Pacifica Capital Investments LLC Sells 7,043 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Pacifica Capital Investments LLC cut its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASOFree Report) by 3.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 218,787 shares of the company’s stock after selling 7,043 shares during the period. Academy Sports and Outdoors makes up approximately 4.6% of Pacifica Capital Investments LLC’s investment portfolio, making the stock its 6th largest position. Pacifica Capital Investments LLC’s holdings in Academy Sports and Outdoors were worth $14,777,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Trust Investment Advisors lifted its position in Academy Sports and Outdoors by 1.2% during the fourth quarter. Trust Investment Advisors now owns 14,792 shares of the company’s stock worth $976,000 after purchasing an additional 172 shares during the period. Meritage Portfolio Management lifted its position in Academy Sports and Outdoors by 2.1% during the fourth quarter. Meritage Portfolio Management now owns 8,337 shares of the company’s stock worth $550,000 after purchasing an additional 174 shares during the period. SkyView Investment Advisors LLC lifted its position in Academy Sports and Outdoors by 14.2% during the third quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company’s stock worth $93,000 after purchasing an additional 245 shares during the period. Cullen Frost Bankers Inc. lifted its position in Academy Sports and Outdoors by 4.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 5,980 shares of the company’s stock worth $395,000 after purchasing an additional 265 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in Academy Sports and Outdoors by 1.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 28,410 shares of the company’s stock worth $1,875,000 after purchasing an additional 276 shares during the period.

Wall Street Analyst Weigh In

ASO has been the subject of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $72.00 price objective (up previously from $65.00) on shares of Academy Sports and Outdoors in a research report on Monday, March 25th. Robert W. Baird dropped their target price on shares of Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. Jefferies Financial Group initiated coverage on shares of Academy Sports and Outdoors in a report on Friday, April 12th. They issued a “buy” rating and a $85.00 target price for the company. Wells Fargo & Company reissued an “equal weight” rating and issued a $55.00 target price (down previously from $80.00) on shares of Academy Sports and Outdoors in a report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $67.87.

Read Our Latest Report on Academy Sports and Outdoors

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total transaction of $72,000.00. Following the completion of the sale, the director now owns 7,870 shares of the company’s stock, valued at approximately $472,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.19% of the company’s stock.

Academy Sports and Outdoors Trading Up 0.5 %

NASDAQ:ASO traded up $0.24 on Wednesday, reaching $52.09. 1,077,182 shares of the stock traded hands, compared to its average volume of 1,467,233. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 7.96, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The company’s 50 day moving average is $54.33 and its 200-day moving average is $61.56. The company has a current ratio of 1.62, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 1-year low of $42.83 and a 1-year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASOGet Free Report) last released its earnings results on Tuesday, June 11th. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.19 EPS. Equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.4 EPS 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 18th. Shareholders of record on Thursday, June 20th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, June 20th. Academy Sports and Outdoors’s dividend payout ratio is presently 6.73%.

Academy Sports and Outdoors Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Academy Sports and Outdoors (NASDAQ:ASO)

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