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Academy Sports and Outdoors (ASO) Stock Forecast, Price & News

$50.42
-0.38 (-0.75%)
(As of 05:33 PM ET)
Compare
Today's Range
$49.84
$50.98
50-Day Range
$48.53
$99.50
52-Week Range
$32.86
$69.02
Volume
1.57 million shs
Average Volume
1.52 million shs
Market Capitalization
$3.86 billion
P/E Ratio
7.20
Dividend Yield
0.71%
Price Target
$71.00

Academy Sports and Outdoors MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
40.5% Upside
$71.00 Price Target
Short Interest
Bearish
15.38% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.20mentions of Academy Sports and Outdoors in the last 14 days
Based on 53 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.90%
From $7.31 to $8.18 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.91 out of 5 stars

Consumer Discretionary Sector

16th out of 270 stocks

Miscellaneous Shopping Goods Stores Industry

2nd out of 9 stocks


ASO stock logo

About Academy Sports and Outdoors (NASDAQ:ASO) Stock

Academy Sports and Outdoors, Inc. is a leading sport and outdoor equipment, apparel, and footwear retailer. The company was founded in 1938 and is headquartered in Katy, Texas. Its mission is to provide customers with the best quality products at affordable prices. Academy Sports and Outdoors operates over 260 stores across 16 states in the southern and midwestern regions of the United States. The company offers various products, including hunting and fishing equipment, camping gear, athletic apparel, footwear, and fan gear for college and professional sports teams. Its target market includes outdoor enthusiasts, sports teams, and individual athletes of all ages.

Academy Sports and Outdoors achieved several milestones. In 2020, the company went public with an IPO price of $13 per share. In 2021, the company reported net sales of $5.4 billion, representing a year-over-year increase of 19%. The company was also named to Forbes' list of America's Best Employers for Diversity in 2021.

Academy Sports and Outdoors has a seasoned management team with extensive experience in the retail industry. Ken Hicks serves as the company's Chairman, President, and Chief Executive Officer. Hicks has over 40 years of experience in the retail sector, having previously served as the CEO of Foot Locker Inc. Michael Mullican is the company's Chief Financial Officer and has been with Academy Sports and Outdoors since 2007. The company's Chief Merchandising Officer is Steve Lawrence, who has been with the company since 2014 and has over 30 years of experience in the retail industry.

Academy Sports and Outdoors has demonstrated healthy financial performance over the past few years. The company reports net sales, net income, and gross profit margin improvement yearly over the past several years. Academy Sports and Outdoors has maintained a healthy balance sheet with a debt-to-equity ratio of around 1.5.

Academy Sports and Outdoors has a market capitalization of approximately $5 billion. The stock trades at a price-to-earnings ratio below the industry average, and the company's price-to-book ratio is below the industry average. These metrics suggest that the company is undervalued relative to its peers. The stock has a dividend yield of around 0.5%.

Academy Sports and Outdoors went public in October 2020 at an initial public offering (IPO) price of $13 per share. Since then, the stock has performed well despite experiencing some volatility. Trading volume for the stock has also been relatively steady, with an average daily trading volume of approximately 1.4 million shares. Recent news and events that have affected the company's stock performance include its Q4 2022 earnings release, which exceeded expectations and drove the stock price up, as well as concerns over inflation and supply chain disruptions that have weighed on the broader retail sector.

Academy Sports and Outdoors operates in the sporting goods retail industry, which includes companies that sell various sporting goods and outdoor equipment to consumers. The industry is highly competitive and fragmented, with large players like Dick's Sporting Goods and Cabela's and many smaller regional and local stores. The industry is affected by economic conditions, consumer spending patterns, and changes in fashion and technology.

Academy Sports and Outdoors competes primarily based on its broad product selection, competitive pricing, and convenient store locations. The company has over 250 stores in the southern United States and plans to expand further in the coming years. Academy Sports and Outdoors also operates an online store, allowing the company to reach customers nationwide.

Despite the competitive nature of the industry, Academy Sports and Outdoors has several competitive advantages that position it for success. The company has a strong brand reputation and a loyal customer base, which helps to drive sales and customer loyalty. The company's focus on providing high-quality products and customer service has also contributed to its success.

