Academy Sports and Outdoors Inc. (NASDAQ: ASO) stock fell -2.58% on Wednesday to $51.31 against a previous-day closing price of $52.67. With 1.44 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.52 million shares. During the session, the Specialty Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $52.83 whereas the lowest price it dropped to was $51.08. The 52-week range on ASO shows that it touched its highest point at $69.02 and its lowest point at $25.10 during that stretch. It currently has a 1-year price target of $76.86. With its current market cap of 4.28 billion, ASO has annualized dividend of $0.36 while the current yield stands at 0.70%.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ASO was down-trending over the past week, with a drop of -11.91%, but this was down by -22.10% over a month. Three-month performance dropped to -13.89% while six-month performance rose 5.19%. The stock gained 69.73% in the past year, while it has lost -2.34% so far this year. A look at the trailing 12-month EPS for ASO yields 7.48 with Next year EPS estimates of 8.46. For the next quarter, that number is 2.26. This implies an EPS growth rate of 5.10% for this year and 11.03% for next year. EPS is expected to grow by 11.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 62.30%.
Float and Shares Shorts:
At present, 77.09 million ASO shares are outstanding with a float of 75.94 million shares on hand for trading. On Apr 27, 2023, short shares totaled 10.99 million, which was 14.28% higher than short shares on Mar 30, 2023. In addition to Mr. Kenneth C. Hicks as the firm’s Chairman, Pres & CEO, Mr. Michael P. Mullican serves as its Exec. VP & CFO.
Through their ownership of 108.31% of ASO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 64.71% of ASO, in contrast to 40.52% held by mutual funds. Shares owned by individuals account for 25.99%. As the largest shareholder in ASO with 14.88% of the stake, BlackRock Fund Advisors holds 11,451,352 shares worth 11,451,352. A second-largest stockholder of ASO, Fidelity Management & Research Co, holds 10,789,686 shares, controlling over 14.02% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in ASO, holding 8,937,246 shares or 11.61% stake. With a 7.37% stake in ASO, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 5,670,180 shares are owned by the mutual fund manager. The Fidelity Contrafund, which owns about 4.53% of ASO stock, is the second-largest Mutual Fund holder. It holds 3,488,124 shares valued at 221.57 million. Vanguard Total Stock Market ETF holds 3.15% of the stake in ASO, owning 2,425,605 shares worth 154.07 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jan 27, 2023, ASO reported revenue of $1.47B and operating income of $205.49M. The EBITDA in the recently reported quarter was $231.77M and diluted EPS was $1.69.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ASO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ASO analysts setting a high price target of $85.00 and a low target of $70.00, the average target price over the next 12 months is $76.07. Based on these targets, ASO could surge 65.66% to reach the target high and rise by 36.43% to reach the target low. Reaching the average price target will result in a growth of 48.26% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, ASO has a current ratio of $0.36, which is $0.36 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and ASO currently yields $0.61. In the past year, ASO’s dividend yield has been $0.61. Accordingly, ASO has a current buyback yield of $12.25. This was $12.25 for the TTM.
Summary of Insider Activity:
Insiders traded ASO stock several times over the past three months with 15 Buys and 15 Sells. In these transactions, 34,916 shares were bought while 12,572 shares were sold. The number of buy transactions has increased to 75 while that of sell transactions has risen to 58 over the past year. The total number of shares bought during that period was 639,656 while 665,145 shares were sold.