Academy Sports & Outdoors, Inc. (NASDAQ:ASO) director Jeffrey C. Tweedy has sold a portion of his holdings in the company, according to a recent filing with the Securities and Exchange Commission. The transaction involved the sale of 1,200 shares at a price of $60 each, totaling $72,000.
The sale, which took place on April 23, 2024, reduced Tweedy's direct ownership in the company to 7,870 shares following the transaction. The filing, signed by Gary Holland as Attorney-in-Fact, was made public on April 24.
This recent sale provides investors with a glimpse into the trading activity of Academy Sports & Outdoors' insiders, offering insights into their perspective on the stock's value. The company, known for retailing a wide range of sports and outdoor goods, operates under the trading symbol ASO on NASDAQ.
Investors often keep a close watch on insider transactions as they can provide valuable signals about the future direction of the stock. However, it's important to consider that insider selling can occur for various reasons and may not always necessarily reflect a negative outlook on the company's future prospects.
As of now, Academy Sports & Outdoors has not issued any official statements regarding the transaction, and it remains one of many factors that investors may consider when evaluating their positions in the company's stock.
InvestingPro Insights
Following the insider trading activity at Academy Sports & Outdoors, Inc. (NASDAQ:ASO), investors are evaluating the company's financial metrics to understand its current market position. According to recent data from InvestingPro, the company boasts a market capitalization of $4.36 billion, with a P/E ratio that stands at 8.61, reflecting a potential value play for investors looking at earnings multiples. The company's P/E ratio has remained stable with an adjusted figure of 8.59 for the last twelve months as of Q4 2024.
Academy Sports & Outdoors has also displayed a strong price performance, with a significant price uptick of 34.95% over the last six months. Despite some volatility in the short term, with a 1-month price total return of -7.72% and a YTD price total return of -10.36%, the long-term outlook based on the past decade suggests a high return for shareholders.
An InvestingPro Tip highlights that while 14 analysts have revised their earnings downwards for the upcoming period, the company is expected to be profitable this year. This is supported by the fact that the company has been profitable over the last twelve months. Additionally, Academy Sports & Outdoors' liquid assets exceed its short-term obligations, which may provide some reassurance to investors concerned about the company's financial health.
For those interested in further insights and metrics, InvestingPro offers additional tips for Academy Sports & Outdoors. By using the coupon code PRONEWS24, investors can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, which includes a comprehensive list of tips to aid in investment decisions. Currently, there are six more InvestingPro Tips available for ASO at https://www.investing.com/pro/ASO.
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