Why Academy Sports and Outdoors Inc’s (ASO) Stock Is Up 7.46% (2024)

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Academy Sports and Outdoors Inc before investing.

In this article, we go over a few key elements for understanding Academy Sports and Outdoors Inc’s stock price such as:

Before we jump into Academy Sports and Outdoors Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Academy Sports and Outdoors, Inc. is a full-line sporting goods and outdoor recreation retailer in the United States. The Company's product assortment is focused on key categories of outdoor, apparel, sports and recreation, and footwear through both national brands and a portfolio of 19 private label brands. It has preferred access to national brands, such as Nike, Under Armour, adidas, Winchester, Columbia Sportswear, Brooks, Skechers, Yeti and Carhartt. Its private label brand portfolio consists of Academy Sports + Outdoors, Magellan Outdoors, BCG, O'rageous, Game Winner, Outdoor Gourmet, Freely and R.O.W. Its primary product types include coolers and drinkware, camping accessories and camping equipment; fitness equipment, fitness accessories and nutrition supplies; outdoor apparel, seasonal apparel, denim, work apparel, graphic t-shirts and accessories; casual shoes, slippers, seasonal footwear, socks; boys and girls footwear, and work and western boots, shoes and hunting footwear.

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As of July 16, 2024, 4:00 PM, CST, Academy Sports and Outdoors Inc’s stock price was $57.02.

Academy Sports and Outdoors Inc is up 7.46% from its previous closing price of $53.06.

During the last market session, Academy Sports and Outdoors Inc’s stock traded between $52.16 and $53.83. Currently, there are 73.99 million shares of Academy Sports and Outdoors Inc stock available for purchase.

Academy Sports and Outdoors Inc’s price-earnings (P/E) ratio is currently at 8.1, which is low compared to the Retailers - Apparel & Accessories industry median of 13.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Academy Sports and Outdoors Inc’s (ASO) price is currently up 7.08% so far this month.

During the month of July, Academy Sports and Outdoors Inc’s stock price has reached a high of $57.34 and a low of $50.10.

Over the last year, Academy Sports and Outdoors Inc has hit prices as high as $75.73 and as low as $42.83. Year to date, Academy Sports and Outdoors Inc’s stock is up 8.53%.

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Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 15, 2024, there were 7 analysts who downgraded Academy Sports and Outdoors Inc’s stock and 5 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Academy Sports and Outdoors Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Academy Sports and Outdoors Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Academy Sports and Outdoors Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Academy Sports and Outdoors Inc (ASO) by visiting AAII Stock Evaluator.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 15, 2024, Academy Sports and Outdoors Inc has a weighted four-quarter relative price strength of -8.09%, which translates to a Momentum Score of 39 and is considered to be Weak.

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As of July 16, 2024, Academy Sports and Outdoors Inc’s stock price is $57.02, which is up 7.46% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Academy Sports and Outdoors Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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