Peregrine Capital Management LLC Sells 27,607 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Peregrine Capital Management LLC trimmed its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 158,980 shares of the company's stock after selling 27,607 shares during the period. Peregrine Capital Management LLC owned 0.21% of Academy Sports and Outdoors worth $10,493,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its holdings in shares of Academy Sports and Outdoors by 139.2% during the 1st quarter. Advisory Services Network LLC now owns 421 shares of the company's stock valued at $27,000 after acquiring an additional 245 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Academy Sports and Outdoors by 55.0% during the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the company's stock valued at $40,000 after acquiring an additional 357 shares in the last quarter. KB Financial Partners LLC purchased a new position in shares of Academy Sports and Outdoors during the 2nd quarter valued at $84,000. SkyView Investment Advisors LLC purchased a new position in shares of Academy Sports and Outdoors during the 2nd quarter valued at $94,000. Finally, Ronald Blue Trust Inc. grew its holdings in shares of Academy Sports and Outdoors by 449.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,768 shares of the company's stock valued at $84,000 after acquiring an additional 1,446 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ASO. Evercore ISI lifted their price objective on shares of Academy Sports and Outdoors from $75.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, March 22nd. Morgan Stanley reduced their price objective on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set an "equal weight" rating for the company in a research note on Friday, March 22nd. TD Cowen reduced their price objective on shares of Academy Sports and Outdoors from $86.00 to $82.00 and set an "outperform" rating for the company in a research note on Friday, March 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, March 20th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $80.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, April 1st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.81.

Academy Sports and Outdoors Stock Performance

Shares of ASO traded down $1.52 during trading hours on Tuesday, reaching $61.11. 1,437,780 shares of the company traded hands, compared to its average volume of 1,352,159. The stock's fifty day moving average is $68.19 and its 200 day moving average is $58.76. The stock has a market cap of $4.55 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 0.93 and a beta of 1.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 1.87. Academy Sports and Outdoors, Inc. has a 1-year low of $42.83 and a 1-year high of $75.73.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 25th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.72%. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.09. Academy Sports and Outdoors's dividend payout ratio is currently 6.55%.

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, camping accessories and equipment, sunglasses, backpacks, and sports bags; 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, optics, airguns, and hunting equipment.