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

Peregrine Capital Management LLC lessened its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 8.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 134,870 shares of the company’s stock after selling 13,019 shares during the quarter. Peregrine Capital Management LLC’s holdings in Academy Sports and Outdoors were worth $7,759,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Harbor Capital Advisors Inc. purchased a new position in Academy Sports and Outdoors in the third quarter valued at about $28,000. TD Private Client Wealth LLC purchased a new position in shares of Academy Sports and Outdoors in the 3rd quarter worth approximately $40,000. Farther Finance Advisors LLC raised its stake in shares of Academy Sports and Outdoors by 98.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after acquiring an additional 366 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Academy Sports and Outdoors by 53.7% during the third quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company’s stock valued at $70,000 after acquiring an additional 421 shares during the last quarter. Finally, KBC Group NV boosted its stake in Academy Sports and Outdoors by 24.3% in the third quarter. KBC Group NV now owns 2,084 shares of the company’s stock valued at $122,000 after acquiring an additional 408 shares in the last quarter.

Academy Sports and Outdoors Stock Down 1.6 %

Shares of ASO opened at $52.69 on Wednesday. The stock’s 50-day moving average price is $55.03 and its 200-day moving average price 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. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 1.04 and a beta of 1.23. Academy Sports and Outdoors, Inc. has a 52 week low of $44.73 and a 52 week high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the business earned $1.38 EPS. Academy Sports and Outdoors’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on ASO. Telsey Advisory Group decreased their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. TD Cowen boosted their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Robert W. Baird decreased their price objective on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Citigroup began coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, December 18th. They set a “buy” rating and a $65.00 target price on the stock. Finally, Truist Financial raised their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of “Hold” and a consensus target price of $61.67.

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.