Stocks of Academy Sports and Outdoors Inc. (NASDAQ:ASO) traded higher last session on Wall Street, up 4.29% to $57.76.
According to the data, Academy Sports and Outdoors Inc. (NASDAQ:ASO) has 16 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $85.00 and a low of $55.00, we find $68.00. Given the previous closing price of $55.39, this indicates a potential upside of 22.77 percent. ASO stock price is now 6.10% away from the 50-day moving average and 6.56% away from the 200-day moving average. The market capitalization of the company currently stands at $4.27B.
A total of 1 analysts have issued a hold rating and 13 have given it a buy rating. Brokers who have rated the stock have averaged $67.44 as their price target over the next twelve months.
With the price target of $63, B. Riley Securities recently initiated with Buy rating for Academy Sports and Outdoors Inc. (NASDAQ: ASO).
In other news, Tweedy Jeffrey C., Director sold 1,065 shares of the company’s stock on Jun 16. The stock was sold for $52,430 at an average price of $49.23. Upon completion of the transaction, the Director now directly owns 12,200 shares in the company, valued at $0.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 12, EVP, Retail Operations Johnson Samuel J sold 60,000 shares of the business’s stock. A total of $3,045,600 was realized by selling the stock at an average price of $50.76. This leaves the insider owning 76,124 shares of the company worth $4.4 million. Insiders disposed of 667,474 shares of company stock worth roughly $38.55 million over the past 1 year. A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ASO stock. A new stake in Academy Sports and Outdoors Inc. shares was purchased by ROTHSCHILD & CO ASSET MANAGEMENT US INC. during the first quarter worth $10,108,000. GREAT LAKES ADVISORS, LLC invested $9,315,000 in shares of ASO during the first quarter. In the first quarter, CIBC PRIVATE WEALTH GROUP, LLC acquired a new stake in Academy Sports and Outdoors Inc. valued at approximately $8,375,000. EMPOWERED FUNDS, LLC acquired a new stake in ASO for approximately $6,766,000. KINGDON CAPITAL MANAGEMENT, L.L.C. purchased a new stake in ASO valued at around $5,777,000 in the second quarter. In total, there are 496 active investors with 108.31% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $55.58 for Academy Sports and Outdoors Inc. (NASDAQ: ASO). During the past 12 months, Academy Sports and Outdoors Inc. has had a low of $37.22 and a high of $69.02. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 1.60, and a quick ratio of 0.30. According to the stock market information, the enterprise value for the company is $5.88B, which is based on a 8.28 price-to-earnings ratio, a 0.75 price-to-earnings-growth ratio, and a beta of 1.16. The fifty day moving average price for ASO is $54.29 and a two-hundred day moving average price translates $54.26 for the stock.
The latest earnings results from Academy Sports and Outdoors Inc. (NASDAQ: ASO) was released for Apr, 2023. According to the Specialty Retail Company, earnings per share came in at $1.3, missing analysts’ expectations of $1.65 by -0.35. This compares to $1.69 EPS in the same period last year. The net profit margin was 9.10% and return on equity was 35.80% for ASO. The company reported revenue of $1.38 billion for the quarter, compared to $1.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.73 percent. For the current quarter, analysts expect ASO to generate $1.58B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/13/2023. Investors who held shares on 06/15/2023 were paid a $0.09 dividend. On an annualized basis, this represents a $0.36 dividend and a 0.62% percent yield. There was an ex-dividend date of 06/14/2023 for this dividend. In terms of dividend payout ratio, ASO is presently at 4.40%.
Academy Sports and Outdoors Inc.(ASO) 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, camping accessories and equipment, sunglasses, backpacks, and sports bags; 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, optics, airguns, and hunting equipment. Its sports and recreation division offers fitness equipment, fitness accessories, and nutrition supplies; team and specialty sports equipment including baseball, football, basketball, soccer, golf, racket sports, and volleyball; recreation products, which includes patio furniture, outdoor cooking, trampolines, play sets, watersports, and pet equipment, as well as wheeled goods including bicycles, skateboards, and other ride-on toys; and electronics, watches, and front-end products, such as consumables, batteries, etc. The company’s apparel division provides range of products, which includes outdoor and seasonal apparel, denim, work apparel, graphic t-shirts, and accessories; boys and girls outdoor, and athletic apparel; sporting and fitness apparel; and professional and collegiate team licensed apparel and accessories. Its footwear division offers casual shoes, slippers, seasonal footwear, and socks; work and western boots, shoes, and hunting footwear; boys and girls athletic footwear; athletic footwear, such as running shoes, athletic lifestyle, and training shoes; and team and specialty sports footwear, and slides. The company sells its products under the Academy Sports + Outdoors, Magellan Outdoors, BCG, O’rageous, Game Winner, Outdoor Gourmet, and Freely brand names. Academy Sports and Outdoors, Inc. was founded in 1938 and is headquartered in Katy, Texas.
