Academy Sports and Outdoors Inc. (NASDAQ: ASO) is 23.62% higher on its value in year-to-date trading and has touched a low of $25.10 and a high of $63.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ASO stock was last observed hovering at around $59.91 in the last trading session, with the day’s gains setting it 5.04% off its average median price target of $73.00 for the next 12 months. It is also 18.81% off the consensus price target high of $80.00 offered by 14 analysts, but current levels are -3.1% lower than the price target low of $63.00 for the same period.
Currently trading at $64.95, the stock is 8.37% and 12.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.95 million and changing 8.41% at the moment leaves the stock 36.50% off its SMA200. ASO registered 81.42% gain for a year compared to 6-month gain of 35.85%.
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The stock witnessed a 11.64% loss in the last 1 month and extending the period to 3 months gives it a 18.46%, and is 6.46% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.15% over the week and 3.67% over the month.
Academy Sports and Outdoors Inc. (ASO) has around 22011 employees, a market worth around $5.17B and $6.46B in sales. Current P/E ratio is 9.15 and Fwd P/E is 8.38. Profit margin for the company is 9.50%. Distance from 52-week low is 158.76% and 1.66% from its 52-week high. The company has generated returns on investments over the last 12 months (33.30%).
Academy Sports and Outdoors Inc. (ASO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Academy Sports and Outdoors Inc. (ASO) is a “Buy”. 14 analysts offering their recommendations for the stock have an average rating of 1.70, where 1 rate it as a Hold and 0 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Academy Sports and Outdoors Inc. is expected to release its quarterly report on 06/06/2023.The EPS is expected to grow by 110.10% this year
Academy Sports and Outdoors Inc. (ASO) Top Institutional Holders
The shares outstanding are 78.14M, and float is at 77.95M with Short Float at 15.50%.
Academy Sports and Outdoors Inc. (ASO) Insider Activity
A total of 82 insider transactions have happened at Academy Sports and Outdoors Inc. (ASO) in the last six months, with sales accounting for 38 and purchases happening 44 times. The most recent transaction is an insider sale by Davis Heather A., the company’s SVP-Accounting Treasury Tax. SEC filings show that Davis Heather A. sold 349 shares of the company’s common stock on Mar 06 at a price of $60.41 per share for a total of $21083.0. Following the sale, the insider now owns 176.0 shares.
Academy Sports and Outdoors Inc. disclosed in a document filed with the SEC on Feb 21 that Harriman Sherry L. (SVP, Logistics & Supply Chain) sold a total of 11,969 shares of the company’s common stock. The trade occurred on Feb 21 and was made at $61.07 per share for $0.73 million. Following the transaction, the insider now directly holds 2742.0 shares of the ASO stock.
Still, SEC filings show that on Feb 03, Davis Heather A. (SVP-Accounting Treasury Tax) disposed off 382 shares at an average price of $62.02 for $23692.0. The insider now directly holds 176 shares of Academy Sports and Outdoors Inc. (ASO).
Academy Sports and Outdoors Inc. (ASO): Who are the competitors?
The company’s main competitors (and peers) include Walmart Inc. (WMT) that is trading -5.14% down over the past 12 months and NIKE Inc. (NKE) that is 1.05% higher over the same period.