Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Short Interest Update

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 4,910,000 shares, a decline of 23.2% from the October 15th total of 6,390,000 shares. Currently, 7.1% of the shares of the stock are sold short. Based on an average daily volume of 1,330,000 shares, the days-to-cover ratio is currently 3.7 days.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value of $74,400.00. Following the transaction, the director now owns 8,906 shares in the company, valued at approximately $552,172. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several large investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. acquired a new position in shares of Academy Sports and Outdoors in the third quarter worth $28,000. Headlands Technologies LLC acquired a new position in Academy Sports and Outdoors during the 1st quarter worth $35,000. V Square Quantitative Management LLC purchased a new position in shares of Academy Sports and Outdoors in the 3rd quarter valued at about $40,000. Farther Finance Advisors LLC grew its holdings in Academy Sports and Outdoors by 98.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after acquiring an additional 366 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at $58,000.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ASO shares. Jefferies Financial Group dropped their price target on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. TD Cowen raised their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research note on Wednesday, September 11th. Truist Financial lifted their price target on Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Evercore ISI lowered shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and dropped their price objective for the company from $65.00 to $60.00 in a report on Thursday, October 3rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Academy Sports and Outdoors has a consensus rating of “Moderate Buy” and an average target price of $62.50.

Academy Sports and Outdoors Stock Down 1.1 %

NASDAQ:ASO opened at $49.44 on Thursday. Academy Sports and Outdoors has a 52 week low of $45.47 and a 52 week high of $75.73. The stock’s fifty day moving average is $55.22 and its two-hundred day moving average is $54.49. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 0.96 and a beta of 1.37. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.07. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the business earned $2.01 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. Research analysts anticipate that Academy Sports and Outdoors will post 6.02 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Thursday, September 19th. Academy Sports and Outdoors’s payout ratio is 6.79%.

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.