Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Academy Sports and Outdoors Inc before investing.

In this article, we go over a few key elements for understanding Academy Sports and Outdoors Inc’s stock price such as:

• Academy Sports and Outdoors Inc’s current stock price and volume
• Why Academy Sports and Outdoors Inc’s stock price changed recently
• Upgrades and downgrades for ASO from analysts
• ASO’s stock price momentum as measured by its relative strength

About Academy Sports and Outdoors Inc (ASO)

Before we jump into Academy Sports and Outdoors Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Academy Sports and Outdoors, Inc. is a full-line sporting goods and outdoor recreation retailer in the United States. The Company's product assortment is focused on key categories of outdoor, apparel, sports and recreation, and footwear through both national brands and a portfolio of 19 private label brands. It has preferred access to national brands, such as Nike, Under Armour, adidas, Winchester, Columbia Sportswear, Brooks, Skechers, Yeti and Carhartt. Its private label brand portfolio consists of Academy Sports + Outdoors, Magellan Outdoors, BCG, O'rageous, Game Winner, Outdoor Gourmet, Freely and R.O.W. Its primary product types include coolers and drinkware, camping accessories and camping equipment; fitness equipment, fitness accessories and nutrition supplies; outdoor apparel, seasonal apparel, denim, work apparel, graphic t-shirts and accessories; casual shoes, slippers, seasonal footwear, socks; boys and girls footwear, and work and western boots, shoes and hunting footwear.

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What Caused Academy Sports and Outdoors Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 28, 2024, there were 7 analysts who downgraded Academy Sports and Outdoors Inc’s stock and 5 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Academy Sports and Outdoors Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Academy Sports and Outdoors Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Academy Sports and Outdoors Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Academy Sports and Outdoors Inc (ASO) by visiting AAII Stock Evaluator.

Relative Price Strength of Academy Sports and Outdoors Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 28, 2024, Academy Sports and Outdoors Inc has a weighted four-quarter relative price strength of -7.60%, which translates to a Momentum Score of 42 and is considered to be Average.

Want to learn more about how Academy Sports and Outdoors Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Academy Sports and Outdoors Inc Stock Price: Bottom Line

As of July 1, 2024, Academy Sports and Outdoors Inc’s stock price is $50.66, which is down 4.86% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Academy Sports and Outdoors Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.