Short Interest in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Declines By 10.6%
Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Free Report) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 7,760,000 shares, a decline of 10.6% from the November 15th total of 8,680,000 shares. Based on an average daily volume of 1,660,000 shares, the days-to-cover ratio is currently 4.7 days. Currently, 10.6% of the company’s stock are short sold.
Insiders Place Their Bets
In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,065 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $50.00, for a total transaction of $53,250.00. Following the sale, the director now directly owns 10,135 shares of the company’s stock, valued at $506,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Jeffrey C. Tweedy sold 1,065 shares of Academy Sports and Outdoors stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $50.00, for a total transaction of $53,250.00. Following the completion of the sale, the director now owns 10,135 shares of the company’s stock, valued at approximately $506,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey C. Tweedy sold 700 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $46.66, for a total value of $32,662.00. Following the completion of the transaction, the director now directly owns 11,200 shares in the company, valued at approximately $522,592. The disclosure for this sale can be found here. Insiders own 3.56% of the company’s stock.
Institutional Trading of Academy Sports and Outdoors
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC boosted its position in Academy Sports and Outdoors by 139.2% during the 1st quarter. Advisory Services Network LLC now owns 421 shares of the company’s stock valued at $27,000 after buying an additional 245 shares during the period. Twin Tree Management LP bought a new stake in shares of Academy Sports and Outdoors during the second quarter valued at approximately $33,000. Captrust Financial Advisors grew its stake in Academy Sports and Outdoors by 55.0% in the first quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock worth $40,000 after purchasing an additional 357 shares during the period. Tucker Asset Management LLC purchased a new stake in Academy Sports and Outdoors in the first quarter worth about $47,000. Finally, Montag A & Associates Inc. increased its position in Academy Sports and Outdoors by 455.1% during the 2nd quarter. Montag A & Associates Inc. now owns 1,088 shares of the company’s stock valued at $59,000 after buying an additional 892 shares in the last quarter.
Wall Street Analyst Weigh In
ASO has been the topic of a number of recent research reports. Gordon Haskett lowered Academy Sports and Outdoors from an “accumulate” rating to a “hold” rating and lowered their price objective for the stock from $56.00 to $52.00 in a research note on Monday, August 28th. JPMorgan Chase & Co. dropped their target price on shares of Academy Sports and Outdoors from $63.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, November 29th. Morgan Stanley decreased their price objective on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, December 1st. Truist Financial initiated coverage on Academy Sports and Outdoors in a research note on Friday, November 17th. They set a “buy” rating and a $57.00 target price for the company. Finally, B. Riley boosted their price target on Academy Sports and Outdoors from $63.00 to $65.00 in a report on Friday, September 1st. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.62.
Get Our Latest Analysis on ASO
Academy Sports and Outdoors Stock Up 0.3 %
Shares of ASO traded up $0.16 during trading hours on Friday, reaching $61.06. 3,359,728 shares of the stock traded hands, compared to its average volume of 1,611,131. Academy Sports and Outdoors has a 52 week low of $42.83 and a 52 week high of $69.02. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 0.85 and a beta of 1.27. The stock has a fifty day simple moving average of $48.57 and a 200 day simple moving average of $51.02. The company has a current ratio of 1.62, a quick ratio of 0.34 and a debt-to-equity ratio of 0.33.
Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last announced its earnings results on Thursday, November 30th. The company reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.20). The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Academy Sports and Outdoors had a return on equity of 29.74% and a net margin of 8.32%. Academy Sports and Outdoors’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 EPS. On average, equities analysts forecast that Academy Sports and Outdoors will post 6.74 EPS for the current year.
Academy Sports and Outdoors Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 13th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $0.36 annualized dividend and a yield of 0.59%. Academy Sports and Outdoors’s dividend payout ratio is currently 5.56%.
Academy Sports and Outdoors Company Profile (Get Free Report)
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, camping accessories and equipment, sunglasses, backpacks, and sports bags; 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, optics, airguns, and hunting equipment.
Further Reading
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