The stock of Academy Sports and Outdoors Inc. (NASDAQ:ASO) increased by $0.15 on Wednesday to $49.92, up 0.29 percent. The last five days have seen an average of 1,563,065 shares of common stock traded. 14 times new highs were reached in the current year, with a fall of -$2.59. The average number of shares traded over the last 20 days was 1,537,461, while the average volume over the last 50 days totaled 1,566,931.
ASO stock dropped -14.86% since last month. On 08/28/23, the company’s shares reached a one-month low of $48.32. The stock touched a high of $69.02 on 04/12/23, after rallying from a low of $40.67 in 52 weeks. The price of ASO stock has declined by -5.00% or -$2.59 this year, reaching a new high 14 times. Still, the stock price is down -27.68% from the 52-week high.
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Insider Transactions
ASO stock investors should be aware that Academy Sports and Outdoors Inc. (ASO) stock had its last reported insider trading activity 75 days ago on Jun 16. On Jun 16, Director Tweedy Jeffrey C. sold 1,065 shares at $49.23 each. This transaction resulted in the insider making $52,430. On Jun 12, Johnson Samuel J sold 60,000 shares at a price of US$50.76. After the transaction, the insider now owns 76,124 shares. President Mullican Michael P. had earlier sold 65,794 shares on Jun 09 for $50.34 a share. The transaction was completed for $3,312,135.
Valuation Metrics
Academy Sports and Outdoors Inc. (ASO) has a trailing price-to-earnings (P/E) ratio of 7.15. Beta for the stock is 1.23. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.61, the price-to-book (PB) ratio of 2.28, and the price-to-cash flow ratio of 10.22.
Company paid $0.09 per share in dividends, remained unchanged from $0.09 last year. A $0.0150 dividend increase was reported on Thursday March 2 2023.
Financial Health
For the three months ended April 29, Academy Sports and Outdoors Inc.’s quick ratio was 0.30, while its current ratio was 1.60, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 0.35, and the total debt to equity ratio is 0.35. As far as profitability goes, gross margin for the trailing twelve months is 34.20% percent. Academy Sports and Outdoors Inc.’s EBITDA margin for the year ended April 29 was 14.90%, whereas its operating margin stood at 12.10% for the same period. Based on annual data, it had gross profit of $2.21 billion and revenue of $6.4 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 12.30%. There was a 29.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 35.80%.
Earnings Surprise
According to Academy Sports and Outdoors Inc.’s quarterly financial report for the quarter that ended April 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.38 billion, while revenues fell by -6.08% to $1.75 billion. It was predicted that Academy Sports and Outdoors Inc.’s quarterly earnings would be $1.3, but it ended up being $1.65, beating the consensus by -21.20%. EBITDA was $153.13 million for the quarter. At the end of Academy Sports and Outdoors Inc.’s most recent quarter ended April 29, its liabilities totaled 2.96 billion, while its total debt was $1.76 billion. Equity owned by shareholders amounts to $76.45 million.
Technical Picture
Here’s a quick look at Academy Sports and Outdoors Inc.’s (ASO) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 29.86%, suggesting the stock is oversold, with a 43.63% historical volatility rate.
The stochastic %K and %D were 13.00% and 11.72% respectively, while the average true range (ATR) was 1.83. Based on the 14-day stochastic reading of 15.47%, the RSI (14) reading is 34.18%. On the 9-day MACD Oscillator, the stock is at -1.78, and the 14-day reading is at -3.60.
Analyst Ratings
Academy Sports and Outdoors Inc. (NASDAQ: ASO) was downgraded by Gordon Haskett to a a Hold rating in its latest research report. The stock was previously rated as a a Accumulate. 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 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 14 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 $52.00 and $85.00, with a median target price of $65.00. In analyzing these forecasts, the average price target given by analysts for Academy Sports and Outdoors Inc. (ASO) is $67.29.
