Academy Sports and Outdoors Inc. [NASDAQ: ASO] slipped around -0.12 points on Thursday, while shares priced at $40.06 at the close of the session, down -0.30%. The company report on December 17, 2021 that Academy Sports + Outdoors Announces Appointment of Chris Turner to Board of Directors.
Academy Sports and Outdoors, Inc. (“Academy” or the “Company”) (Nasdaq: ASO) announced today, effective immediately, the appointment of Chris Turner to its Board of Directors (the “Board”) and Audit Committee. With this change, Academy’s Board now comprises ten directors.
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“Chris has an impressive background of business leadership and deep knowledge in consumer brands and elevating the customer experience that will be very valuable to Academy and our Board,” said Ken C. Hicks, Academy Chairman, President and Chief Executive Officer. “As a Texan and Academy Sports + Outdoors customer, he’ll bring a unique passion to his role as a director.”.
Academy Sports and Outdoors Inc. stock is now -8.75% down from its year-to-date (YTD) trading value. ASO Stock saw the intraday high of $41.46 and lowest of $39.95 per share. The company’s 52-week high price is 51.08, which means current price is +7.83% above from all time high which was touched on 01/03/22.
Compared to the average trading volume of 2.65M shares, ASO reached a trading volume of 2258998 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Academy Sports and Outdoors Inc. [ASO]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ASO shares is $59.36 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ASO stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Academy Sports and Outdoors Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 14, 2021. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Outperform. The new note on the price target was released on December 14, 2021, representing the official price target for Academy Sports and Outdoors Inc. stock. Previously, the target price had yet another raise to $54, while Wedbush analysts kept a Outperform rating on ASO stock.
The Average True Range (ATR) for Academy Sports and Outdoors Inc. is set at 2.16, with the Price to Sales ratio for ASO stock in the period of the last 12 months amounting to 0.59. The Price to Book ratio for the last quarter was 2.65, with the Price to Cash per share for the same quarter was set at 4.17. Price to Free Cash Flow for ASO in the course of the last twelve months was 6.51 with Quick ratio for the last quarter at 0.40.
How has ASO stock performed recently?
Academy Sports and Outdoors Inc. [ASO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.21. With this latest performance, ASO shares dropped by -4.76% in over the last four-week period, additionally plugging by 12.06% over the last 6 months – not to mention a rise of 77.49% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ASO stock in for the last two-week period is set at 43.78, with the RSI for the last a single of trading hit 42.88, and the three-weeks RSI is set at 44.67 for Academy Sports and Outdoors Inc. [ASO]. The present Moving Average for the last 50 days of trading for this stock 43.79, while it was recorded at 39.79 for the last single week of trading, and 39.54 for the last 200 days.
Academy Sports and Outdoors Inc. [ASO]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Academy Sports and Outdoors Inc. [ASO] shares currently have an operating margin of +7.80 and a Gross Margin at +28.63. Academy Sports and Outdoors Inc.’s Net Margin is presently recorded at +5.43.
Return on Total Capital for ASO is now 13.05, given the latest momentum, and Return on Invested Capital for the company is 9.35. Return on Equity for this stock inclined to 29.36, with Return on Assets sitting at 7.09. When it comes to the capital structure of this company, Academy Sports and Outdoors Inc. [ASO] has a Total Debt to Total Equity ratio set at 181.29. Additionally, ASO Total Debt to Total Capital is recorded at 64.45, with Total Debt to Total Assets ending up at 45.98. Long-Term Debt to Equity for the company is recorded at 173.71, with the Long-Term Debt to Total Capital now at 61.75.
Reflecting on the efficiency of the workforce at the company, Academy Sports and Outdoors Inc. [ASO] managed to generate an average of $14,035 per employee. Receivables Turnover for the company is 363.47 with a Total Asset Turnover recorded at a value of 1.31.Academy Sports and Outdoors Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 1.40.
Earnings analysis for Academy Sports and Outdoors Inc. [ASO]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ASO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Academy Sports and Outdoors Inc. go to 11.00%.
Insider trade positions for Academy Sports and Outdoors Inc. [ASO]
There are presently around $3,685 million, or 99.10% of ASO stock, in the hands of institutional investors. The top three institutional holders of ASO stocks are: FMR LLC with ownership of 14,024,421, which is approximately 24.354% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 7,960,913 shares of the stock with an approximate value of $319.87 million in ASO stocks shares; and BLACKROCK INC., currently with $218.12 million in ASO stock with ownership of nearly 39.246% of the company’s market capitalization.
Positions in Academy Sports and Outdoors Inc. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 192 institutional holders increased their position in Academy Sports and Outdoors Inc. [NASDAQ:ASO] by around 35,250,240 shares. Additionally, 88 investors decreased positions by around 33,518,284 shares, while 15 investors held positions by with 22,954,864 shares. The mentioned changes placed institutional holdings at 91,723,388 shares, according to the latest SEC report filing. ASO stock had 77 new institutional investments in for a total of 6,388,911 shares, while 33 institutional investors sold positions of 30,431,982 shares during the same period.