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Man looking to buy jacket and outdoor equipment

EXTREME-PHOTOGRAPHER

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Over the past three years, Academy has donated over $1 million during the holiday seasons

KATY, Texas, Dec. 20, 2022 /PRNewswire/ — Academy Sports + Outdoors (“Academy”) announces it donated over $250,000 to its local communities this holiday season. Academy activated more than 50 holiday shopping events across its footprint to give back to thousands and surprise hundreds of shoppers through its annual “Traveling Santa” initiative at each of its 268 stores throughout December.

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Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating)’s stock price hit a new 52-week high during trading on Tuesday after Guggenheim raised their price target on the stock to $63.00. The company traded as high as $57.77 and last traded at $56.50, with a volume of 7565 shares. The stock had previously closed at $55.42.

Other research analysts have also issued research reports about the stock. TheStreet upgraded shares of Academy Sports and

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Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) had its price objective lifted by research analysts at Guggenheim to $63.00 in a note issued to investors on Monday, Stock Target Advisor reports. Guggenheim’s price objective indicates a potential upside of 15.64% from the stock’s current price.

Other research analysts have also issued reports about the company. Stephens raised their price target on Academy Sports and Outdoors from $76.00 to $80.00 and gave the stock

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Logo of jester cap with thought bubble.

Image source: The Motley Fool.

Academy Sports And Outdoors (ASO -3.70%)
Q3 2022 Earnings Call
Dec 07, 2022, 10:00 a.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Good morning, ladies and gentlemen, and welcome to the Academy Sports and Outdoors third quarter fiscal 2022 results conference call. [Operator instructions] I will now turn the call over to Matt Hodges, vice president of investor relations for Academy Sports and

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What happened

Shares of sporting goods and outdoor activities retailer Academy Sports & Outdoors (ASO -3.15%) are soaring 14.3% higher compared to where they closed last Friday, according to data from S&P Global Market Intelligence, after the company reported stronger-than-expected third-quarter earnings.

Although the top- and bottom-line numbers fell year over year, Academy said it did not feel the pressure to be as promotional with its outdoor gear as some of its rivals.

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Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided EPS guidance of $7.50-$7.65 for the period, compared to the consensus EPS estimate of $7.18. The company issued revenue guidance of $6.43 billion-$6.49 billion, compared to the consensus revenue estimate of $6.55 billion. Academy Sports and Outdoors also updated its FY23 guidance to $7.50-7.65 EPS.

Analysts Set New Price Targets

A

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Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) is set to post its quarterly earnings results on Wednesday, December 7th.

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last posted its earnings results on Wednesday, September 7th. The company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.23. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.70 billion. Academy Sports

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Marks Academy’s sixth location in the Bluegrass State

KATY, Texas, Sept. 27, 2022 /PRNewswire/ — Academy Sports + Outdoors (“Academy”) (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, is excited to announce the opening of its first Lexington, Ky. store. Located at 3220 Nicholasville Rd. #185, in South Park Shopping Center, the approximately 80,000 square-foot store brings a great assortment of sports and outdoors merchandise to Lexington. Academy

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Focused student with disability playing basketball

FG Trade/E+ via Getty Images

Background

Academy Sports and Outdoors (NASDAQ:ASO) is a US-based sporting goods and outdoor recreation retailer with 263 stores in 17 states. The company was founded by Arthur Gochman in Texas in 1938 and operated as a family business until it was purchased by private equity firm KKR (KKR) in 2011. ASO went public in October 2020 and KKR sold its remaining stake in the public market

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