Academy Sports and Outdoors (NASDAQ:ASO) President Samuel Johnson Sells 70,303 Shares of Stock

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) President Samuel Johnson sold 70,303 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $51.79, for a total transaction of $3,640,992.37. Following the completion of the sale, the president directly owned 36,861 shares of the company’s stock, valued at $1,909,031.19. This trade represents a 65.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Academy Sports and Outdoors Stock Down 0.0%

Shares of ASO stock traded down $0.02 during trading on Wednesday, hitting $50.42. 2,307,137 shares of the company were exchanged, compared to its average volume of 1,576,811. The business’s 50-day simple moving average is $47.35 and its 200 day simple moving average is $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 capitalization of $3.10 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 0.76 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 1.74.

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

Academy Sports and Outdoors Dividend Announcement

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

Institutional Investors Weigh In On Academy Sports and Outdoors

Large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Academy Sports and Outdoors in the second quarter valued at about $468,146,000. Canada Pension Plan Investment Board acquired a new position in shares of Academy Sports and Outdoors during the 2nd quarter worth about $61,207,000. Bank of New York Mellon Corp bought a new stake in Academy Sports and Outdoors during the 2nd quarter valued at approximately $27,742,000. Norges Bank bought a new stake in Academy Sports and Outdoors during the 4th quarter valued at approximately $29,301,000. Finally, Heartland Advisors Inc. acquired a new stake in Academy Sports and Outdoors in the 2nd quarter valued at approximately $26,579,000.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group lifted their price objective on Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, September 10th. BMO Capital Markets set a $42.00 target price on Academy Sports and Outdoors and gave the stock a “market perform” rating in a research report on Thursday, September 10th. The Goldman Sachs Group cut their price target on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, June 10th. JPMorgan Chase & Co. reduced their price target on Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, June 10th. Finally, Weiss Ratings cut Academy Sports and Outdoors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Academy Sports and Outdoors presently has an average rating of “Hold” and an average price target of $58.29.

Academy Sports and Outdoors Company Profile

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.