Academy Sports and Outdoors, Inc. (NASDAQ:ASO) is Pacifica Capital Investments LLC’s 5th Largest Position

Pacifica Capital Investments LLC increased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 7.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 400,505 shares of the company’s stock after purchasing an additional 29,410 shares during the period. Academy Sports and Outdoors makes up approximately 7.4% of Pacifica Capital Investments LLC’s portfolio, making the stock its 5th largest position. Pacifica Capital Investments LLC owned about 0.58% of Academy Sports and Outdoors worth $23,041,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC purchased a new position in Academy Sports and Outdoors in the third quarter valued at about $40,000. AlphaQuest LLC increased its holdings in Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after buying an additional 496 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after buying an additional 915 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Academy Sports and Outdoors by 242.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock valued at $69,000 after buying an additional 843 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Academy Sports and Outdoors by 14.8% in the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock valued at $151,000 after buying an additional 334 shares in the last quarter.

Academy Sports and Outdoors Stock Down 0.4 %

Shares of ASO opened at $47.23 on Monday. The firm has a market cap of $3.28 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The company’s fifty day moving average is $51.09 and its two-hundred day moving average is $53.15. Academy Sports and Outdoors, Inc. has a fifty-two week low of $43.16 and a fifty-two week high of $68.96. 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 announced its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the business earned $2.21 EPS. Academy Sports and Outdoors’s revenue for the quarter was down 6.6% on a year-over-year basis. Analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Tuesday, March 25th. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 8.54%.

Analyst Upgrades and Downgrades

ASO has been the topic of several research reports. UBS Group lowered their price target on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. Oppenheimer lowered their price target on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday. Robert W. Baird lowered their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday. Wedbush lowered their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price target on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.38.

Academy Sports and Outdoors Company 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.