Long Position on ASO @ $31.50 on 4/20/2021 (Fundamentals)

Academy Sports and Outdoors, Inc. (ASO), through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United 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; baseball, football, basketball, soccer, golf, racket sports, volleyball, fitness equipment, fitness accessories, and nutrition; and patio equipment, outdoor cooking, wheeled goods, trampolines, play sets, watersports, pet equipment, electronics, and watches.

It also offers outdoor apparel, seasonal apparel, denim, work apparel, graphic t-shirts, and accessories; boys and girls outdoor and athletic apparel; sporting apparel, apparel for fitness and exercise, and other accessories; professional and collegiate team licensed apparel and accessories; casual shoes and slippers, work and western boots, youth footwear, socks, and hunting footwear; and running shoes, athletic shoes, sport specific shoes, and training shoes.

The company sells its products under the Academy Sports + Outdoors, Magellan Outdoors, BCG, O'rageous, and Outdoor Gourmet brand names.

As of January 30, 2021, it operated 259 Academy Sports + Outdoors retail locations in 16 states and three distribution centers located in Katy, Texas, Twiggs County, Georgia, and Cookeville, Tennessee.

The company also sells merchandise to customers through academy.com website.

After gaining nearly 20% last month, this stock is sure to see higher share prices in the coming weeks.

Entry Point: $31.50

Stop Loss: $30.00

Trading Range: $12.05 - $33.74

Target Price: $34.65

Updates

5/6/2021 9:32:37 AM

ASO closed at $35.15

Position closed on 5/6/2021 at price of $35.15 with a 11.59% gain in 16 days.

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