Academy Sports and Outdoors Inc (NASDAQ: ASO) stock fell -3.06% on Monday to $48.17 against a previous-day closing price of $49.69. With 1.47 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.68 million shares. The 52-week range on ASO shows that it touched its highest point at $69.02 and its lowest point at $42.83 during that stretch. It currently has a 1-year price target of $66.94. With its current market cap of 3.59 billion, ASO has annualized dividend of $0.36 while the current yield stands at 0.75%. Beta for the stock currently stands at 1.28.
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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 up-trending over the past week, with a rise of 7.50%, but this was up by 4.72% over a month. Three-month performance dropped to -7.17% while six-month performance fell -9.01%. The stock gained 1.75% in the past year, while it has lost -8.32% so far this year. A look at the trailing 12-month EPS for ASO yields 6.78 with Next year EPS estimates of 7.85. For the next quarter, that number is 1.63. This implies an EPS growth rate of -6.78% for this year and 9.30% 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 63.19%.
Float and Shares Shorts:
At present, 76.71 million ASO shares are outstanding with a float of 73.30 million shares on hand for trading. On Oct 30, 2023, short shares totaled 7.88 million, which was 10.57% higher than short shares on Sep 28, 2023. In addition to Mr. Kenneth C. Hicks as the firm’s Executive Chairman, Mr. Steven Paul Lawrence serves as its CEO & Director.
Institutional Ownership:
Other institutions hold 60.31% of ASO, in contrast to 41.13% held by mutual funds. Shares owned by individuals account for 26.86%. As the largest shareholder in ASO with 14.33% of the stake, BlackRock Fund Advisors holds 10,677,143 shares worth 10,677,143. A second-largest stockholder of ASO, Fidelity Management & Research Co, holds 8,799,764 shares, controlling over 11.81% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in ASO, holding 8,475,956 shares or 11.37% stake. With a 6.90% stake in ASO, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 5,143,712 shares are owned by the mutual fund manager. The Fidelity Contrafund, which owns about 3.43% of ASO stock, is the second-largest Mutual Fund holder. It holds 2,559,282 shares valued at 114.76 million. Vanguard Total Stock Market ETF holds 3.19% of the stake in ASO, owning 2,377,845 shares worth 106.62 million.
Analysts Ratings:
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 $55.00, the average target price over the next 12 months is $66.94. Based on these targets, ASO could surge 76.46% to reach the target high and rise by 14.18% to reach the target low. Reaching the average price target will result in a growth of 38.97% from current levels.
Dividends & Yield:
In terms of dividends, ASO has a current ratio of $0.36, which is $0.36 over the trailing 12-months, while a dividend of $– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and ASO currently yields $0.72. In the past year, ASO’s dividend yield has been $0.72, but when looking at the stock over the past five years, its yield has been $–. Accordingly, ASO has a current buyback yield of $9.82. This was $9.82 for the TTM, and it was $– for the past five years.
Summary of Insider Activity:
Insiders traded ASO stock several times over the past three months with 14 Buys and 13 Sells. In these transactions, 82,174 shares were bought while 79,611 shares were sold. The number of buy transactions has increased to 86 while that of sell transactions has risen to 72 over the past year. The total number of shares bought during that period was 663,409 while 743,215 shares were sold.
