Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Short Interest Down 11.0% in August

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Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) was the beneficiary of a sharp drop in short-term interest during August. As of August 31, there was short interest totaling 9,760,000 shares, a decrease of 11.0% from the total of 10,970,000 shares as of August 15. Based on an average daily trading volume of 1,850,000 shares, the short interest ratio is currently 5.3 days. Currently, 11.6% of the company’s shares are sold short.

Sports and Outdoors Academy Stock Performance

ASO stock opened at $47.16 on Monday. The company’s 50-day moving average price is $44.19 and its two-hundred-day moving average price is $39.13. The company has a current ratio of 1.58, a quick ratio of 0.41 and a debt ratio of 0.45. The company has a market capitalization of $3.76 billion, a PE ratio of 6.55, a P/E/G ratio of 0.70 and a beta of 1.37. Academy Sports and Outdoors has a 1-year minimum of $25.10 and a 1-year maximum of $51.51.

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last released its quarterly results on Wednesday, September 7. The company reported earnings per share (EPS) of $2.30 for the quarter, beating the consensus estimate of $2.07 by $0.23. Academy Sports and Outdoors had a return on equity of 44.64% and a net margin of 9.79%. The company posted revenue of $1.69 billion for the quarter, versus a consensus estimate of $1.70 billion. In the same quarter last year, the company posted EPS of $2.34. The company’s revenue for the quarter decreased 5.9% year over year. As a group, research analysts expect Academy Sports and Outdoors to post earnings per share of 7.08 for the current year.

Sports and Outdoors Academy Dividends Announced

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 13. Shareholders of record on Thursday, September 15 will receive a dividend of $0.075. This represents an annualized dividend of $0.30 and a dividend yield of 0.64%. The ex-dividend date is Wednesday, September 14. The Academy Sports and Outdoors dividend payout ratio is 4.17%.

Insider Buying and Selling at Academy Sports and Outdoors

In other Sports & Outdoors Academy news, Executive Vice President Samuel J. Johnson sold 112,000 shares in a trade on Tuesday, September 13. The stock was sold at an average price of $48.46, for a total value of $5,427,520.00. Following the transaction, the executive vice president now directly owns 132,539 shares of the company, valued at approximately $6,422,839.94. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Company insiders own 3.51% of the company’s shares.

Institutional trade in sports and outdoor academy

Several hedge funds and other institutional investors have recently changed their holdings in ASO. Teacher Retirement System of Texas increased its position in shares of Academy Sports and Outdoors by 69.0% in the fourth quarter. Teacher Retirement System of Texas now owns 16,678 shares of the company valued at $732,000 after acquiring 6,812 additional shares in the last quarter. Rhumbline Advisers increased its position in shares of Academy Sports and Outdoors by 5.0% in the fourth quarter. Rhumbline Advisers now owns 108,698 shares of the company valued at $4,772,000 after acquiring 5,139 additional shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Academy Sports and Outdoors by 180.1% in the fourth quarter. Allianz Asset Management GmbH now owns 422,848 shares of the company valued at $18,563,000 after acquiring an additional 271,864 shares in the last quarter. The Public Employees Retirement Association of Colorado acquired a new stake in Academy Sports and Outdoors stock in the fourth quarter, valued at approximately $471,000. Finally, Ensign Peak Advisors Inc acquired a new stake in shares of Academy Sports and Outdoors in the fourth quarter, valued at approximately $781,000. Institutional investors and hedge funds own 98.01% of the company’s shares.

Analysts set new price targets

Several research analysts have recently published reports on ASO shares. Oppenheimer raised his price target on Academy Sports and Outdoors from $50.00 to $60.00 and gave the stock an “outperform” rating in a Thursday, Sept. 8 research report. Evercore ISI raised its price target on Academy Sports and Outdoors from $55.00 to $60.00 and gave the stock an “outperform” rating in a Thursday, September 8 research report. Goldman Sachs Group raised its price target on Academy Sports and Outdoors from $47.00 to $53.00 and gave the stock a “buy” rating in a Monday, September 12 research report. Wedbush raised its price target on Academy Sports and Outdoors from $50.00 to $57.00 and gave the stock an “outperform” rating in a Thursday, September 8 research report. Finally, Stephens raised his price target on Academy Sports and Outdoors from $70.00 to $72.00 and gave the stock an “overweight” rating in a Wednesday, June 8 research report. One investment analyst gave the stock a hold rating and nine gave the company a buy rating. According to data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and an average target price of $58.70.

About the Sports and Outdoors Academy

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Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a retailer of sporting goods and outdoor recreation products in the United States. The company sells coolers and glasses, camping accessories, camping gear, sunglasses, backpacks and sports bags. marine equipment and fishing rods, reels, bait and equipment; firearms, ammunition, archery and archery equipment, camouflage clothing, waders, shooting accessories, optics, airguns and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racquet sports and volleyball; fitness equipment and accessories and nutritional supplies; and patio furniture, outdoor kitchen, rolling items, trampolines, play sets, water sports and pet equipment, as well as electronics, watches, consumables, batteries, etc.

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