Long Position on ASO @ $16.25 on 11/17/2020 (Fundamentals)

Academy Sports and Outdoors, Inc. (ASO), through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States.

The company sells a range of sporting and outdoor recreation products, including sporting equipment, apparel, footwear, camping gear, patio furniture, outdoor cooking equipment, and hunting and fishing gears primarily under the Academy Sports + Outdoors, Magellan Outdoors, BCG, O'rageous, and Outdoor Gourmet brand names.

As of August 1, 2020, it operated 259 Academy Sports + Outdoors retail locations in 16 states and three distribution centers located in Katy, Texas, Twiggs County, Georgia, and Cookeville, Tennessee.

The company also sells merchandise to customers via academy.com website.

This recent IPO should have share prices heading higher as sales are expected to rise with the holiday season approaching.

Entry Point: $16.25

Trading Range: $12.05 - $18.07

Stop Loss: $15.45

Target Price: $17.85

Updates

12/10/2020 10:08:15 AM

ASO closed at $18.

Position closed on 12/10/2020 at price of $18.00 with a 10.77% gain in 23 days.

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