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

Peregrine Capital Management LLC lowered its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 12.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 149,301 shares of the company’s stock after selling 21,624 shares during the period. Peregrine Capital Management LLC owned about 0.22% of Academy Sports and Outdoors worth $7,468,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Huntington National Bank lifted its position in shares of Academy Sports and Outdoors by 214.6% in the second quarter. Huntington National Bank now owns 689 shares of the company’s stock valued at $31,000 after acquiring an additional 470 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Academy Sports and Outdoors by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock valued at $62,000 after purchasing an additional 657 shares during the period. Strs Ohio purchased a new position in Academy Sports and Outdoors in the 1st quarter worth approximately $128,000. Lazard Asset Management LLC boosted its stake in Academy Sports and Outdoors by 12.4% in the 2nd quarter. Lazard Asset Management LLC now owns 3,270 shares of the company’s stock worth $146,000 after purchasing an additional 360 shares during the period. Finally, Cetera Trust Company N.A boosted its stake in Academy Sports and Outdoors by 22.1% in the 2nd quarter. Cetera Trust Company N.A now owns 3,345 shares of the company’s stock worth $150,000 after purchasing an additional 605 shares during the period.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ:ASO opened at $54.62 on Friday. The firm has a fifty day simple moving average of $49.62 and a two-hundred day simple moving average of $50.35. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $59.49. The company has a quick ratio of 0.32, a current ratio of 1.71 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.64 billion, a P/E ratio of 9.99, a PEG ratio of 1.08 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.08. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. Academy Sports and Outdoors had a net margin of 6.27% and a return on equity of 18.24%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. On average, analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Thursday, December 18th will be issued a $0.13 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. Academy Sports and Outdoors’s payout ratio is 9.51%.

Insider Activity at Academy Sports and Outdoors

In other news, Director Brian T. Marley sold 17,071 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $55.31, for a total transaction of $944,197.01. Following the transaction, the director owned 42,607 shares of the company’s stock, valued at approximately $2,356,593.17. The trade was a 28.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.62% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Evercore ISI lifted their price objective on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the company an “in-line” rating in a research report on Tuesday, October 14th. UBS Group lifted 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 report on Wednesday, December 10th. Truist Financial increased their price objective on shares of Academy Sports and Outdoors from $50.00 to $57.00 and gave the company a “hold” rating in a report on Wednesday, December 10th. Telsey Advisory Group restated an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Tuesday, December 9th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Friday, January 2nd. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.61.

Academy Sports and Outdoors Profile

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.