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Tuesday, December 5, 2023

There Is A Quest For Clarity Surrounding Academy Sports and Outdoors Inc (NASDAQ: ASO) Volatility

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 $0.34, or 0.70%, to $49.21. The Academy Sports and Outdoors Inc has recorded 41,104 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Academy Sports + Outdoors Announces President Transition.

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Stocks Info

ASO belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Specialty Retail industry. At the end of the last regular session, the stock closed at $48.87 and fluctuated between $49.36 as its day high and $48.37 as its day low. The current market capitalization of Academy Sports and Outdoors Inc is $3.64B. A total of 1.14 million shares were traded on the day, compared to an average of 1.67M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ASO has seen 13 BUY and 10 SELL insider trades, representing the acquisition of 80,901 and the disposition of 77,662 shares. Over the last 12 months, there were 85 BUYs and 69 SELLs from insiders. Insiders purchased 662,136 shares during that period but sold 741,266.

In the most recent transaction, Tweedy Jeffrey C. sold 700 shares of ASO for 46.66 per share on Sep 28. After the transaction, the Director now owns 11,200 company shares. In a previous transaction on Sep 12, Johnson Samuel J sold 40,531 shares at 50.03 per share. ASO shares that EVP, Retail Operations owns now total 70,303.

Among the insiders who sold shares, Tweedy Jeffrey C. disposed of 300 shares on Sep 12 at a per-share price of $49.44. This resulted in the Director holding 11,900 shares of ASO after the transaction. In another insider transaction, Davis Heather A. sold 15,907 shares at $51.33 per share on Sep 06. Company shares held by the SVP-Accounting Treasury Tax now total 15,907.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Academy Sports and Outdoors Inc pays an annual dividend of $0.36, resulting in a dividend yield of 0.74%, and it has a price to earnings (P/E) ratio of 7.20. ASO’s most recent ex-dividend date was 9/12/2023 when it declared a $0.09 quarterly dividend that was paid in cash on 10/11/2023. Previously, the company paid the dividend on 7/13/2023 with an ex-dividend date of 6/14/2023. The ASO stock dividend was $0.09 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ASO in the last 3 months, the mean price target is $67.59 with high estimates of $85.00 and low estimates of $56.00. In terms of 52-week highs and lows, ASO has a high of $69.02 and a low of $40.78.

As of this writing, ASO has an earnings estimate of $1.63 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $1.78 per share and a lower estimate of $1.47. The company reported an EPS of $1.3 in the last quarter, which was -21.20% lower than expectations of $1.65.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ASO’s latest balance sheet shows that the firm has $486.00M in Cash & Short Term Investments as of fiscal 2022. There were $1.85B in debt and $1.13B in liabilities at the time. Its Book Value Per Share was $23.22, while its Total Shareholder’s Equity was $1.47B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 4.87.

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