Academy Sports And Outdoors: Remain Neutral Until Shrink Improves And New Strategy Shows Traction [Seeking Alpha]
Academy Sports and Outdoors, Inc. (ASO)
Company Research
Source: Seeking Alpha
Gross margin expanded, but operating expenses increased, leading to a decline in EBIT margin and lower-than-expected EPS. ASO plans to open 15-17 new stores in FY24 and focus on penetrating smaller markets, which could drive growth in the future. Investment action I downgraded Academy Sports and Outdoors ( NASDAQ: ASO ) from buy to neutral when I wrote about it the last time as I was worried about the weakening consumer spending profile, which could put further pressure on near-term growth. Based on my current outlook and analysis, I still recommend a hold rating, mainly because I want to see a reduction in shrink headwinds and ASO gaining positive traction in penetrating smaller markets. That said, an 11% upside over a 1-year period could be interesting for investors who have a lower return hurdles. Review ASO reported 4Q23 positive sales growth of 2.8% y/y to $1.795 billion, in line with consensus estimates of $1.8 billion, which was mainly driven by store openings as sam
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ASO
News
- Academy Sports and Outdoors, Inc. (NASDAQ: ASO) had its price target lowered by analysts at Wells Fargo & Company from $83.00 to $80.00. They now have an "overweight" rating on the stock.MarketBeat
- Bear of the Day: Academy Sports and Outdoors (ASO) [Yahoo! Finance]Yahoo! Finance
- Academy Sports and Outdoors, Inc. (NASDAQ: ASO) had its price target lowered by analysts at Evercore ISI from $75.00 to $70.00. They now have an "outperform" rating on the stock.MarketBeat
- 3 Top-Ranked Small-Cap Blend Mutual Funds to Invest In [Yahoo! Finance]Yahoo! Finance
- Academy Sports and Outdoors, Inc. (NASDAQ: ASO) is now covered by analysts at Jefferies Financial Group Inc.. They set a "buy" rating and a $85.00 price target on the stock.MarketBeat
ASO
Earnings
- 3/21/24 - Miss
ASO
Sec Filings
- 4/24/24 - Form 4
- 4/23/24 - Form 144
- 4/19/24 - Form ARS
- ASO's page on the SEC website