Insider Selling: Academy Sports and Outdoors (NASDAQ:ASO) Director Sells $555,504.00 in Stock

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Director Brian Marley sold 10,432 shares of Academy Sports and Outdoors stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $53.25, for a total transaction of $555,504.00. Following the completion of the transaction, the director directly owned 32,607 shares of the company’s stock, valued at $1,736,322.75. This trade represents a 24.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Academy Sports and Outdoors Stock Performance

ASO traded up $1.25 on Wednesday, hitting $51.69. 568,929 shares of the company’s stock were exchanged, compared to its average volume of 1,566,797. The company has a current ratio of 1.74, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average of $47.35 and a two-hundred day moving average of $51.47. Academy Sports and Outdoors, Inc. has a twelve month low of $41.29 and a twelve month high of $62.44. The firm has a market cap of $3.18 billion, a PE ratio of 8.62, a P/E/G ratio of 0.76 and a beta of 1.02.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Wednesday, September 9th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.07 by $0.24. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.65 billion. Academy Sports and Outdoors had a return on equity of 18.36% and a net margin of 6.39%.The business’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.94 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. On average, research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.18 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 16th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, September 16th. Academy Sports and Outdoors’s dividend payout ratio is presently 10.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in Academy Sports and Outdoors by 2.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,464 shares of the company’s stock valued at $373,000 after purchasing an additional 202 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of Academy Sports and Outdoors by 3.7% during the fourth quarter. Cullen Frost Bankers Inc. now owns 5,599 shares of the company’s stock worth $280,000 after buying an additional 202 shares during the period. EverSource Wealth Advisors LLC raised its stake in Academy Sports and Outdoors by 38.9% during the first quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock worth $52,000 after buying an additional 258 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Academy Sports and Outdoors by 2.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 15,284 shares of the company’s stock valued at $764,000 after buying an additional 300 shares during the period. Finally, HB Wealth Management LLC boosted its position in Academy Sports and Outdoors by 9.5% during the second quarter. HB Wealth Management LLC now owns 4,288 shares of the company’s stock valued at $202,000 after acquiring an additional 371 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently commented on ASO shares. Truist Financial upped their price target on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “hold” rating in a research report on Thursday, September 10th. JPMorgan Chase & Co. reduced their price objective on Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, June 10th. Barclays increased their price objective on Academy Sports and Outdoors from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday, September 10th. Weiss Ratings cut Academy Sports and Outdoors from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, September 3rd. Finally, The Goldman Sachs Group cut their target price on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $58.29.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer based in Katy, Texas. The company operates stores and an e-commerce platform serving customers across the southern, southeastern and midwestern United States.

Its merchandise includes sporting goods and equipment, outdoor and adventure products, hunting and fishing gear, athletic and casual footwear, apparel, and related accessories. Academy serves a broad customer base through a value-oriented assortment of national brands and private-label products.

The company traces its history to 1938, when it was founded in San Antonio, Texas, as a small tire shop.