Academy Sports and Outdoors has several growth opportunities that could drive future revenue and earnings growth. One key area of focus is e-commerce, as the company continues to invest in its online platform to compete with larger players like Amazon. The company has been expanding its online selection and improving its digital capabilities to provide customers with a seamless shopping experience. Academy Sports and Outdoors plans to continue to invest in its e-commerce business to capture a larger share of the growing online sporting goods market.

Another area of opportunity for the company is in-store expansion. Academy Sports and Outdoors plans to open new stores in underserved markets, which could help to drive revenue growth in the coming years. The company also plans to remodel existing stores to improve the shopping experience for customers.

Academy Sports and Outdoors has also been expanding its private label offerings, which could help to improve margins and differentiate the company from competitors. The company has several successful private-label brands, including Magellan Outdoors, which provides high-quality outdoor equipment at competitive prices.

While Academy Sports and Outdoors have several growth opportunities, the company faces risks and challenges. One critical risk is the industry's highly competitive nature, which could limit the company's ability to grow and maintain market share. The company must continue to invest in its products, pricing, and customer service to remain competitive.

Another risk is the potential for economic downturns or changes in consumer spending patterns, which could reduce demand for sporting goods and outdoor equipment. The company must also manage its debt levels and maintain financial flexibility to navigate potential economic challenges.

Academy Sports and Outdoors also face regulatory risks, including changes in import/export laws or regulations governing the sale of firearms or ammunition. The company must monitor regulatory developments and adapt its business practices to mitigate these risks.

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ASO Stock News Headlines

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ASO Price History

ASO Company Calendar

Ex-Dividend for 4/13 Dividend
3/22/2023
Dividend Payable
4/13/2023
Last Earnings
6/06/2023
Today
6/09/2023
Ex-Dividend for 7/13 Dividend
6/14/2023
Dividend Payable
7/13/2023
Next Earnings (Estimated)
9/06/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous shopping goods stores
Sub-Industry
N/A
Current Symbol
NASDAQ:ASO
Fax
N/A
Employees
22,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$71.00
High Stock Price Forecast
$85.00
Low Stock Price Forecast
$55.00
Forecasted Upside/Downside
+41.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
14 Analysts

Profitability

Net Income
$628 million
Pretax Margin
11.75%

Debt

Sales & Book Value

Annual Sales
$6.40 billion
Cash Flow
$9.23 per share
Book Value
$21.99 per share

Miscellaneous

Free Float
74,313,000
Market Cap
$3.83 billion
Optionable
Not Optionable
Beta
1.16

Key Executives

  • Mr. Kenneth C. Hicks (Age 71)
    Chairman, Pres & CEO
    Comp: $6.49M
  • Mr. Michael P. MullicanMr. Michael P. Mullican (Age 47)
    Exec. VP & CFO
    Comp: $2.25M
  • Mr. Manish Maini (Age 49)
    Sr. VP & Chief Information Officer
    Comp: $1.34M
  • Mr. Steven Paul LawrenceMr. Steven Paul Lawrence (Age 55)
    Exec. VP & Chief Merchandising Officer
    Comp: $2.58M
  • Mr. Samuel J. JohnsonMr. Samuel J. Johnson (Age 56)
    Exec. VP of Retail Operations
    Comp: $1.96M
  • Heather A. DavisHeather A. Davis
    Sr. VP of Accounting, Treasury & Tax
  • Mr. Matt Hodges
    VP of Investor Relations
  • Mr. Rene G. CasaresMr. Rene G. Casares
    Sr. VP, Gen. Counsel & Corp. Sec.
  • Elise Hasbrook
    VP of Communications
  • Mr. William S. EnnisMr. William S. Ennis (Age 53)
    Sr. VP & Chief HR Officer













ASO Stock - Frequently Asked Questions

Should I buy or sell Academy Sports and Outdoors stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Academy Sports and Outdoors in the last year. There are currently 1 hold rating and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ASO shares.
View ASO analyst ratings
or view top-rated stocks.

What is Academy Sports and Outdoors' stock price forecast for 2023?

14 brokerages have issued 1-year price targets for Academy Sports and Outdoors' stock. Their ASO share price forecasts range from $55.00 to $85.00. On average, they expect the company's share price to reach $71.00 in the next year. This suggests a possible upside of 40.8% from the stock's current price.
View analysts price targets for ASO
or view top-rated stocks among Wall Street analysts.

