outdoors by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,655,894 shares of the company’s stock worth $175,290,000 after buying an additional 80,218 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Academy Sports and Outdoors by 36.6% in the fourth quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock valued at $137,878,000 after acquiring an additional 559,414 shares during the period. LSV Asset Management grew its position in shares of Academy Sports and Outdoors by 28.4% during the fourth quarter. LSV Asset Management now owns 1,652,541 shares of the company’s stock worth $109,068,000 after acquiring an additional 365,855 shares during the last quarter. King Luther Capital Management Corp increased its holdings in shares of Academy Sports and Outdoors by 0.7% in the 4th quarter. King Luther Capital Management Corp now owns 1,552,823 shares of the company’s stock valued at $102,486,000 after acquiring an additional 10,900 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Academy Sports and Outdoors by 20.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,010,989 shares of the company’s stock valued at $66,725,000 after purchasing an additional 172,783 shares during the last quarter.

Wall Street Analysts Forecast Growth

ASO has been the subject of a number of analyst reports. Morgan Stanley dropped their price target on Academy Sports and Outdoors from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, March 22nd. JPMorgan Chase & Co. increased their target price 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. Jefferies Financial Group initiated coverage on Academy Sports and Outdoors in a research report on Friday, April 12th. They set a “buy” rating and a $85.00 price target for the company. Telsey Advisory Group decreased their target price on Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, March 21st. Finally, Wedbush restated an “outperform” rating and issued a $80.00 price target on shares of Academy Sports and Outdoors in a research note on Monday, April 1st. Two analysts have rated the stock with a hold rating and eleven have given 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.

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.