Academy Sports and Outdoors Inc (NASDAQ:ASO) traded with an addition of $0.38 to close at $47.39on Friday, an upside of 0.81 percent. An average of 1,304,064 shares of common stock have been traded in the last five days. There was a gain of $0.47 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 1,576,031 shares traded, while the 50-day average volume stands at 1,586,694.
ASO stock has decreased by -5.11% in the last month. The company shares reached their 1-month lowest point of $45.37 on 09/26/23. With the stock rallying to its 52-week high on 04/12/23, shares of the company touched a low of $40.67 and a high of $69.02 in 52 weeks. It has reached a new high 14 times so far this year and lost -9.80% or -$5.31 in price. In spite of this, the price is down -31.34% from the 52-week high.
Insider Transactions
ASO stock investors should be aware that Academy Sports and Outdoors Inc (ASO) stock had its last reported insider trading activity 17 days ago on Sep 12. In this transaction, the insider spent $2,027,766. Director, Tweedy Jeffrey C., disposed of 300 shares at a price of $49.44 on Sep 12. The insider now owns more than $14,832 worth of shares. Prior to that, SVP-Accounting Treasury Tax Davis Heather A. went on to Sale 15,907 shares at $51.33 each on Sep 06. An amount of $816,506 was transacted.
Valuation Metrics
Academy Sports and Outdoors Inc (ASO) has a trailing price-to-earnings (P/E) ratio of 6.99, which compares with the N/A for the broader industry. The stock’s beta is 1.27. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.57, the price-to-book (PB) ratio at 2.04, and the price-to-cash flow ratio at 9.62.
The company has a payout ratio of 4.01%. The company’s most recent quarterly dividend payment was $0.09 a share, without any change from last year. Its latest increase dividend $0.0150 reported on Thursday March 2 2023.
Financial Health
The quick ratio of Academy Sports and Outdoors Inc for the three months ended July 30 was 0.40, and the current ratio was 1.68, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.95 and a total debt to equity ratio of 1.01 for the quarter ending July 30. Its gross profit as reported stood at $2.21 billion compared to revenue of $6.4 billion.
Earnings Surprise
For the three-month period that ended July 30, Academy Sports and Outdoors Inc had $583.73 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 $157.08 million in the quarter, while revenues of $93.97 million were shrunk -20.19%. The analyst consensus anticipated Academy Sports and Outdoors Inc’s latest quarter earnings to come in at $1.99 per share, but it turned out to be $2.09, a 5.00% surprise. For the quarter, EBITDA amounted to $237.4 million. Shareholders own equity worth $74.53 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 28 September was 39.52%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.07%.
As of today, ASO’s price is $46.45 +1.01% or $0.47 from its 5-day moving average. ASO is currently trading -13.45% lower than its 20-day SMA and -22.06% lower than its 100-day SMA. However, the stock’s current price level is -14.39% below the SMA50 and -14.78% below the SMA200.
The stochastic %K and %D were 24.73% and 16.09%, respectively, and the average true range (ATR) was 1.36. With the 14-day stochastic at 30.39% and the average true range at 1.51, the RSI (14) stands at 38.68%. The stock has reached -0.31 on the 9-day MACD Oscillator while the 14-day reading was at -1.28.
Analyst Ratings
Gordon Haskett downgraded Academy Sports and Outdoors Inc (NASDAQ: ASO) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Accumulate. 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 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 14 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 $56.00 and $85.00, with a median target of $70.00. Taking a look at these predictions, the average price target given by analysts for Academy Sports and Outdoors Inc (ASO) stock is $69.06.
