Peregrine Capital Management LLC Trims Stock Holdings in Academy Sports and Outdoors, Inc. $ASO

Peregrine Capital Management LLC lowered its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 8.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,750 shares of the company’s stock after selling 13,603 shares during the quarter. Peregrine Capital Management LLC owned about 0.24% of Academy Sports and Outdoors worth $8,623,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Junto Capital Management LP acquired a new position in shares of Academy Sports and Outdoors in the 3rd quarter worth approximately $36,567,000. Kingsview Wealth Management LLC acquired a new stake in Academy Sports and Outdoors in the 4th quarter valued at approximately $2,660,000. King Luther Capital Management Corp increased its holdings in Academy Sports and Outdoors by 12.6% in the 4th quarter. King Luther Capital Management Corp now owns 1,573,073 shares of the company’s stock valued at $78,591,000 after purchasing an additional 176,463 shares during the last quarter. Systematic Financial Management LP raised its position in Academy Sports and Outdoors by 22.7% in the fourth quarter. Systematic Financial Management LP now owns 319,748 shares of the company’s stock valued at $15,975,000 after purchasing an additional 59,051 shares during the period. Finally, American Century Companies Inc. raised its position in Academy Sports and Outdoors by 6.1% in the third quarter. American Century Companies Inc. now owns 2,176,853 shares of the company’s stock valued at $108,886,000 after purchasing an additional 125,398 shares during the period.

Analyst Upgrades and Downgrades

ASO has been the subject of several research analyst reports. Stephens assumed coverage on Academy Sports and Outdoors in a research report on Wednesday, May 13th. They set an “overweight” rating and a $78.00 price target for the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Tuesday, March 17th. The Goldman Sachs Group decreased their target price on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, June 10th. Truist Financial lowered their target price on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating for the company in a report on Wednesday, June 10th. Finally, Weiss Ratings downgraded Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.94.

Insiders Place Their Bets

In related news, Director Jeffrey C. Tweedy sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $60.00, for a total value of $240,000.00. Following the sale, the director owned 7,835 shares of the company’s stock, valued at $470,100. This trade represents a 33.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.62% of the stock is currently owned by company insiders.

Academy Sports and Outdoors Stock Up 0.3%

Academy Sports and Outdoors stock opened at $47.13 on Wednesday. Academy Sports and Outdoors, Inc. has a twelve month low of $41.29 and a twelve month high of $62.44. The stock’s fifty day simple moving average is $52.13 and its 200-day simple moving average is $54.81. The company has a current ratio of 1.68, a quick ratio of 0.36 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2.92 billion, a P/E ratio of 8.30, a P/E/G ratio of 0.68 and a beta of 1.04.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business posted $0.76 earnings per share. Academy Sports and Outdoors’s revenue was up 6.7% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. As a group, equities analysts expect that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, June 18th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, June 18th. Academy Sports and Outdoors’s dividend payout ratio is presently 10.56%.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.