Academy Sports and Outdoors Inc. (NASDAQ:ASO) saw a downside of -1.46% to close Tuesday at $39.69 after subtracting -$0.59 on the day. The 5-day average trading volume is 2,017,960 shares of the company’s common stock. It has gained $42.47 in the past week. An average of 3,030,235 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,622,464.
ASO’s 1-month performance is -14.02% or -$6.05 on its low of $38.70 reached on 10/01/21. The company’s shares have touched a 52-week low of $12.80 and high of $47.65, with the stock’s rally to the 52-week high happening on 09/15/21. YTD, ASO has achieved 91.46% or $18.96. However, the current price is down -16.71%% from the 52-week high price.
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On Sep 23, 20 days have gone by since the last insider trading activity for Academy Sports and Outdoors Inc. (ASO). Davis Heather A. (See Remarks) most recently sold 4,684 shares at $43.03 per share on Sep 23. This transaction cost the insider $201,553. 10% Owner, KKR Group Partnership L.P., sold 18,645,602 shares at a price of $43.52 on Sep 17. Then, on Sep 17, 10% Owner KKR 2006 Allstar Blocker L.P. sold 18,645,602 shares at a price of $43.52 per share. This transaction amounted to $811,456,599.
The company’s PE ratio for the last five years has touched a high of 9.273 and a low of 5.369. ASO stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.61 while the price-to-book (PB) in the most recent quarter is 2.54, with the price to cash flow ratio at 6.57.
Academy Sports and Outdoors Inc.’s quick ratio for the period ended July 30 was 0.50, with the current ratio over the same period at 1.50 meaning that ASO stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.47, while the total debt to equity was 0.47. In terms of profitability, the gross margin trailing 12 months is 34.00%. The trailing 12-month EBITDA margin is 9.90% while for the period ending July 30; Academy Sports and Outdoors Inc.’s operating margin was 11.20%. The firm’s gross profit as reported stood at $1.73 billion against revenue of $5.69 billion.
For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ASO to announce $1.42 per share in earnings in its latest quarter, but it posted $2.34, representing a 64.80% surprise. EBITDA for the quarter stood at more than $282.06 million. ASO stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 3.19 billion, with total debt at $1.88 billion. Shareholders hold equity totaling $93.5 million
Let’s look briefly at Academy Sports and Outdoors Inc. (ASO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 36.02% to suggest the stock is trending Neutral, with historical volatility in this time period at 29.91%.
The stock’s 5-day moving average is $40.69, reflecting a -0.60% or -$0.24 change from its current price. ASO is currently trading -12.40% above its 20-day SMA, +16.39% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +7.97% and +97.07% respectively.
Stochastic %K and %D was 30.60% and 40.00% and the average true range (ATR) pointed at 1.53. The RSI (14) points at 40.66%, while the 14-day stochastic is at 21.02% with the period’s ATR at 1.62. The stock’s 9-day MACD Oscillator is pointing at -0.24 and -0.79 on the 14-day charts.
In the most recent analyst report for Academy Sports and Outdoors Inc. (NASDAQ: ASO), UBS reiterated its a Buy rating for the company but lifted their price target by $48 to $52. Analysts offering their rating for ASO stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ASO as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 8 have offered a “buy” rating.
What is ASO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $47.00 and a high of $62.00, with their median price target at $55.00. Looking at these predictions, the average price target given by analysts is for Academy Sports and Outdoors Inc. (ASO) stock is $54.89.