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

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) Director Christopher Lee Turner sold 4,400 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $44.48, for a total value of $195,712.00. Following the completion of the transaction, the director owned 7,084 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is available at the SEC website.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO traded down $1.70 during trading on Monday, hitting $44.81. The company had a trading volume of 1,841,539 shares, compared to its average volume of 1,613,177. Academy Sports and Outdoors, Inc. has a fifty-two week low of $33.34 and a fifty-two week high of $64.62. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $42.28 and a two-hundred day simple moving average of $47.27. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 0.86 and a beta of 1.29.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.13). The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.38 billion. Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. Academy Sports and Outdoors's quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 earnings per share. On average, research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 1.16%. Academy Sports and Outdoors's payout ratio is currently 9.56%.

Analysts Set New Price Targets

ASO has been the subject of a number of research reports. Morgan Stanley decreased their target price on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 11th. Telsey Advisory Group reiterated an "outperform" rating and set a $58.00 price objective (down previously from $60.00) on shares of Academy Sports and Outdoors in a research note on Tuesday, June 10th. UBS Group lowered their target price on Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 4th. Jefferies Financial Group set a $60.00 target price on Academy Sports and Outdoors in a report on Thursday, March 20th. Finally, Wells Fargo & Company boosted their price target on Academy Sports and Outdoors from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Academy Sports and Outdoors has an average rating of "Moderate Buy" and an average price target of $56.31.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASO. Fund 1 Investments LLC purchased a new position in shares of Academy Sports and Outdoors in the fourth quarter worth about $4,929,000. Bank of New York Mellon Corp raised its holdings in Academy Sports and Outdoors by 14.6% in the 4th quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company's stock valued at $40,974,000 after acquiring an additional 90,592 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Academy Sports and Outdoors in the 4th quarter worth approximately $1,969,000. Wells Fargo & Company MN boosted its holdings in shares of Academy Sports and Outdoors by 11.4% during the 4th quarter. Wells Fargo & Company MN now owns 216,686 shares of the company's stock worth $12,466,000 after purchasing an additional 22,146 shares during the last quarter. Finally, Pacifica Capital Investments LLC grew its position in shares of Academy Sports and Outdoors by 7.9% in the fourth quarter. Pacifica Capital Investments LLC now owns 400,505 shares of the company's stock valued at $23,041,000 after purchasing an additional 29,410 shares in the last quarter.

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.