Peregrine Capital Management LLC Has $7.02 Million Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Peregrine Capital Management LLC boosted its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 14.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,807 shares of the company's stock after acquiring an additional 18,937 shares during the quarter. Peregrine Capital Management LLC owned 0.23% of Academy Sports and Outdoors worth $7,015,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. AlphaQuest LLC grew its stake in shares of Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company's stock worth $40,000 after purchasing an additional 496 shares in the last quarter. Parkside Financial Bank & Trust lifted 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 worth $57,000 after purchasing an additional 915 shares during the period. LGT Financial Advisors LLC grew its position in Academy Sports and Outdoors by 1,041.7% in the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock valued at $63,000 after buying an additional 1,000 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Academy Sports and Outdoors by 242.9% in the 4th 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, Sterling Capital Management LLC increased its stake in Academy Sports and Outdoors by 724.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,625 shares of the company's stock valued at $93,000 after buying an additional 1,428 shares during the period.

Analysts Set New Price Targets

ASO has been the subject of a number of research analyst reports. Robert W. Baird reduced their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Truist Financial boosted their target price on Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a "hold" rating in a report on Wednesday, June 11th. Evercore ISI decreased their price target on Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Jefferies Financial Group set a $60.00 price target on Academy Sports and Outdoors in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. boosted their price objective on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $56.31.

Academy Sports and Outdoors Trading Down 0.4%

Shares of NASDAQ:ASO traded down $0.20 during midday trading on Friday, reaching $47.22. The company had a trading volume of 577,470 shares, compared to its average volume of 1,610,770. The company has a fifty day simple moving average of $43.04 and a two-hundred day simple moving average of $47.15. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 0.88 and a beta of 1.29. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year high of $64.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its earnings results on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business earned $1.08 earnings per share. The business's quarterly revenue was down .9% compared to the same quarter last year. Research analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.10%. The ex-dividend date is Wednesday, June 18th. Academy Sports and Outdoors's payout ratio is 9.56%.

Insider Transactions at Academy Sports and Outdoors

In other news, Director Christopher Lee Turner sold 4,400 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $44.48, for a total value of $195,712.00. Following the completion of the sale, the director owned 7,084 shares in the company, valued at $315,096.32. This represents a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.62% of the stock is currently owned by company insiders.

About Academy Sports and Outdoors

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.