 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Academy Sports and Outdoors, Inc. (ASO) operates as a sporting goods and outdoor recreational products retailer in the United States. 
The company sells its products under the Academy Sports + Outdoors, Magellan Outdoors, BCG, O'rageous, Outdoor Gourmet, and Freely brand names. As of June 14, 2022, it operated 260 retail locations in 16 contiguous 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; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furnitur.
On September 7th, ASO reported 2nd Quarter July 2022 earnings of $2.30 per share on revenue of $1.7 billion. The consensus earnings estimate was $2.07 per share on revenue of $1.7 billion.
The company said it expects fiscal 2023 earnings of $6.75 to $7.50 per share and continues to expect revenue of $6.43 billion to $6.63 billion. The company's previous guidance was earnings of $6.55 to $7.25 per share.
Shares have formed a bullish "flag" and are expected to move higher from this formation.
Entry Point: $49.50
Stop Loss: $46.50
Trading Range: $25.10 to $51.08
Target Price: $54.50
