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Wednesday, February 1, 2023

Investors’ Patience Is Being Tested Right Now By Academy Sports and Outdoors Inc. (NASDAQ: ASO)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Academy Sports and Outdoors Inc. (ASO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.42, or 0.80%, to $52.96. The Academy Sports and Outdoors Inc. has recorded 16,343 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Academy Sports + Outdoors Reports Third Quarter 2022 Results.

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Stocks Info

Academy Sports and Outdoors Inc. is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Specialty Retail industry. At the end of the last regular session, the stock closed at $52.54 and fluctuated between $52.87 as its day high and $51.85 as its day low. The current market capitalization of Academy Sports and Outdoors Inc. is $4.10B. A total of 1.1 million shares were traded on the day, compared to an average of 1.69M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ASO has seen 26 BUY and 18 SELL insider trades, representing the acquisition of 325,207 and the disposition of 331,201 shares. Over the last 12 months, there were 59 BUYs and 37 SELLs from insiders. Insiders purchased 536,900 shares during that period but sold 457,960.

In the most recent transaction, Maini Manish sold 600 shares of ASO for 57.85 per share on Dec 13. After the transaction, the SVP, Chief Information Officer now owns 147,639 company shares. In a previous transaction on Dec 09, Rutherford Jamey Traywick sold 72,023 shares at 54.69 per share. ASO shares that SVP, Omnichannel owns now total 36,270.

Among the insiders who sold shares, Harriman Sherry L. disposed of 11,686 shares on Dec 08 at a per-share price of $55.26. This resulted in the SVP, Logistics & Supply Chain holding 1,990 shares of ASO after the transaction. In another insider transaction, Mullican Michael P. sold 81,008 shares at $55.45 per share on Dec 08. Company shares held by the EVP & CFO now total 105,582.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Academy Sports and Outdoors Inc. pays an annual dividend of $0.30, resulting in a dividend yield of 0.57%, and it has a price to earnings (P/E) ratio of 7.40. ASO’s most recent ex-dividend date was 12/19/2022 when it declared a $0.0750 quarterly dividend that was paid in cash on 1/13/2023. Previously, the company paid the dividend on 10/13/2022 with an ex-dividend date of 9/14/2022. The ASO stock dividend was $0.0750 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ASO in the last 3 months, the mean price target is $67.75 with high estimates of $80.00 and low estimates of $58.00. In terms of 52-week highs and lows, ASO has a high of $57.85 and a low of $25.10.

As of this writing, ASO has an earnings estimate of $1.6 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $1.85 per share and a lower estimate of $1.44. The company reported an EPS of $1.73 in the last quarter, which was 22.70% higher than expectations of $1.41.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ASO is Hold with a score of 4.82. A total of 11 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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