How have ASO shares performed in 2023?

Academy Sports and Outdoors' stock was trading at $52.54 on January 1st, 2023. Since then, ASO shares have decreased by 4.0% and is now trading at $50.42.
View the best growth stocks for 2023 here
.

When is Academy Sports and Outdoors' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 6th 2023.
View our ASO earnings forecast
.

How were Academy Sports and Outdoors' earnings last quarter?

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) announced its earnings results on Tuesday, June, 6th. The company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.65 by $0.35. The business earned $1.38 billion during the quarter, compared to analyst estimates of $1.44 billion. Academy Sports and Outdoors had a net margin of 9.07% and a trailing twelve-month return on equity of 36.40%. The company's revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.73 EPS.

How often does Academy Sports and Outdoors pay dividends? What is the dividend yield for Academy Sports and Outdoors?

Academy Sports and Outdoors declared a quarterly dividend on Thursday, June 1st. Stockholders of record on Thursday, June 15th will be given a dividend of $0.09 per share on Thursday, July 13th. This represents a $0.36 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for ASO
.

Is Academy Sports and Outdoors a good dividend stock?

Academy Sports and Outdoors (NASDAQ:ASO) pays an annual dividend of $0.36 per share and currently has a dividend yield of 0.70%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASO will have a dividend payout ratio of 4.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASO.

What guidance has Academy Sports and Outdoors issued on next quarter's earnings?

Academy Sports and Outdoors issued an update on its FY 2023 earnings guidance on Wednesday, June, 7th. The company provided earnings per share (EPS) guidance of $6.80-$7.50 for the period, compared to the consensus estimate of $7.53. The company issued revenue guidance of $6.17 billion-$6.37 billion, compared to the consensus revenue estimate of $6.60 billion.

When did Academy Sports and Outdoors IPO?

(ASO) raised $250 million in an initial public offering (IPO) on Friday, October 2nd 2020. The company issued 15,600,000 shares at $15.00-$17.00 per share. Credit Suisse, JPMorgan, KKR, BofA Securities, Evercore ISI, Guggenheim Partners, UBS Investment Bank and Wells Fargo Securities served as the underwriters for the IPO and Stephens, Inc., Capital One Securities, Loop Capital Markets, CastleOak Securities, L.P., Blaylock Van, LLC, Cabrera Capital Markets, Ramirez & Co., Inc. and R. Seelaus & Co., LLC were co-managers.

What is Academy Sports and Outdoors' stock symbol?

Academy Sports and Outdoors trades on the NASDAQ under the ticker symbol "ASO."

Who are Academy Sports and Outdoors' major shareholders?

Academy Sports and Outdoors' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.78%), State Street Corp (3.85%), Dimensional Fund Advisors LP (3.34%), Geode Capital Management LLC (2.19%), King Luther Capital Management Corp (1.84%) and Bank of America Corp DE (1.79%). Insiders that own company stock include 2006 Allstar Blocker LP Kkr, Beryl Raff, Brian T Marley, Heather A Davis, Heather A Davis, Ken C Hicks, Kenneth D Attaway, Kkr Group Partnership LP, Manish Maini, Michael P Mullican, Rene G Casares, Samuel J Johnson, Samuel J Johnson, Sherry L Harriman, Steven Paul Lawrence, Todd Crockett, William S Ennis and William S Simon.
View institutional ownership trends
.

How do I buy shares of Academy Sports and Outdoors?

Shares of ASO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Academy Sports and Outdoors' stock price today?

One share of ASO stock can currently be purchased for approximately $50.42.

How much money does Academy Sports and Outdoors make?

Academy Sports and Outdoors (NASDAQ:ASO) has a market capitalization of $3.86 billion and generates $6.40 billion in revenue each year. The company earns $628 million in net income (profit) each year or $7.00 on an earnings per share basis.

How many employees does Academy Sports and Outdoors have?

The company employs 22,000 workers across the globe.

How can I contact Academy Sports and Outdoors?

The official website for the company is www.academy.com. The company can be reached via phone at 281-646-5200 or via email at investors@academy.com.

This page (NASDAQ:ASO) was last updated on 6/9/2023 by MarketBeat.com Staff

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