Dimensional Fund Advisors LP recently announced the acquisition of new stake in Academy Sports and Outdoors Inc. (NASDAQ:ASO). The institutional investor has increased its shareholding in the Consumer Cyclical company by 3.45% to 2.57 million shares with purchase of 85544.0 shares. This fresh investment now brings its stake to 3.34% valued currently at $163.1 million. In addition, Fuller & Thaler Asset Management, raised its holdings by 61981.0 to 1.96 million shares. And Invesco Advisers, Inc. has lifted its position by 160.09% or 0.91 million shares – to 1.48 million shares.
With over 1.67 million Academy Sports and Outdoors Inc. (ASO) shares trading Tuesday and a closing price of $52.67 on the day, the dollar volume was approximately $88.07 million. The shares have shown a positive half year performance of 9.52% and its price on 05/23/23 lost nearly -0.51%. Currently, there are 77.09M common shares owned by the public and among those 75.94M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 15 analysts who have offered their price forecasts for ASO have a consensus price objective of $76.07. The analysts have set the share’s price value over the next 12 months at a high of $85.00 and a low of $70.00. The average price target is 31.47% above its recent price level and an upside to the estimated low will see the stock gain 24.76% over that period. But an upside of 38.04% will see the stock hit the forecast high price target while median target price for the stock is $75.00.
Insiders at the company have transacted a total of 133 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 75 of these insider trades were purchases, accounting for 639,656 shares. Insider sales of the common stock occurred on 58 occasions, with total insider shares sold totaling 665,145 shares.
The top 3 mutual fund holders in Academy Sports and Outdoors Inc. are iShares Core S&P Small Cap ETF, Fidelity Contrafund, and Vanguard Total Stock Market ETF. iShares Core S&P Small Cap ETF owns 5.67 million shares of the company’s stock, all valued at over $360.17 million. The company sold 7361.0 shares recently to bring their total holdings to about 7.37% of the shares outstanding. Fidelity Contrafund sold 17195.0 shares to see its total holdings shrink to 3.49 million shares valued at over $221.57 million and representing 4.53% of the shares outstanding. Vanguard Total Stock Market ETF sold 35097.0 shares to bring its total holdings to over 2.41 million shares at a value of $153.31 million. Vanguard Total Stock Market ETF now owns shares totaling to 3.14% of the shares outstanding.
Shares of Academy Sports and Outdoors Inc. (NASDAQ: ASO) opened at $53.00, up $0.06 from a prior closing price of $52.94. However, the script later moved the day high at 54.04, down -0.51%. The company’s stock has a 5-day price change of -5.66% and -11.95% over the past three months. ASO shares are trading 0.25% year to date (YTD), with the 12-month market performance up to 70.84% higher. It has a 12-month low price of $25.10 and touched a high of $69.02 over the same period. ASO has an average intraday trading volume of 1.50 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.65%, -16.21%, and -1.44% respectively.
Institutional ownership of Academy Sports and Outdoors Inc. (NASDAQ: ASO) shares accounts for 108.31% of the company’s 77.09M shares outstanding. Mutual fund holders own 41.48%, while other institutional holders and individual stakeholders account for 64.53% and 25.99% respectively.
It has a market capitalization of $4.40B. The stock’s trailing 12-month PE ratio is 7.04, while the earnings-per-share (ttm) stands at $7.48. The company has a PEG of 0.64 and a Quick Ratio of 0.40 with the debt-to-equity ratio at 0.36. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.71% over the week and 3.54% over the month.
Analysts forecast that Academy Sports and Outdoors Inc. (ASO) will achieve an EPS of $1.67 for the current quarter, $2.26 for the next quarter and $8.46 for 2025. The lowest estimate earnings-per-share for the quarter is $1.56 while analysts give the company a high EPS estimate of $1.82. Comparatively, EPS for the current quarter was $1.73 a year ago. Earnings per share for the fiscal year are expected to increase by 5.10%, and 11.03% over the next financial year. EPS should shrink at an annualized rate of 11.00% over the next five years, compared to 62.30% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 15 brokerage firm advisors rate Academy Sports and Outdoors Inc. (ASO) as a “Strong Buy” at a consensus score of 1.70. Specifically, 12 Wall Street analysts polled rate the stock as a buy, while 1 of the 15 advise that investors “hold,” and 0 rated it as a “Sell.”
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