Peregrine Capital Management LLC Sells 13,019 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Peregrine Capital Management LLC cut its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,870 shares of the company’s stock after selling 13,019 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.19% of Academy Sports and Outdoors worth $7,759,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FMR LLC boosted its position in shares of Academy Sports and Outdoors by 15.3% during the third quarter. FMR LLC now owns 10,739,463 shares of the company’s stock worth $626,755,000 after acquiring an additional 1,422,971 shares during the last quarter. Stephens Investment Management Group LLC grew its position in shares of Academy Sports and Outdoors by 331.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company’s stock valued at $55,210,000 after purchasing an additional 737,212 shares in the last quarter. Royce & Associates LP grew its position in shares of Academy Sports and Outdoors by 62.5% during the third quarter. Royce & Associates LP now owns 951,256 shares of the company’s stock valued at $55,515,000 after purchasing an additional 365,929 shares in the last quarter. Verition Fund Management LLC increased its holdings in shares of Academy Sports and Outdoors by 203.2% in the third quarter. Verition Fund Management LLC now owns 514,017 shares of the company’s stock worth $29,998,000 after purchasing an additional 344,466 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Academy Sports and Outdoors by 8.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company’s stock valued at $152,413,000 after buying an additional 197,384 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ASO shares. Truist Financial lifted their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. TD Cowen upped their price target on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Citigroup began coverage on shares of Academy Sports and Outdoors in a research note on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price objective for the company. Robert W. Baird decreased their target price on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Finally, Wedbush reiterated an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $61.67.

Academy Sports and Outdoors Stock Performance

ASO stock opened at $52.69 on Wednesday. Academy Sports and Outdoors, Inc. has a twelve month low of $44.73 and a twelve month high of $75.73. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 1.04 and a beta of 1.23. The business’s fifty day simple moving average is $55.03 and its two-hundred day simple moving average is $53.90. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.30). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.38 EPS. Analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th were paid a $0.11 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $0.44 annualized dividend and a yield of 0.84%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 7.22%.

Academy Sports and Outdoors Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.