Academy Sports and Outdoors - ASO Stock Forecast, Price & News

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.
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14 brokerages have issued 12-month price targets for Academy Sports and Outdoors' stock. Their ASO share price forecasts range from $53.00 to $85.00. On average, they anticipate the company's stock price to reach $72.27 in the next year. This suggests a possible upside of 11.3% from the stock's current price.
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Academy Sports and Outdoors' stock was trading at $52.54 at the start of the year. Since then, ASO stock has increased by 23.6% and is now trading at $64.95.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 6th 2023.
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Academy Sports and Outdoors, Inc. (NASDAQ:ASO) announced its quarterly earnings data on Friday, December, 10th. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.66. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.49 billion. Academy Sports and Outdoors had a net margin of 9.82% and a trailing twelve-month return on equity of 41.09%. The firm's revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share.

Academy Sports and Outdoors announced a quarterly dividend on Thursday, March 2nd. Shareholders of record on Thursday, March 23rd will be paid a dividend of $0.09 per share on Thursday, April 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Wednesday, March 22nd. This is an increase from the stock's previous quarterly dividend of $0.08.
Read our dividend analysis for ASO.

ETFs with the largest weight of Academy Sports and Outdoors (NASDAQ:ASO) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Innovator IBD Breakout Opportunities ETF (BOUT), First Trust US Equity Opportunities ETF (FPX), Invesco S&P SmallCap Quality ETF (XSHQ), Changebridge Select Equity ETF (CBSE), Changebridge Long/Short Equity ETF (CBLS), Alpha Architect U.S. Quantitative Value ETF (QVAL) and Invesco S&P SmallCap Momentum ETF (XSMO).

Academy Sports and Outdoors (NASDAQ:ASO) pays an annual dividend of $0.36 per share and currently has a dividend yield of 0.57%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 4.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASO will have a dividend payout ratio of 4.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASO.

Academy Sports and Outdoors issued an update on its FY 2023 earnings guidance on Thursday, March, 16th. The company provided earnings per share guidance of $7.00-$7.75 for the period, compared to the consensus EPS estimate of $7.65. The company issued revenue guidance of $6.50 billion-$6.70 billion, compared to the consensus revenue estimate of $6.68 billion.

(ASO) raised $250 million in an IPO on Friday, October 2nd 2020. The company issued 15,600,000 shares at a price of $15.00-$17.00 per share. Credit Suisse, JPMorgan, KKR, BofA Securities, Evercore ISI, Guggenheim Partners, UBS Investment Bank and Wells Fargo Securities acted 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.

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

Academy Sports and Outdoors' stock is owned by many different retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (3.18%), Fuller & Thaler Asset Management Inc. (2.51%), Geode Capital Management LLC (2.18%), Renaissance Technologies LLC (1.73%), LSV Asset Management (1.61%) and Morgan Stanley (1.21%). 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.
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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.
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One share of ASO stock can currently be purchased for approximately $64.95.

Academy Sports and Outdoors (NASDAQ:ASO) has a market capitalization of $5.00 billion and generates $6.40 billion in revenue each year. The company earns $628 million in net income (profit) each year or $7.50 on an earnings per share basis.

The company employs 22,000 workers across the globe.

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.