Pacifica Capital Investments LLC Boosts Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Pacifica Capital Investments LLC raised its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 400,505 shares of the company's stock after buying an additional 29,410 shares during the quarter. Academy Sports and Outdoors comprises 7.4% of Pacifica Capital Investments LLC's investment 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. FMR LLC grew its position in Academy Sports and Outdoors by 15.3% during the third quarter. FMR LLC now owns 10,739,463 shares of the company's stock worth $626,755,000 after buying an additional 1,422,971 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Academy Sports and Outdoors in the 4th quarter worth approximately $52,402,000. Stephens Investment Management Group LLC grew its holdings in shares of Academy Sports and Outdoors by 331.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company's stock worth $55,210,000 after purchasing an additional 737,212 shares in the last quarter. American Century Companies Inc. increased its position in shares of Academy Sports and Outdoors by 77.2% during the fourth quarter. American Century Companies Inc. now owns 1,252,699 shares of the company's stock valued at $72,068,000 after purchasing an additional 545,778 shares during the period. Finally, Boston Partners acquired a new stake in Academy Sports and Outdoors during the fourth quarter worth $27,445,000.

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Academy Sports and Outdoors Trading Down 4.6 %

Shares of Academy Sports and Outdoors stock traded down $2.22 on Friday, hitting $46.07. 1,475,195 shares of the company's stock traded hands, compared to its average volume of 1,566,707. Academy Sports and Outdoors, Inc. has a one year low of $43.16 and a one year high of $68.96. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The stock has a market capitalization of $3.20 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The firm's 50-day moving average price is $50.65 and its two-hundred day moving average price is $52.98.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.14. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company's quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.21 earnings per share. On average, research analysts expect 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. Shareholders of record on Tuesday, March 25th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.13%. The ex-dividend date is Tuesday, March 25th. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's dividend payout ratio is presently 9.01%.

Analyst Ratings Changes

A number of equities research analysts recently commented on ASO shares. Jefferies Financial Group set a $60.00 price target on Academy Sports and Outdoors in a research report on Thursday, March 20th. Robert W. Baird reduced their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Morgan Stanley lowered 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 research note on Friday, March 21st. Oppenheimer reduced their price target on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Finally, Truist Financial boosted their target price on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $60.13.

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, 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.