The closing price of Academy Sports and Outdoors Inc (NASDAQ: ASO) was $70.82 for the day, down -0.96% from the previous closing price of $71.51. In other words, the price has decreased by -$0.69 from its previous closing price. On the day, 1278456 shares were traded. ASO stock price reached its highest trading level at $72.06 during the session, while it also had its lowest trading level at $70.51.
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Ratios:
Our analysis of ASO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.46. For the most recent quarter (mrq), Quick Ratio is recorded 0.34 and its Current Ratio is at 1.62. In the meantime, Its Debt-to-Equity ratio is 1.00 whereas as Long-Term Debt/Eq ratio is at 0.94.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Truist on November 17, 2023, initiated with a Buy rating and assigned the stock a target price of $57.
On August 28, 2023, Gordon Haskett Downgraded its rating to Hold which previously was Accumulate and also lowered its target price recommendation from $56 to $52.
On August 14, 2023, Telsey Advisory Group started tracking the stock assigning a Outperform rating and target price of $72.Telsey Advisory Group initiated its Outperform rating on August 14, 2023, with a $72 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 02 ’24 when Tweedy Jeffrey C. sold 1,065 shares for $64.81 per share. The transaction valued at 69,023 led to the insider holds 9,070 shares of the business.
Tweedy Jeffrey C. sold 1,065 shares of ASO for $53,250 on Nov 15 ’23. The Director now owns 10,135 shares after completing the transaction at $50.00 per share. On Sep 28 ’23, another insider, Tweedy Jeffrey C., who serves as the Director of the company, sold 700 shares for $46.66 each. As a result, the insider received 32,662 and left with 11,200 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ASO now has a Market Capitalization of 5.25B and an Enterprise Value of 6.78B. As of this moment, Academy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.93, and their Forward P/E ratio for the next fiscal year is 9.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.86 while its Price-to-Book (P/B) ratio in mrq is 2.93. Its current Enterprise Value per Revenue stands at 1.11 whereas that against EBITDA is 8.35.
Stock Price History:
Over the past 52 weeks, ASO has reached a high of $75.73, while it has fallen to a 52-week low of $42.83. The 50-Day Moving Average of the stock is 66.81, while the 200-Day Moving Average is calculated to be 55.28.
Shares Statistics:
ASO traded an average of 1.15M shares per day over the past three months and 898.82k shares per day over the past ten days. A total of 76.71M shares are outstanding, with a floating share count of 72.93M. Insiders hold about 1.64% of the company’s shares, while institutions hold 104.91% stake in the company. Shares short for ASO as of Feb 15, 2024 were 8.8M with a Short Ratio of 7.62, compared to 9M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 11.86% and a Short% of Float of 22.32%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.36, ASO has a forward annual dividend rate of 0.36. Against a Trailing Annual Dividend Yield of 0.50%, it implies a Forward Annual Dividend Yield of 0.51%.
Earnings Estimates
The firm’s stock currently is rated by 17 analysts. On average, analysts expect EPS of $2.28 for the current quarter, with a high estimate of $2.42 and a low estimate of $2.02, while EPS last year was $2.04. The consensus estimate for the next quarter is $1.41, with high estimates of $1.6 and low estimates of $1.21.
Analysts are recommending an EPS of between $7.18 and $6.78 for the fiscal current year, implying an average EPS of $7.04. EPS for the following year is $7.53, with 17 analysts recommending between $7.85 and $7.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 15 analysts. It ranges from a high estimate of $1.87B to a low estimate of $1.75B. As of the current estimate, Academy Sports and Outdoors Inc’s year-ago sales were $1.75B, an estimated increase of 2.50% from the year-ago figure.
A total of 17 analysts have provided revenue estimates for ASO’s current fiscal year. The highest revenue estimate was $6.23B, while the lowest revenue estimate was $6.11B, resulting in an average revenue estimate of $6.15B. In the same quarter a year ago, actual revenue was $6.4B, down -3.80% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $6.39B in the next fiscal year. The high estimate is $6.69B and the low estimate is $6.19B. The average revenue growth estimate for next year is up 3.80% from the average revenue estimate for this year.
