The Insider Activity Of Academy Sports and Outdoors Inc. (ASO) Is Worth Monitoring

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Academy Sports and Outdoors Inc. (NASDAQ:ASO) traded with a subtraction of -$1.36 to $44.60 on Thursday, a downside of -2.97 percent. An average of 1,507,535 shares of common stock have been traded in the last five days. There was a fall of -$3.50 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 1,915,109 shares traded, while the 50-day average volume stands at 1,613,556.

ASO stock has increased by 1.35% in the last month. The company shares reached their 1-month lowest point of $41.44 on 09/06/22. With the stock rallying to its 52-week high on 09/12/22, shares of the company touched a low of $25.10 and a high of $51.51 in 52 weeks. It has reached a new high 7 times so far this year and achieved 4.69% or $0.65 in price. In spite of this, the price is down -13.42% from the 52-week high.


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Insider Transactions

9 days have passed since Academy Sports and Outdoors Inc. (ASO) last reported insider trading activity. Johnson Samuel J, who is EVP, Retail Operations, most recently acquired $112,000 shares at $48.46 per share on Sep 13. In this transaction, the insider spent $5,427,520. SVP & CHRO, Ennis William S., disposed of 95,404 shares at a price of $49.70 on Nov 18. The insider now owns more than $4,741,772 worth of shares. Prior to that, EVP & CMO Lawrence Steven Paul went on to Sale 42,026 shares at $48.19 each on Nov 17. An amount of $2,025,203 was transacted.

Valuation Metrics

Academy Sports and Outdoors Inc. (ASO) has a trailing price-to-earnings (P/E) ratio of 6.39. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.57, the price-to-book (PB) ratio at 2.51, and the price-to-cash flow ratio at 8.82.

Financial Health

The quick ratio of Academy Sports and Outdoors Inc. for the three months ended April 29 was 0.40, and the current ratio was 1.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.45 and a total debt to equity ratio of 0.45 for the quarter ending April 29. Its gross profit as reported stood at $2.35 billion compared to revenue of $6.77 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 13.80%.

Earnings Surprise

For the three-month period that ended April 29, Academy Sports and Outdoors Inc. had $683.07 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $188.8 million in the quarter, while revenues of $149.81 million were shrunk -0.91%. The analyst consensus anticipated Academy Sports and Outdoors Inc.’s latest quarter earnings to come in at $1.41 per share, but it turned out to be $1.73, a 22.70% surprise. For the quarter, EBITDA amounted to $283.78 million. Shareholders own equity worth $79.74 million.

Technical Picture

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 21 September was 39.22%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.60%.

As of today, ASO’s price is $46.63 -7.28% or -$3.50 from its 5-day moving average. ASO is currently trading -1.42% lower than its 20-day SMA and +19.25% higher than its 100-day SMA. However, the stock’s current price level is +14.97% above the SMA50 and +6.27% above the SMA200.

The stochastic %K and %D were 44.11% and 53.77%, respectively, and the average true range (ATR) was 1.93. With the 14-day stochastic at 30.90% and the average true range at 1.92, the RSI (14) stands at 45.03%. The stock has reached -1.69 on the 9-day MACD Oscillator while the 14-day reading was at -1.15.

Analyst Ratings

Loop Capital launched coverage on Academy Sports and Outdoors Inc. (NASDAQ: ASO) in its analyst report released on September 09, 2022. The firm assigned the stock a Buy rating. 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 11 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 $53.00 and $76.00, with a median target of $60.00. Taking a look at these predictions, the average price target given by analysts for Academy Sports and Outdoors Inc. (ASO) stock is $59.58.

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