Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Holdings Raised by Pacifica Capital Investments LLC

Pacifica Capital Investments LLC increased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 400,505 shares of the company’s stock after buying an additional 29,410 shares during the period. Academy Sports and Outdoors comprises approximately 7.4% of Pacifica Capital Investments LLC’s holdings, making the stock its 5th biggest holding. Pacifica Capital Investments LLC’s holdings in Academy Sports and Outdoors were worth $23,041,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC purchased a new stake in Academy Sports and Outdoors during the 3rd quarter worth $40,000. AlphaQuest LLC increased its stake in 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 buying an additional 496 shares during the period. Parkside Financial Bank & Trust grew its holdings in Academy Sports and Outdoors by 1,307.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock worth $57,000 after acquiring an additional 915 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Academy Sports and Outdoors by 242.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after acquiring an additional 843 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Academy Sports and Outdoors by 14.8% during the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock worth $151,000 after acquiring an additional 334 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ASO. UBS Group decreased their price objective on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th. Telsey Advisory Group reissued an “outperform” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Monday, March 17th. Morgan Stanley decreased their price objective on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday. Wedbush decreased their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Friday. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $60.38.

Academy Sports and Outdoors Trading Down 0.4 %

Academy Sports and Outdoors stock opened at $47.23 on Monday. 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 firm has a 50-day moving average price of $51.09 and a two-hundred day moving average price of $53.15. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 1.02 and a beta of 1.25. Academy Sports and Outdoors, Inc. has a 52-week low of $43.16 and a 52-week high of $68.96.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.14. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. Academy Sports and Outdoors’s revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.21 EPS. Sell-side analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.10%. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, March 25th. Academy Sports and Outdoors’s payout ratio is 8.54%.

Academy Sports and Outdoors Company 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.