Davis Heather A. Sells Academy Sports and Outdoors Inc. (ASO) Shares

The stock of Academy Sports and Outdoors Inc. (NASDAQ:ASO) increased by increased by $1.07 on Friday to finish at $43.31, up 2.53 percent. The last five days have seen an average of 1,946,920 shares of common stock traded. 34 times new highs were reached in the current year, with a gain of $22.58. The average number of shares traded over the last 20 days was 1,967,325, while the average volume over the last 50 days totaled 2,611,170.

ASO stock appreciated 2.41% since last month. On 10/01/21, the company’s shares reached a one-month low of $38.70. The stock touched a high of $47.65 on 09/15/21, after rallying from a low of $14.14 in 52 weeks. The price of ASO stock has risen by 108.92% or $22.58 this year, reaching a new high 34 times. Still, the stock price is down -9.11% from the 52-week high.

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Insider Transactions

There have been 32 days since Academy Sports and Outdoors Inc. (ASO) last reported insider trading activity on Sep 23. On Sep 23, See Remarks Davis Heather A. sold 4,684 shares at $43.03 each. This transaction resulted in the insider making $201,553. On Sep 17, KKR Group Partnership L.P. sold 18,645,602 shares at a price of US$43.52. After the transaction, the insider now owns 0 shares. 10% Owner KKR 2006 Allstar Blocker L.P. had earlier sold 18,645,602 shares on Sep 17 for $43.52 a share. The transaction was completed for $811,456,599.

Valuation Metrics

Academy Sports and Outdoors Inc. (ASO) has a trailing price-to-earnings (P/E) ratio of 7.82. This level actually compares favorably with the industry at large, as the PE for the Specialty Retail industry stands at about 22.04. Further, its PE also compares favorably with the Consumer Cyclical sector’s trailing 12 months PE ratio, which comes in at 32.04 right now. The PE ratio of Academy Sports and Outdoors Inc. has varied between 9.273 and 5.369 in the last five years. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.63, the price-to-book (PB) ratio of 2.77, and the price-to-cash flow ratio of 6.78.

For the three months ended July 30, Academy Sports and Outdoors Inc.’s quick ratio was 0.50, while its current ratio was 1.50, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending July 30 is 0.47, and the total debt to equity ratio is 0.47. As far as profitability goes, gross margin for the trailing twelve months is 34.00% percent. Academy Sports and Outdoors Inc.’s EBITDA margin for the year ended July 30 was 9.90%, whereas its operating margin stood at 11.20% for the same period. Based on annual data, it had gross profit of $1.73 billion and revenue of $5.69 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ASO’s return on assets (ROA) during the last 12 months has been 11.10%. There was a 20.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 42.80%. ROE has averaged 10.33 in the past year for the broader industry.

Earnings Surprise

According to Academy Sports and Outdoors Inc.’s quarterly financial report for the quarter that ended July 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.79 billion, while revenues rose by 45.69% to $1.58 billion. It was predicted that Academy Sports and Outdoors Inc.’s quarterly earnings would be $2.34, but it ended up being $1.42, beating the consensus by 64.80%. EBITDA was $282.06 million for the quarter. At the end of Academy Sports and Outdoors Inc.’s most recent quarter ended July 30, its liabilities totaled 3.19 billion, while its total debt was $2.0 billion. Equity owned by shareholders amounts to $93.5 million.

Technical Picture

Here’s a quick look at Academy Sports and Outdoors Inc.’s (ASO) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 66.01%, suggesting the stock is Neutral, with a 24.86% historical volatility rate.

The stochastic %K and %D were 74.91% and 68.49% respectively, while the average true range (ATR) was 1.74. Based on the 14-day stochastic reading of 87.56%, the RSI (14) reading is 59.77%. On the 9-day MACD Oscillator, the stock is at 1.10, and the 14-day reading is at 1.28.

Analyst Ratings

In its analyst report released on October 19, 2021, Oppenheimer began covering Academy Sports and Outdoors Inc. (NASDAQ: ASO). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Academy Sports and Outdoors Inc. (ASO) an Buy rating. ASO is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 8 others recommend it as a buy.

What is ASO’s price target for the next 12 months?

The current consensus forecast for the stock is between $47.00 and $62.00, with a median target price of $54.00. In analyzing these forecasts, the average price target given by analysts for Academy Sports and Outdoors Inc. (ASO) is $54.40.


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