Pacifica Capital Investments LLC Acquires 131,444 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Pacifica Capital Investments LLC lifted its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 60.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 350,231 shares of the company’s stock after acquiring an additional 131,444 shares during the quarter. Academy Sports and Outdoors accounts for 6.7% of Pacifica Capital Investments LLC’s holdings, making the stock its 6th biggest position. Pacifica Capital Investments LLC owned approximately 0.49% of Academy Sports and Outdoors worth $18,650,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Academy Sports and Outdoors by 3.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company’s stock worth $548,000 after acquiring an additional 250 shares during the period. Cullen Frost Bankers Inc. grew 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 valued at $395,000 after buying an additional 265 shares during the period. Great Valley Advisor Group Inc. grew its position in Academy Sports and Outdoors by 3.6% during the second quarter. Great Valley Advisor Group Inc. now owns 7,673 shares of the company’s stock valued at $409,000 after buying an additional 269 shares during the period. Janney Montgomery Scott LLC grew 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 valued at $1,875,000 after buying an additional 276 shares during the period. Finally, Moody National Bank Trust Division grew its position in Academy Sports and Outdoors by 2.1% during the first quarter. Moody National Bank Trust Division now owns 13,487 shares of the company’s stock valued at $911,000 after buying an additional 276 shares during the period.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 625 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total transaction of $33,906.25. Following the completion of the transaction, the director now directly owns 10,106 shares in the company, valued at approximately $548,250.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ASO. Telsey Advisory Group restated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Thursday. UBS Group lowered shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and dropped their price target for the company from $81.00 to $58.00 in a research report on Wednesday, June 12th. Morgan Stanley decreased their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 12th. TD Cowen downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “hold” rating and decreased their price objective for the company from $58.00 to $54.00 in a report on Tuesday, August 13th. Finally, Loop Capital reaffirmed a “buy” rating and set a $77.00 price objective on shares of Academy Sports and Outdoors in a report on Monday, July 1st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.93.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO traded up $0.32 during midday trading on Friday, hitting $54.13. The company’s stock had a trading volume of 40,828 shares, compared to its average volume of 1,431,934. The business’s 50 day simple moving average is $53.15 and its 200 day simple moving average is $58.29. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.62. The company has a market cap of $3.90 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 0.95 and a beta of 1.34. Academy Sports and Outdoors, Inc. has a 12-month low of $42.83 and a 12-month high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, June 11th. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.11). Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the business posted $1.19 earnings per share. The business’s quarterly revenue was down 1.4% on a year-over-year basis. On average, analysts forecast that Academy Sports and Outdoors, Inc. will post 6.25 EPS for the current year.

About Academy Sports and Outdoors

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.