Academy Sports and Outdoors Inc. (NASDAQ:ASO) marked $45.96 per share on Wednesday, down from a previous closing price of $47.13. While Academy Sports and Outdoors Inc. has underperformed by -2.48%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ASO rose by 7.63%, with highs and lows ranging from $51.51 to $25.10, whereas the simple moving average jumped by 17.48% in the last 200 days.
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On September 09, 2022, Loop Capital started tracking Academy Sports and Outdoors Inc. (NASDAQ: ASO) recommending Buy. A report published by Morgan Stanley on August 15, 2022, Initiated its previous ‘Equal-Weight’ rating for ASO. Truist also rated ASO shares as ‘Buy’, setting a target price of $53 on the company’s shares in an initiating report dated May 11, 2022. Goldman December 14, 2021d the rating to Buy on December 14, 2021, and set its price target from $47 to $58. Oppenheimer initiated its ‘Outperform’ rating for ASO, as published in its report on December 14, 2021. Wedbush’s report from October 26, 2021 suggests a price prediction of $54 for ASO shares, giving the stock a ‘Outperform’ rating. Oppenheimer also rated the stock as ‘Outperform’.
Analysis of Academy Sports and Outdoors Inc. (ASO)
ASO currently pays a dividend of $0.30 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -5.80%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Academy Sports and Outdoors Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 43.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.40, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.76M can be a very valuable indicator of volatility for ASO stock. On a monthly basis, the volatility of the stock is set at 3.99%, whereas on a weekly basis, it is put at 3.34%, with a loss of -3.87% over the past seven days. Furthermore, long-term investors anticipate a median target price of $59.55, showing growth from the present price of $45.96, which can serve as yet another indication of whether ASO is worth investing in or should be passed over.
How Do You Analyze Academy Sports and Outdoors Inc. Shares?
The USA based company Academy Sports and Outdoors Inc. (ASO) is one of the biggest names in Specialty Retail. When comparing Academy Sports and Outdoors Inc. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 6.39, there is a growth in quarterly earnings of 11.90%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.60%. This can enable you to see the extent to which executives own the company’s stock.
Are institutional investors increasing their holdings in ASO shares?
The recent increase in stakes in ASO appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in ASO has increased by 0.31% in the first quarter. The company now owns 12,581,000 shares of the stock, with a value of $541.99 million, following the purchase of 39,073 additional shares during the last quarter. Fidelity Management & Research Co made another decreased to its shares in ASO during the first quarter, downing its stake by -4.81%. During the last quarter, the company picked up -595,022 additional shares for a total stake of worth $507.29 million, bringing number of shares owned by the company to 11,775,434.
During the first quarter, The Vanguard Group, Inc. added a 27,703 position in ASO. SSgA Funds Management, Inc. purchased an additional 0.13 million shares in the last quarter, increasing its holdings by 4.68%, now holding 2.97 million shares worth $127.81 million. At the end of the first quarter, Dimensional Fund Advisors LP increased its ASO holdings by 89.52% and now holds 2.05 million ASO shares valued at $88.16 million with the added 0.97 million shares during the period.