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Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Rating) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 9,550,000 shares, a decline of 9.2% from the September 15th total of 10,520,000 shares. Currently, 12.2% of the shares of the stock are sold short. Based on an average daily volume of 1,660,000 shares, the days-to-cover ratio is currently 5.8 days. Academy Sports and Outdoors Trading Down 1.7 %

Academy Sports and Outdoors stock traded down $0.76 during midday trading on Friday, hitting $44.08. 1,267,427 shares of the stock were exchanged, compared to its average volume of 1,721,777. The company has a fifty day simple moving average of $45.61 and a two-hundred day simple moving average of $40.46. Academy Sports and Outdoors has a 52 week low of $25.10 and a 52 week high of $51.51. The stock has a market capitalization of $3.51 billion, a PE ratio of 6.12, a P/E/G ratio of 0.66 and a beta of 1.28. The company has a quick ratio of 0.41, a current ratio of 1.58 and a debt-to-equity ratio of 0.45.

Academy Sports and Outdoors (NASDAQ:ASO - Get Rating) last released its quarterly earnings data on Wednesday, September 7th. The company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.23. Academy Sports and Outdoors had a net margin of 9.79% and a return on equity of 44.64%. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the firm earned $2.34 EPS. Academy Sports and Outdoors's quarterly revenue was down 5.9% compared to the same quarter last year. Equities research analysts anticipate that Academy Sports and Outdoors will post 7.14 EPS for the current fiscal year. Academy Sports and Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 13th. Shareholders of record on Thursday, September 15th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Wednesday, September 14th. Academy Sports and Outdoors's payout ratio is currently 4.17%. Insiders Place Their Bets

In other Academy Sports and Outdoors news, EVP Samuel J. Johnson sold 112,000 shares of the business's stock in a transaction on Tuesday, September 13th. 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 owns 132,539 shares of the company's stock, valued at $6,422,839.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.51% of the company's stock. Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Texas Permanent School Fund bought a new position in Academy Sports and Outdoors in the first quarter valued at approximately $2,448,000. Stratos Wealth Partners LTD. lifted its position in shares of Academy Sports and Outdoors by 27.1% in the first quarter. Stratos Wealth Partners LTD. now owns 10,632 shares of the company's stock worth $419,000 after purchasing an additional 2,269 shares in the last quarter. Vise Technologies Inc. bought a new stake in shares of Academy Sports and Outdoors in the first quarter worth $288,000. KBC Group NV bought a new stake in shares of Academy Sports and Outdoors in the second quarter worth $277,000. Finally, Prospera Financial Services Inc bought a new stake in shares of Academy Sports and Outdoors in the first quarter worth $26,000. Institutional investors own 98.01% of the company's stock. Analyst Ratings Changes

Several equities analysts have recently issued reports on ASO shares. Loop Capital started coverage on Academy Sports and Outdoors in a research note on Friday, September 9th. They set a "buy" rating and a $60.00 price target on the stock. UBS Group upped their price target on Academy Sports and Outdoors from $55.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, September 8th. Oppenheimer upped their price target on Academy Sports and Outdoors from $50.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, September 8th. The Goldman Sachs Group upped their price objective on Academy Sports and Outdoors from $47.00 to $53.00 and gave the company a "buy" rating in a report on Monday, September 12th. Finally, Morgan Stanley raised their target price on Academy Sports and Outdoors from $50.00 to $54.00 and gave the stock an "equal weight" rating in a report on Thursday, September 8th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $58.70.About Academy Sports and Outdoors (Get Rating)

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; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.Recommended StoriesGet a free copy of the StockNews.com research report on Academy Sports and Outdoors (ASO)MarketBeat: Week in Review 10/10-10/14Is Taiwan Semiconductor A Good Investment For 2023? Trinseo Gets A Downgrade But That Doesn't Stop It From AdvancingDelta Air Lines Looks Ready To Take OffDoes the Zillow Stock Forecast Hint Toward a Turnaround?

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