The Latest Breaking News from ASO

A women’s edition of cycling’s biggest race has been top of the wishlist for many riders for so long

A women’s edition of cycling’s biggest race has been top of the wishlist for many riders for so long.

Stephens analyst Daniel Imbro raised the price target on Academy Sports and Outdoors Inc (NASDAQ:ASO) to $70 from $68 and maintained an Overweight rating on the shares. The revised price target implies a 75% upside. The analyst cites the company's Q4 as another quarter of solid margin leverage. The analysts added that the current valuation…

Academy Sports And Outdoors Inc (NASDAQ:ASO) reported fourth-quarter FY21 sales growth of 13.2% year-on-year, to $1.81 billion, beating the consensus of $1.77 billion. Net sales increased 32.0% versus Q4 FY19. Comparable sales increased 13.1% versus last year. E-Commerce sales rose 22.7%. Adjusted EPS of $1.61 beat the consensus of $1.42. The gross margin…

Outdoor recreation increased with the easing of the pandemic-related restrictions last year, and 2022 is expected to follow that pattern as people become increasingly conscientious about their mental and physical well-being. Furthermore, hybrid working arrangements provide people with greater scope to participate in outdoor recreational activities. So, against this backdrop,…

Retail sales for January were the highest they’ve been in 10 months. Furthermore, with COVID-19 cases and supply chain issues subsiding, retail sales are expected to remain buoyant. Hence, we think retail stocks Academy Sports and Outdoors (ASO) and Shoe Carnival (SCVL), which have retreated more than 25% in price…

Academy Sports And Outdoors Inc (NASDAQ:ASO) Board of Directors has approved the initiation of a quarterly cash dividend. The Board declared an inaugural quarterly cash dividend for the quarter ended January 29, 2022, of $0.075 per share. The dividend is payable on April 14, 2022, to stockholders of record on March 17, 2022.…

Despite declining retail sales amid inflation and a supply crunch, consumer demand has been rebounding. As such, Wall Street analysts expect the shares of popular retailers Bath & Body Works (BBWI), Academy Sports and Outdoors (ASO), and Stitch Fix (SFIX) to rally 44% -54% in price in the coming months.…