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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 coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; baseball, football, basketball, soccer, golf, racket sports, volleyball, fitness equipment, fitness accessories, and nutrition; and patio equipment, outdoor cooking, wheeled goods, trampolines, play sets, watersports, pet equipment, electronics, and watches.
It also offers outdoor apparel, seasonal apparel, denim, work apparel, graphic t-shirts, and accessories; boys and girls outdoor and athletic apparel; sporting apparel, apparel for fitness and exercise, and other accessories; professional and collegiate team licensed apparel and accessories; casual shoes and slippers, work and western boots, youth footwear, socks, and hunting footwear; and running shoes, athletic shoes, sport specific shoes, and training shoes.
The company sells its products under the Academy Sports + Outdoors, Magellan Outdoors, BCG, O'rageous, and Outdoor Gourmet brand names.
As of January 30, 2021, 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.
Academy Sports and Outdoors, Inc. reported 2nd Quarter July 2021 earnings of $2.34 per share on revenue of $1.8 billion. The consensus earnings estimate was $1.54 per share on revenue of $1.7 billion.
The company said it expects fiscal 2022 earnings of $5.45 to $5.80 per share on revenue of $6.465 billion to $6.62 billion. The company's previous guidance was earnings of $4.15 to $4.50 per share and the current consensus earnings estimate is $4.98 per share on revenue of $6.17 billion for the year ending January 31, 2022.
With the holidays approaching, this stock should have a significant rise in sales leading it to break out of its "bullish cup and handle" formation.
Entry Point: $44.75
Trading Range: $14.94 - $48.17
Stop Loss: $42.50
Target Price: $49.20
