Pacifica Capital Investments LLC Buys 29,410 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Pacifica Capital Investments LLC grew its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 7.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 400,505 shares of the company's stock after acquiring an additional 29,410 shares during the quarter. Academy Sports and Outdoors accounts for 7.4% of Pacifica Capital Investments LLC's portfolio, making the stock its 5th largest holding. Pacifica Capital Investments LLC owned approximately 0.58% of Academy Sports and Outdoors worth $23,041,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. TD Private Client Wealth LLC bought a new position in Academy Sports and Outdoors during the third quarter valued at about $40,000. AlphaQuest LLC grew its holdings in shares of Academy Sports and Outdoors by 240.8% during the 4th 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 increased its position in shares of Academy Sports and Outdoors by 1,307.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock valued at $57,000 after purchasing an additional 915 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Academy Sports and Outdoors by 242.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock valued at $69,000 after purchasing an additional 843 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Academy Sports and Outdoors by 14.8% in the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company's stock worth $151,000 after purchasing an additional 334 shares during the period.

Remove Ads

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ASO. B. Riley dropped their price objective on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Friday. Truist Financial increased 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 research report on Wednesday, December 11th. Wedbush decreased their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Friday. Morgan Stanley dropped their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating for the company in a report on Friday. Finally, TD Cowen boosted their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $60.38.

Academy Sports and Outdoors Price Performance

NASDAQ:ASO traded up $0.26 during mid-day trading on Tuesday, reaching $50.03. 2,066,554 shares of the company were exchanged, compared to its average volume of 1,539,299. 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 stock has a market cap of $3.47 billion, a PE ratio of 8.22, a PEG ratio of 1.02 and a beta of 1.25. Academy Sports and Outdoors, Inc. has a 12 month low of $43.16 and a 12 month high of $68.96. The company has a fifty day moving average of $50.93 and a 200 day moving average of $53.09.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same period in the prior year, the firm earned $2.21 earnings per share. Academy Sports and Outdoors's revenue was down 6.6% compared to the same quarter last year. On average, research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.04%. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's payout ratio is presently 9.01%.

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.