Insider Buying: Academy Sports and Outdoors, Inc. (NASDAQ:ASO) CEO Acquires 20,000 Shares of Stock

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) CEO Ken C. Hicks acquired 20,000 shares of the company’s stock in a transaction dated Friday, January 14th. The shares were purchased at an average price of $38.91 per share, for a total transaction of $778,200.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of ASO opened at $38.41 on Friday. The stock has a market capitalization of $3.40 billion, a PE ratio of 5.89, a price-to-earnings-growth ratio of 0.38 and a beta of 1.08. The business’s fifty day moving average price is $43.51 and its 200 day moving average price is $41.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.36 and a quick ratio of 0.35. Academy Sports and Outdoors, Inc. has a 12-month low of $20.31 and a 12-month high of $51.08.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Friday, December 10th. The company reported $1.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.66. Academy Sports and Outdoors had a net margin of 9.47% and a return on equity of 51.38%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The firm’s revenue was up 14.5% compared to the same quarter last year. As a group, research analysts anticipate that Academy Sports and Outdoors, Inc. will post 7 earnings per share for the current fiscal year.

A number of research firms recently weighed in on ASO. Wedbush began coverage on shares of Academy Sports and Outdoors in a report on Monday, October 25th. They set an “outperform” rating and a $54.00 price target for the company. The Goldman Sachs Group raised Academy Sports and Outdoors from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $47.00 to $58.00 in a research report on Tuesday, December 14th. Oppenheimer began coverage on Academy Sports and Outdoors in a report on Tuesday, December 14th. They issued an “outperform” rating for the company. Zacks Investment Research upgraded Academy Sports and Outdoors from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Wednesday, December 15th. Finally, UBS Group increased their target price on Academy Sports and Outdoors from $52.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, December 6th. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $53.55.

Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC increased its position in Academy Sports and Outdoors by 244.4% in the second quarter. FMR LLC now owns 11,277,844 shares of the company’s stock worth $465,099,000 after buying an additional 8,002,911 shares during the period. Vanguard Group Inc. boosted its stake in Academy Sports and Outdoors by 109.8% during the 2nd quarter. Vanguard Group Inc. now owns 5,807,896 shares of the company’s stock valued at $239,518,000 after purchasing an additional 3,040,145 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Academy Sports and Outdoors by 533.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,250,621 shares of the company’s stock valued at $90,070,000 after purchasing an additional 1,895,480 shares during the period. BlackRock Inc. raised its holdings in shares of Academy Sports and Outdoors by 86.0% during the second quarter. BlackRock Inc. now owns 3,898,547 shares of the company’s stock valued at $160,778,000 after buying an additional 1,802,299 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Academy Sports and Outdoors by 1,107.8% during the second quarter. Morgan Stanley now owns 1,706,387 shares of the company’s stock worth $70,370,000 after buying an additional 1,565,102 shares during the period.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; baseball, football, basketball, soccer, golf, racket sports, volleyball, fitness equipment, fitness accessories, and nutrition; and patio equipment, outdoor cooking, wheeled goods, trampolines, play sets, watersports, pet equipment, electronics, and watches.

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Insider Buying and Selling by Quarter for Academy Sports and Outdoors (NASDAQ:ASO)

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