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Academy Sports and Outdoors (ASO) operates as a sporting goods and outdoor recreational retailer in the United States. 
The company outdoor division comprises camping products, such as coolers and drinkware, camping accessories and equipment, sunglasses, backpacks, and sports bags; fishing products including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment.
Its sports and recreation division offers fitness equipment, fitness accessories, and nutrition supplies; team and specialty sports equipment including baseball, football, basketball, soccer, golf, racket sports, and volleyball; recreation products, which includes patio furniture, outdoor cooking, trampolines, play sets, watersports, and pet equipment, as well as wheeled goods including bicycles, skateboards, and other ride-on toys; and electronics, watches, and front-end products, such as consumables, batteries, etc.
The company's apparel division provides range of products, which includes outdoor and seasonal apparel, denim, work apparel, graphic t-shirts, and accessories; boys and girls outdoor, and athletic apparel; sporting and fitness apparel; and professional and collegiate team licensed apparel and accessories.
Its footwear division offers casual shoes, slippers, seasonal footwear, and socks; work and western boots, shoes, and hunting footwear; boys and girls athletic footwear; athletic footwear, such as running shoes, athletic lifestyle, and training shoes; and team and specialty sports footwear, and slides.
Shares are in the process of forming a bullish "flag" following its earnings report. ASO reported earnings of $2.01 per share on revenue of $1.58 billion for the fiscal second quarter ended July 2023. The consensus earnings estimate was $1.94 per share on revenue of $1.58 billion. The company beat expectations by 5.79%.
The company said it now expects fiscal 2024 non-GAAP earnings of $6.95 to $7.65 per share and continues to expect revenue of $6.18 billion to $6.37 billion. The company's previous guidance was earnings of $6.80 to $7.50 per share and the current consensus earnings estimate is $6.92 per share on revenue of $6.25 billion for the year ending January 31, 2024.
Entry Point: $54.50
Stop Loss: $52.00
Trading Range: $40.67 to $69.02
Target Price: $60.00
