Academy Sports and Outdoors Inc. (NASDAQ: ASO) stock fell -1.30% on Monday to $49.49 against a previous-day closing price of $50.14. With 1.78 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.69 million shares. During the session, the Specialty Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $50.02 whereas the lowest price it dropped to was $48.90. The 52-week range on ASO shows that it touched its highest point at $69.02 and its lowest point at $40.67 during that stretch. It currently has a 1-year price target of $69.44. With its current market cap of 3.76 billion, ASO has annualized dividend of $0.36 while the current yield stands at 0.73%. Beta for the stock currently stands at 1.23.
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 up-trending over the past week, with a rise of 0.12%, but this was down by -11.58% over a month. Three-month performance surged to 1.87% while six-month performance fell -21.83%. The stock gained 3.00% in the past year, while it has lost -5.81% so far this year. A look at the trailing 12-month EPS for ASO yields 6.76 with Next year EPS estimates of 7.89. For the next quarter, that number is 1.64. This implies an EPS growth rate of 5.10% for this year and 9.68% 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, 74.53 million ASO shares are outstanding with a float of 72.54 million shares on hand for trading. On Aug 30, 2023, short shares totaled 8.32 million, which was 11.16% higher than short shares on Jul 30, 2023. In addition to Mr. Kenneth C. Hicks as the firm’s Exec. Chairman, Mr. Steven Paul Lawrence serves as its CEO & Director.
Through their ownership of 106.12% of ASO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 61.00% of ASO, in contrast to 43.70% held by mutual funds. Shares owned by individuals account for 26.15%. As the largest shareholder in ASO with 14.33% of the stake, BlackRock Fund Advisors holds 10,953,305 shares worth 10,953,305. A second-largest stockholder of ASO, Fidelity Management & Research Co, holds 10,312,401 shares, controlling over 13.49% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in ASO, holding 8,617,701 shares or 11.27% stake. With a 7.11% stake in ASO, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 5,438,593 shares are owned by the mutual fund manager. The Fidelity Contrafund, which owns about 4.49% of ASO stock, is the second-largest Mutual Fund holder. It holds 3,435,982 shares valued at 187.5 million. Vanguard Total Stock Market ETF holds 3.18% of the stake in ASO, owning 2,427,216 shares worth 132.45 million.
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 $56.00, the average target price over the next 12 months is $69.06. Based on these targets, ASO could surge 71.75% to reach the target high and rise by 13.15% to reach the target low. Reaching the average price target will result in a growth of 39.54% 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 $0.7. In the past year, ASO’s dividend yield has been $0.7. Accordingly, ASO has a current buyback yield of $9.55. This was $9.55 for the TTM.
Summary of Insider Activity:
Insiders traded ASO stock several times over the past three months with 4 Buys and 3 Sells. In these transactions, 5,035 shares were bought while 2,528 shares were sold. The number of buy transactions has increased to 84 while that of sell transactions has risen to 63 over the past year. The total number of shares bought during that period was 605,825 while 682,502 shares were sold.