Christopher Lee Turner Sells 4,400 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Stock

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) Director Christopher Lee Turner sold 4,400 shares of the stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $44.48, for a total value of $195,712.00. Following the completion of the transaction, the director now owns 7,084 shares in the company, valued at $315,096.32. The trade was a 38.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock traded up $0.81 during trading on Friday, hitting $46.51. 2,151,908 shares of the stock were exchanged, compared to its average volume of 1,724,708. The company has a current ratio of 1.52, a quick ratio of 0.29 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average price of $41.94 and a 200-day moving average price of $47.46. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 0.83 and a beta of 1.28. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year high of $64.61.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. The business's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.08 EPS. As a group, equities analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, June 19th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, June 18th. Academy Sports and Outdoors's payout ratio is currently 9.56%.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several institutional investors and hedge funds have recently bought and sold shares of ASO. Your Advocates Ltd. LLP raised its position in shares of Academy Sports and Outdoors by 101.5% in the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock valued at $37,000 after buying an additional 411 shares in the last quarter. AlphaQuest LLC increased its stake in Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after acquiring an additional 496 shares during the last quarter. TD Private Client Wealth LLC raised its position in Academy Sports and Outdoors by 45.6% during the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock valued at $53,000 after purchasing an additional 362 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Academy Sports and Outdoors by 1,307.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock worth $57,000 after purchasing an additional 915 shares during the last quarter. Finally, LGT Financial Advisors LLC boosted its holdings in shares of Academy Sports and Outdoors by 1,041.7% in the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock valued at $63,000 after purchasing an additional 1,000 shares in the last quarter.

Analysts Set New Price Targets

ASO has been the topic of several recent research reports. Morgan Stanley reduced their price target on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 11th. Wells Fargo & Company upped their price target on Academy Sports and Outdoors from $38.00 to $43.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Evercore ISI cut their price objective on Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Truist Financial upped their target price on shares of Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a "hold" rating in a research note on Wednesday, June 11th. Finally, Robert W. Baird dropped their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Academy Sports and Outdoors presently has a consensus rating of "Moderate Buy" and an average target price of $56.31.

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.

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