Selling Buzz: Academy Sports and Outdoors Inc. [ASO] EVP, Retail Operations Johnson Samuel J sells 112,000 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Academy Sports and Outdoors Inc. shares valued at $5,427,520 were sold by Johnson Samuel J on Sep 13. At $48.46 per share, Johnson Samuel J sold 112,000 shares. The insider’s holdings dropped to 132,539 shares worth approximately $5.96 million following the completion of this transaction.

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Also, RAFF BERYL purchased 3 shares, netting a total of over 113 in proceeds. Following the buying of shares at $39.49 each, the insider now holds 1,503 shares.

Before that, HICKS KEN C had added 20,000 shares to its account. In a trade valued at $778,200, the Chairman, President and CEO bought Academy Sports and Outdoors Inc. shares for $38.91 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $19.83 million.

As published in their initiating research note from Loop Capital on September 09, 2022, Academy Sports and Outdoors Inc. [ASO] has been a Buy and the price target has been revised to $60. This represents a 25.02% premium over Thursday’s closing price. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in mid August. As of May 11, 2022, Truist has initiated its “Buy” rating for ASO. Earlier on December 14, 2021, Goldman upgraded its rating. Their new recommendation was “a Buy” for ASO stock which previously was a “a Neutral”.

Analyzing ASO’s Price Performance

On Thursday, Academy Sports and Outdoors Inc. [NASDAQ: ASO] plunged -2.11% to $44.99. The stock’s lowest price that day was $44.34, but it reached a high of $45.99 in the same session. During the last five days, there has been a drop of approximately -6.37%. Over the course of the year, Academy Sports and Outdoors Inc. shares have jumped approximately 2.48%. Shares of the company reached a 52-week high of $51.51 on 09/12/22 and a 52-week low of $25.10 on 05/25/22. A 50-day SMA is recorded $44.78, while a 200-day SMA reached $39.16. Nevertheless, trading volume fell to 1.57 million shares from 1.34 million shares the previous day.

Support And Resistance Levels for Academy Sports and Outdoors Inc. (ASO)

According to the 24-hour chart, there is a support level at 44.22, which, if violated, would cause prices to drop to 43.46. In the upper region, resistance lies at 45.87. The next price resistance is at 46.76. RSI (Relative Strength Index) is 46.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.03, which suggests the price will decrease in the coming days. Percent R is at 64.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Academy Sports and Outdoors Inc. subject to short interest?

Stocks of Academy Sports and Outdoors Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.79 million shares to 11.49 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 12.28 million shares. A decline of -6.88% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.33 of the overall float, the days-to-cover ratio (short ratio) decline to 5.33.

Which companies own the most shares of Academy Sports and Outdoors Inc. (ASO)?

According to BlackRock Fund Advisors filings, the company currently owns 12,581,000 shares, which is about 14.78% of the total ASO shares outstanding. The investor’s shares have appreciated by 39,073 from its previous 13-F filing of 12541927.0 shares. With the completion of the sale transaction, Fidelity Management & Research Co’s stake is now worth $507,285,697. The Vanguard Group, Inc. acquire a 0.30% interest valued at $402.97 million while SSgA Funds Management, Inc. purchased a 132,717 stake. A total of 966,658 shares of Academy Sports and Outdoors Inc. were bought by Dimensional Fund Advisors LP during the quarter, and 1,883,363 by Fuller & Thaler Asset Management,. In its current portfolio, Geode Capital Management LLC holds 1,741,022 shares valued at $75.0 million.

In terms of Academy Sports and Outdoors Inc. share price expectations, FactSet research, analysts set an average price target of $59.58 in the next 12 months, up nearly 30.55% from the previous closing price of $45.96. Analysts anticipate Academy Sports and Outdoors Inc. stock to reach $76.00 by 2022, with the lowest price target being $53.00. In spite of this, 12 analysts ranked Academy Sports and Outdoors Inc. stock as a Buy at the end of 2022.


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