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

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

Academy Sports and Outdoors Trading Down 0.4 %

ASO traded down $0.21 during trading on Wednesday, reaching $59.06. The company had a trading volume of 855,537 shares, compared to its average volume of 1,354,498. The firm’s 50-day simple moving average is $66.72 and its 200 day simple moving average is $59.79. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 0.84 and a beta of 1.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 1.87. 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 declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.75%. This is a positive change 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 payout ratio is currently 6.55%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ASO shares. JPMorgan Chase & Co. increased their price objective 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. Wells Fargo & Company dropped their target price on Academy Sports and Outdoors from $88.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Telsey Advisory Group reduced their target price on shares of Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, March 21st. Evercore ISI decreased their price objective on 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. Finally, TD Cowen reduced their price target on Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $74.00.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of hedge funds have recently added to or reduced their stakes in ASO. Hennessy Advisors Inc. raised its holdings in shares of Academy Sports and Outdoors by 29.7% during the 3rd quarter. Hennessy Advisors Inc. now owns 438,300 shares of the company’s stock valued at $20,718,000 after purchasing an additional 100,300 shares in the last quarter. Voss Capital LLC raised its stake in shares of Academy Sports and Outdoors by 5.9% in the 3rd quarter. Voss Capital LLC now owns 710,000 shares of the company’s stock valued at $33,562,000 after acquiring an additional 39,258 shares in the last quarter. Hunter Perkins Capital Management LLC acquired a new position in Academy Sports and Outdoors during the third quarter valued at approximately $359,000. Commonwealth Equity Services LLC lifted its stake in shares of Academy Sports and Outdoors by 13.7% in the third quarter. Commonwealth Equity Services LLC now owns 9,497 shares of the company’s stock worth $449,000 after buying an additional 1,145 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Academy Sports and Outdoors by 6.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 39,639 shares of the company’s stock worth $1,874,000 after buying an additional 2,273 shares during the period.

Academy Sports and Outdoors Company Profile

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.