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

Peregrine Capital Management LLC reduced its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 8.2% in the 1st quarter, HoldingsChannel reports. The fund owned 152,750 shares of the company’s stock after selling 13,603 shares during the quarter. Peregrine Capital Management LLC’s holdings in Academy Sports and Outdoors were worth $8,623,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Salomon & Ludwin LLC raised its position in shares of Academy Sports and Outdoors by 139.8% during the 4th quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $26,000 after acquiring an additional 281 shares in the last quarter. Huntington National Bank boosted its holdings in Academy Sports and Outdoors by 47.3% in the third quarter. Huntington National Bank now owns 1,015 shares of the company’s stock valued at $51,000 after purchasing an additional 326 shares in the last quarter. Bayforest Capital Ltd purchased a new position in Academy Sports and Outdoors in the fourth quarter valued at approximately $51,000. Advisory Services Network LLC acquired a new stake in Academy Sports and Outdoors during the third quarter worth approximately $61,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Academy Sports and Outdoors by 89.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock worth $62,000 after purchasing an additional 657 shares in the last quarter.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $47.13 on Wednesday. The stock has a market cap 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, Inc. has a twelve month low of $41.29 and a twelve month high of $62.44. The stock has a 50 day moving average of $52.13 and a two-hundred day moving average of $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.

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

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 10.56%.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 4,000 shares of Academy Sports and Outdoors stock in a transaction 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 transaction, the director directly owned 7,835 shares in the company, valued at approximately $470,100. The trade was a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wells Fargo & Company restated a “hold” rating on shares of Academy Sports and Outdoors in a report on Wednesday, June 10th. Guggenheim lifted their price target on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Tuesday, March 17th. Barclays reduced their price target on shares of Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Thursday, June 11th. Finally, Weiss Ratings lowered Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Academy Sports and Outdoors has an average rating of “Moderate Buy” and a consensus price target of $58.94.

About Academy Sports and Outdoors

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.