Academy Sports and Outdoors Inc. (NASDAQ:ASO) finished Thursday with an addition of $1.02 to close at $41.92, an upside of 2.49 percent. An average of 2,457,620 shares of common stock have been traded in the last five days. There was a gain of $1.90 in the past week. The last 20 days have seen an average of 3,189,975 shares traded, while the 50-day average volume stands at 2,606,720.
ASO stock has decreased by -3.41% in the last month. The company shares reached their 1-month lowest point of $38.70 on 10/01/21. With the stock rallying to its 52-week high on 09/15/21, shares of the company touched a low of $12.80 and a high of $47.65 in 52 weeks. In spite of this, the price is down -12.03% from the 52-week high.
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15 days have passed since Academy Sports and Outdoors Inc. (ASO) last reported insider trading activity. Davis Heather A., who is See Remarks, most recently acquired $4,684 shares at $43.03 per share on Sep 23. In this transaction, the insider spent $201,553. 10% Owner, KKR Group Partnership L.P., disposed of 18,645,602 shares at a price of $43.52 on Sep 17. The insider now owns more than $811,456,599 worth of shares. Prior to that, 10% Owner KKR 2006 Allstar Blocker L.P. went on to Sale 18,645,602 shares at $43.52 each on Sep 17. An amount of $811,456,599 was transacted.
Academy Sports and Outdoors Inc. (ASO) has a trailing price-to-earnings (P/E) ratio of 7.57, which compares with the 21.00 for the broader industry and 20.37 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Academy Sports and Outdoors Inc.’s PE ratio has ranged between 9.273 and 5.369. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.62, the price-to-book (PB) ratio at 2.68, and the price-to-cash flow ratio at 6.70.
The quick ratio of Academy Sports and Outdoors Inc. for the three months ended July 30 was 0.50, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.47 and a total debt to equity ratio of 0.47 For the recent quarter ending July 30. Academy Sports and Outdoors Inc.’s EBITDA margin for the year ending July 30 is 9.90%, while its operating margin for the same period stands at 11.20%. Its gross profit as reported stood at $1.73 billion compared to revenue of $5.69 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Academy Sports and Outdoors Inc.’s return on assets was 11.10%. For the broader industry, ROE averaged 10.33 over the past year.
The analyst consensus anticipated Academy Sports and Outdoors Inc.’s latest quarter earnings to come in at $1.42 per share, but it turned out to be $2.34, a 64.80% surprise. For the recent quarter, EBITDA amounted to $282.06 million. Shareholders own equity worth $93.5 million.
From a technical analysis perspective, let’s take a brief look at Academy Sports and Outdoors Inc. (ASO) price momentum. RSI 9-day as of the close on 07 October was 51.75%, suggesting the stock is Neutral, with historical volatility in this time frame at 29.84%.
As of today, ASO’s price is $40.68 +4.75% or $1.90 from its 5-day moving average. ASO is currently trading -4.88% lower than its 20-day SMA and +18.55% higher than its 100-day SMA. However, the stock’s current price level is +15.45% above the SMA50 and +125.38% above the SMA200.
The stochastic %K and %D were 36.06% and 24.75%, respectively, and the average true range (ATR) was 1.63. With the 14-day stochastic at 64.02% and the average true range at 1.70, the RSI (14) stands at 50.89%. The stock has reached -0.09 on the 9-day MACD Oscillator while the 14-day reading was at -0.65.
UBS reiterated its a Buy rating on Academy Sports and Outdoors Inc. (NASDAQ: ASO), but raised their price target to $48, indicating a potential price increase of 14.5% for the stock.The consensus rating for Academy Sports and Outdoors Inc. (ASO) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ASO, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 8 others rate it as a “buy”.
What is ASO’s price target for the next 12 months?
Analysts predict a range of price targets between $47.00 and $62.00, with a median target of $55.00. Taking a look at these predictions, the average price target given by analysts for Academy Sports and Outdoors Inc. (ASO) stock is $54.89.