Peregrine Capital Management LLC Has $8.31 Million Stock Holdings in Academy Sports and Outdoors, Inc. $ASO

Peregrine Capital Management LLC grew its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 166,353 shares of the company’s stock after buying an additional 17,052 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.25% of Academy Sports and Outdoors worth $8,311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Salomon & Ludwin LLC increased its stake in shares of Academy Sports and Outdoors by 139.8% in the fourth quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock valued at $26,000 after buying an additional 281 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 32.6% in the third quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock valued at $51,000 after buying an additional 252 shares in the last quarter. Huntington National Bank increased its stake in shares of Academy Sports and Outdoors by 47.3% in the third quarter. Huntington National Bank now owns 1,015 shares of the company’s stock valued at $51,000 after buying an additional 326 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Academy Sports and Outdoors in the fourth quarter valued at $51,000. Finally, Hantz Financial Services Inc. increased its stake in shares of Academy Sports and Outdoors by 117.8% in the third quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock valued at $56,000 after buying an additional 602 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ASO shares. Jefferies Financial Group restated a “buy” rating and issued a $61.00 target price on shares of Academy Sports and Outdoors in a research note on Tuesday, March 17th. Wells Fargo & Company raised their target price on Academy Sports and Outdoors from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. JPMorgan Chase & Co. raised their target price on Academy Sports and Outdoors from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, March 18th. Barclays raised their target price on Academy Sports and Outdoors from $49.00 to $55.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Truist Financial set a $54.00 target price on Academy Sports and Outdoors in a research note on Monday. Six analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, Academy Sports and Outdoors presently has an average rating of “Hold” and an average price target of $58.57.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 4,000 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $60.00, for a total value of $240,000.00. Following the transaction, the director owned 7,835 shares in the company, valued at $470,100. This trade represents a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.62% of the stock is currently owned by corporate insiders.

Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock opened at $56.77 on Friday. The business’s 50-day simple moving average is $57.31 and its 200 day simple moving average is $53.71. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 10.21, a P/E/G ratio of 0.90 and a beta of 1.21. Academy Sports and Outdoors, Inc. has a 12-month low of $35.95 and a 12-month high of $62.44. The company has a quick ratio of 0.44, a current ratio of 1.89 and a debt-to-equity ratio of 0.22.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, March 17th. The company reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.08). The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.76 billion. Academy Sports and Outdoors had a net margin of 6.22% and a return on equity of 17.88%. Academy Sports and Outdoors’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 EPS. As a group, research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.95 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 20th were issued a $0.15 dividend. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, March 20th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 10.79%.

About Academy Sports and Outdoors

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.