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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 March 16th, ASO reported Quarter January 2023 earnings of $1.99 per share on revenue of $1.7 billion. The consensus earnings estimate was $1.83 per share on revenue of $1.8 billion.
Guided Higher: The company said it expects fiscal 2024 earnings of $7.00 to $7.75 per share on revenue of $6.50 billion to $6.70 billion. The current consensus earnings estimate is $7.12 per share on revenue of $6.70 billion for the year ending January 31, 2024.
Shares have formed a bullish "cup and handle" and are expected to move higher from this formation.
Entry Point: $64.50
Stop Loss: $61.50
Trading Range: $25.10 to $67.70
Target Price: $70.50
