Peregrine Capital Management LLC Sells 13,019 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Peregrine Capital Management LLC decreased its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 134,870 shares of the company's stock after selling 13,019 shares during the quarter. Peregrine Capital Management LLC owned 0.19% of Academy Sports and Outdoors worth $7,759,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ASO. Geode Capital Management LLC grew its stake in shares of Academy Sports and Outdoors by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company's stock worth $118,092,000 after acquiring an additional 50,715 shares in the last quarter. Citigroup Inc. grew its position in Academy Sports and Outdoors by 66.4% in the 3rd quarter. Citigroup Inc. now owns 95,644 shares of the company's stock worth $5,582,000 after purchasing an additional 38,155 shares in the last quarter. FMR LLC grew its position in Academy Sports and Outdoors by 15.3% in the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company's stock worth $626,755,000 after purchasing an additional 1,422,971 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in Academy Sports and Outdoors by 21.3% in the 3rd quarter. Stephens Investment Management Group LLC now owns 222,468 shares of the company's stock valued at $12,983,000 after buying an additional 39,134 shares during the last quarter. Finally, Qsemble Capital Management LP bought a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $633,000.

Analysts Set New Price Targets

A number of brokerages recently commented on ASO. Citigroup initiated coverage on Academy Sports and Outdoors in a report on Wednesday, December 18th. They set a "buy" rating and a $65.00 price target on the stock. Telsey Advisory Group 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 report on Thursday, December 5th. Truist Financial lifted their price objective 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 reissued an "outperform" rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Finally, Robert W. Baird dropped their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Academy Sports and Outdoors has an average rating of "Hold" and an average target price of $61.67.

Academy Sports and Outdoors Trading Down 1.3 %

Academy Sports and Outdoors stock traded down $0.67 during trading hours on Friday, reaching $50.84. The company had a trading volume of 1,278,181 shares, compared to its average volume of 1,185,159. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. Academy Sports and Outdoors, Inc. has a 12-month low of $44.73 and a 12-month high of $75.73. The company has a 50-day moving average price of $54.86 and a 200 day moving average price of $53.91. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 8.35, a P/E/G ratio of 1.03 and a beta of 1.23.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.30). The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm's quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.38 earnings per share. Equities analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th were paid a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.44 annualized dividend and a dividend yield of 0.87%. Academy Sports and Outdoors's payout ratio is presently 7.22%.

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.