Sporting Goods Retail Stock Up More Than 50% in 2021

Academy Sports and Outdoors stock posted a strong closeout to 2020

facebook twitter linkedin

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) is a sporting goods and outdoor recreation retailer in the United States. The company operates 259 stores across 16 states. Academy’s product assortment includes outdoor, apparel, footwear and sports & recreation through national brands and a portfolio of 17 private label brands.

On March 30Academy Sports and Outdoors released its fourth quarter and full fiscal 2020 financial results. In its fourth-quarter report, ASO highlighted a net sales increase of 16.6% to $1.60 billion in total. The company's gross profit also increased 34.7% to $499.1 million. Academy Sports and Outdoors' net income for the fourth quarter was $91.5 million, which was a 416% year-over-year increase.

For the Academy Sports and Outdoors' full year report, annual net sales increased 17.8% to $5.69 billion. Annual gross profit also increased 21.2% to $1.73 billion. In addition, Academy Sports and Outdoors ended the year with a net income increase of 157.2% to $308.8 million in total. 

ASO has increased about 54% year-to-date, and about 1120% since its public trading debut in October. The shares recently pulled back to support at the 20-day moving average, a newly formed trendline for the equity.


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners