Sherry L. Harriman Sells 11,686 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Stock

isseyfarran onkworksDecember 11, 2022

10 4 minutes read

Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) SVP Sherry L. Harriman sold 11,686 shares of Academy Sports and Outdoors stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $55.26, for a total value of $645,768.36. Following the completion of the transaction, the senior vice president now owns 1,990 shares in the company, valued at approximately $109,967.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Academy Sports and Outdoors Trading Down 3.7 %

Shares of Academy Sports and Outdoors stock traded down $2.09 during midday trading on Friday, reaching $54.45. The company had a trading volume of 2,419,788 shares, compared to its average volume of 2,315,175. The stock has a fifty day moving average price of $46.20 and a 200 day moving average price of $42.81. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 0.41. The firm has a market cap of $4.34 billion, a PE ratio of 7.96, a P/E/G ratio of 0.85 and a beta of 1.20. Academy Sports and Outdoors, Inc. has a fifty-two week low of $25.10 and a fifty-two week high of $57.57.

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last posted its quarterly earnings data on Wednesday, September 7th. The company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.23. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.70 billion. Academy Sports and Outdoors had a return on equity of 41.27% and a net margin of 9.48%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 earnings per share. On average, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 7.08 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Tuesday, December 20th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, December 19th. Academy Sports and Outdoors’s dividend payout ratio is currently 4.23%.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently made changes to their positions in ASO. Envestnet Asset Management Inc. acquired a new position in Academy Sports and Outdoors in the first quarter valued at approximately $550,000. Prospera Financial Services Inc acquired a new position in Academy Sports and Outdoors in the first quarter valued at approximately $26,000. New York State Common Retirement Fund lifted its stake in Academy Sports and Outdoors by 10.8% in the first quarter. New York State Common Retirement Fund now owns 71,917 shares of the company’s stock valued at $2,834,000 after buying an additional 6,982 shares during the period. Texas Permanent School Fund acquired a new position in Academy Sports and Outdoors in the first quarter valued at approximately $2,448,000. Finally, Teacher Retirement System of Texas lifted its stake in Academy Sports and Outdoors by 2.7% in the first quarter. Teacher Retirement System of Texas now owns 17,136 shares of the company’s stock valued at $675,000 after buying an additional 458 shares during the period. 98.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ASO has been the topic of a number of recent analyst reports. Wedbush lifted their target price on Academy Sports and Outdoors from $57.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday. Oppenheimer lifted their target price on Academy Sports and Outdoors from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, September 8th. UBS Group lifted their price target on Academy Sports and Outdoors from $60.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday. Evercore ISI lifted their price target on Academy Sports and Outdoors from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, September 8th. Finally, The Goldman Sachs Group lifted their price target on Academy Sports and Outdoors from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Monday, September 12th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Academy Sports and Outdoors has an average rating of “Moderate Buy” and an average target price of $63.30.

About Academy Sports and Outdoors

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Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.