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

$53.04
+0.59 (+1.12%)
(As of 05/23/2024 ET)
Today's Range
$52.37
$53.16
50-Day Range
$52.45
$72.13
52-Week Range
$42.83
$75.73
Volume
906,878 shs
Average Volume
1.31 million shs
Market Capitalization
$3.91 billion
P/E Ratio
7.89
Dividend Yield
0.83%
Price Target
$73.88

Academy Sports and Outdoors MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
39.3% Upside
$73.88 Price Target
Short Interest
Bearish
6.70% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.85mentions of Academy Sports and Outdoors in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$72,000 Sold Last Quarter
Proj. Earnings Growth
12.33%
From $6.65 to $7.47 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.47 out of 5 stars

Consumer Discretionary Sector

37th out of 256 stocks

Miscellaneous Shopping Goods Stores Industry

3rd out of 7 stocks

ASO stock logo

About Academy Sports and Outdoors Stock (NASDAQ:ASO)

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.

ASO Stock Price History

ASO Stock News Headlines

The Analyst Landscape: 22 Takes On Academy Sports
Check Out What Whales Are Doing With ASO
Wedbush Keeps Their Buy Rating on Academy Sports and Outdoors (ASO)
See More Headlines
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Company Calendar

Last Earnings
3/21/2024
Ex-Dividend for 4/18 Dividend
3/25/2024
Dividend Payable
4/18/2024
Today
5/24/2024
Next Earnings (Estimated)
6/04/2024
Fiscal Year End
1/31/2025

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 Target
$73.88
High Stock Price Target
$87.00
Low Stock Price Target
$52.00
Potential Upside/Downside
+39.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85
Research Coverage
13 Analysts

Profitability

Net Income
$519.19 million
Pretax Margin
10.77%

Debt

Sales & Book Value

Annual Sales
$6.16 billion
Cash Flow
$8.49 per share
Book Value
$26.36 per share

Miscellaneous

Free Float
72,175,000
Market Cap
$3.91 billion
Optionable
Not Optionable
Beta
1.40
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ASO Stock Analysis - Frequently Asked Questions

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

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Academy Sports and Outdoors in the last year. There are currently 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ASO shares.
View ASO analyst ratings
or view top-rated stocks.

What is Academy Sports and Outdoors' stock price target for 2024?

13 analysts have issued 12-month price targets for Academy Sports and Outdoors' stock. Their ASO share price targets range from $52.00 to $87.00. On average, they anticipate the company's share price to reach $73.88 in the next twelve months. This suggests a possible upside of 39.3% 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 2024?

Academy Sports and Outdoors' stock was trading at $66.00 at the beginning of 2024. Since then, ASO stock has decreased by 19.6% and is now trading at $53.04.
View the best growth stocks for 2024 here
.

When is Academy Sports and Outdoors' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 4th 2024.
View our ASO earnings forecast
.

How were Academy Sports and Outdoors' earnings last quarter?

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) released its quarterly earnings data on Thursday, March, 21st. The company reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by $0.05. The business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.78 billion. Academy Sports and Outdoors had a trailing twelve-month return on equity of 28.99% and a net margin of 8.43%.

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, March 7th. Investors of record on Tuesday, March 26th will be given a dividend of $0.11 per share on Thursday, April 18th. This represents a $0.44 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Monday, March 25th. This is an increase from the stock's previous quarterly dividend of $0.09.
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 $0.44 per share and currently has a dividend yield of 0.82%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASO will have a dividend payout ratio of 5.89% 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 2024 earnings guidance on Thursday, March, 21st. The company provided earnings per share guidance of 5.900-6.900 for the period, compared to the consensus earnings per share estimate of 7.510. The company issued revenue guidance of $6.1 billion-$6.4 billion, compared to the consensus revenue estimate of $6.4 billion.

When did Academy Sports and Outdoors IPO?

Academy Sports and Outdoors (ASO) raised $250 million in an initial public offering (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 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.

Who are Academy Sports and Outdoors' major shareholders?

Academy Sports and Outdoors' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.66%), LSV Asset Management (2.24%), Westwood Holdings Group Inc. (1.68%), Janus Henderson Group PLC (1.02%), Vaughan Nelson Investment Management L.P. (0.92%) and Lord Abbett & CO. LLC (0.69%). Insiders that own company stock include 2006 Allstar Blocker LP Kkr, Beryl Raff, Brian T Marley, Heather A Davis, Heather A Davis, Jeffrey C Tweedy, Ken C Hicks, Kkr Group Partnership LP, Manish Maini, Michael P Mullican, Samuel J Johnson, Samuel J Johnson, Sherry L Harriman, Sherry L Harriman, Steven Paul Lawrence, Todd Crockett and William S Ennis.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ASO) was last updated on 5/24/2024 by MarketBeat.com Staff

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