Academy Sports and Outdoors Inc. (NASDAQ:ASO)’s traded shares stood at 2.07 million during the last session. At the last check today, the stock’s price was $63.99, to imply an increase of 6.81% or $4.08 in intraday trading. The ASO share’s 52-week high remains $63.89, putting it 0.16% up since that peak but still an impressive 60.78% since price per share fell to its 52-week low of $25.10. The company has a valuation of $4.77B, with an average of 1.43 million shares in intraday trading volume over the past 10 days and average of 1.30 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Buy for Academy Sports and Outdoors Inc. (ASO), translating to a mean rating of 1.70. Of 14 analyst(s) looking at the stock, 0 analyst(s) give ASO a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 13 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $1.81.
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Academy Sports and Outdoors Inc. (NASDAQ:ASO) trade information
After registering a 6.81% upside in the latest session, Academy Sports and Outdoors Inc. (ASO) has traded red over the past five days. The stock hit a weekly high of 67.70 this Wednesday, 03/15/23, jumping 6.81% in its intraday price action. The 5-day price performance for the stock is 4.88%, and 9.99% over 30 days. With these gigs, the year-to-date price performance is 21.79%. Short interest in Academy Sports and Outdoors Inc. (NASDAQ:ASO) saw shorts transact 11.99 million shares and set a 9.33 days time to cover.
Analysts on Wall Street suggest a consensus price target of $69.64, implying an increase of 8.11% to the stock’s recent value. The extremes give us $58.00 and $80.00 for target low and target high price respectively. As such, ASO has been trading -25.02% off suggested target high and 9.36% from its likely low.
Academy Sports and Outdoors Inc. (ASO) estimates and forecasts
Looking at statistics comparing Academy Sports and Outdoors Inc. share performance against respective industry, we note that the company has outperformed competitors. Academy Sports and Outdoors Inc. (ASO) shares are 33.84% up over the last 6 months, with its year-to-date growth rate higher than industry average at -0.39% against -7.40%. Revenue is forecast to grow 12.40% this quarter before jumping 4.00% for the next one. The rating firms project that company’s revenue will shrink -4.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 13 analysts is $1.79 billion. Meanwhile, for the quarter ending Apr 2023, a total of 12 analyst(s) estimate revenue growth to $1.49 billion.Earnings reports from the last fiscal year show that sales brought in $1.81 billion and $1.47 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -1.00% before jumping 1.70% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 63.30% for the past 5-year period. While 2023 is set for a 110.10% return in earnings, projections for the next 5 years are at 11.00% annually.
Academy Sports and Outdoors Inc. has its next earnings report out on March 16. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Academy Sports and Outdoors Inc. has a forward dividend ratio of 0.36, with the share yield ticking at 0.60% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Academy Sports and Outdoors Inc. (NASDAQ:ASO)’s Major holders
Academy Sports and Outdoors Inc. insiders hold 1.33% of total outstanding shares, with institutional holders owning 106.52% of the shares at 107.96% float percentage. In total, 106.52% institutions holds shares in the company, led by Blackrock Inc. As of Dec 30, 2022, the company held over 12.65 million shares (or 16.18% of shares), all amounting to roughly $812.26 million.
The next major institution holding the largest number of shares is FMR, LLC with 11.72 million shares, or about 15.00% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $752.91 million.
We also have iShares Core S&P Smallcap ETF and Fidelity Contrafund Inc as the top two Mutual Funds with the largest holdings of the Academy Sports and Outdoors Inc. (ASO) shares. Going by data provided on Dec 30, 2022, iShares Core S&P Smallcap ETF holds roughly 5.91 million shares. This is just over 7.56% of the total shares, with a market valuation of $379.54 million. Data from the same date shows that the other fund manager holds a little less at 3.51 million, or 4.49% of the shares, all valued at about 225.57 million.