English
French
German
Italian
Russian
Spanish
Academy Sports and Outdoors shares ‘too inexpensive’ claims Baird analyst
Academy Sports and Outdoors shares ‘too inexpensive’ claims Baird analyst By Investing.com
Breaking News
‘;
Stock Markets 48 minutes ago (Mar 22, 2023 12:09PM ET)
(C) Reuters. Academy Sports and Outdoor (ASO) shares ‘too inexpensive’ claims Baird analyst
By Sam Boughedda
Academy Sports + Outdoors (NASDAQ:ASO) was started with an Outperform rating and $80 per share price target by Baird analysts on Wednesday.
The analysts described the company as a “leading sporting goods/outdoor recreation retailer, with a broad/diversified assortment, value-oriented pricing strategy, best-in-sector store productivity, and significant unit growth runway.”
“While some market participants still believe/fear ASO is materially ‘over-earning’, several structural/self-help business model improvements implemented pre-pandemic have created a strong foundation for continued profitable growth,” they wrote.
The analysts added that the sporting goods and the outdoor sector is large and fragmented, but ASO can grow its 5% share as it has a “broad/diversified assortment and value-oriented pricing strategy.” In addition, they stated structural business model improvements by ASO have created a strong foundation for future growth.
“The stock has been a homerun since the October 2020 IPO, but with ~LDD% EBIT margins sustainable and footage growth accelerating, shares simply look too inexpensive at ~9x FY23E GAAP EPS,” the analysts concluded.
Academy Sports and Outdoors shares ‘too inexpensive’ claims Baird analyst
Terms And Conditions
Privacy Policy
Risk Warning
Do not sell my personal information
(C) 2007-2023 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
