Momentum Is Strong For Academy Sports and Outdoors Inc (NASDAQ: ASO)

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Academy Sports + Outdoors Announces Executive Appointment.

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Stocks Info

This NASDAQ-listed company operates within the Specialty Retail industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $65.33 and fluctuated between $67.04 as its day high and $65.14 as its day low. The current market capitalization of Academy Sports and Outdoors Inc is $4.84B. A total of 1.0 million shares were traded on the day, compared to an average of 1.54M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ASO has seen 2 BUY and 3 SELL insider trades, representing the acquisition of 2,517 and the disposition of 2,314 shares. Over the last 12 months, there were 71 BUYs and 56 SELLs from insiders. Insiders purchased 438,324 shares during that period but sold 398,746.

In the most recent transaction, Tweedy Jeffrey C. sold 1,065 shares of ASO for 64.81 per share on Jan 02. After the transaction, the Director now owns 9,070 company shares. In a previous transaction on Nov 15, Tweedy Jeffrey C. sold 1,065 shares at 50.00 per share. ASO shares that Director owns now total 10,135.

Among the insiders who sold shares, Tweedy Jeffrey C. disposed of 700 shares on Sep 28 at a per-share price of $46.66. This resulted in the Director holding 11,200 shares of ASO after the transaction. In another insider transaction, Johnson Samuel J sold 40,531 shares at $50.03 per share on Sep 12. Company shares held by the EVP, Retail Operations now total 70,303.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Academy Sports and Outdoors Inc pays an annual dividend of $0.36, resulting in a dividend yield of 0.55%, and it has a price to earnings (P/E) ratio of 10.08. ASO’s most recent ex-dividend date was 12/12/2023 when it declared a $0.09 quarterly dividend that was paid in cash on 1/10/2024. Previously, the company paid the dividend on 10/11/2023 with an ex-dividend date of 9/12/2023. The ASO stock dividend was $0.09 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, ASO has a high of $69.02 and a low of $42.83.

As of this writing, ASO has an earnings estimate of $United States Oil Fund per share for the current quarter. EPS was calculated based on a consensus of Southern Company (The) estimates, with a high estimate of $ASE Technology Holding Co., Ltd per share and a lower estimate of $AutoZone, Inc.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $24.18, while its Total Shareholder’s Equity was $1.47B.

Analysts Opinion

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. 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 4.88.

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