Academy Sports and Outdoors Inc (NASDAQ: ASO) is 5.02% higher on its value in year-to-date trading and has touched a low of $42.83 and a high of $75.73 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 $67.27 in the last trading session, with the day’s gains setting it 2.04%.
Currently trading at $69.31, the stock is -2.25% and 3.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.91 million and changing 3.03% at the moment leaves the stock 24.65% off its SMA200. ASO registered 18.58% gain for a year compared to 6-month gain of 41.19%. The firm has a 50-day simple moving average (SMA 50) of $1.09 and a 200-day simple moving average (SMA200) of $8.22.
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The stock witnessed a -2.16% loss in the last 1 month and extending the period to 3 months gives it a 22.78%, and is -3.08% down 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 3.32% over the week and 2.66% over the month.
Academy Sports and Outdoors Inc (ASO) has around 22000 employees, a market worth around $5.14B and $6.11B in sales. Current P/E ratio is 10.70 and Fwd P/E is 9.31. Profit margin for the company is 8.32%. Distance from 52-week low is 61.84% and -8.48% from its 52-week high. The company has generated returns on investments over the last 12 months (14.65%).
Academy Sports and Outdoors Inc quarterly earnings per share for the current quarter are estimated at $2.28 with sales reaching $1.79B over the same period.The EPS is expected to shrink by -8.96% this year, but quarterly earnings will post -3.80% year-over-year. Quarterly sales are estimated to grow 2.60% in year-over-year returns.
485 institutions hold shares in Academy Sports and Outdoors Inc (ASO), with institutional investors hold 108.98% of the company’s shares. The shares outstanding are 76.71M, and float is at 72.93M with Short Float at 11.38%. Institutions hold 105.95% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 11.57 million shares valued at $625.4 million. The investor’s holdings represent 15.52% of the ASO Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 11.37 million shares valued at $614.73 million to account for 15.26% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 8.83 million shares representing 11.84% and valued at over $477.03 million, while State Street Corporation holds 3.84% of the shares totaling 2.86 million with a market value of $154.75 million.
Academy Sports and Outdoors Inc (ASO) Insider Activity
The most recent transaction is an insider sale by Tweedy Jeffrey C., the company’s Director. SEC filings show that Tweedy Jeffrey C. sold 1,065 shares of the company’s common stock on Jan 02 ’24 at a price of $64.81 per share for a total of $69023.0. Following the sale, the insider now owns 9070.0 shares.
Academy Sports and Outdoors Inc disclosed in a document filed with the SEC on Nov 15 ’23 that Tweedy Jeffrey C. (Director) sold a total of 1,065 shares of the company’s common stock. The trade occurred on Nov 15 ’23 and was made at $50.00 per share for $53250.0. Following the transaction, the insider now directly holds 10135.0 shares of the ASO stock.
Still, SEC filings show that on Sep 28 ’23, Tweedy Jeffrey C. (Director) disposed off 700 shares at an average price of $46.66 for $32662.0. The insider now directly holds 11,200 shares of Academy Sports and Outdoors Inc (ASO).
