ASO - 1 Under-the-Radar Growth Stock to Buy and Hold
2023-10-29 13:15:00 ET
With stocks like Netflix , Nvidia , and Tesla continuously dominating headlines, investors can easily miss one of the roughly 6,000 publicly traded companies between the New York Stock Exchange and Nasdaq. One stock that doesn't get much fanfare but has crushed the market with a total return of nearly 230% since going public in late 2020 is Academy Sports and Outdoors (NASDAQ: ASO) , a sporting goods retailer with 270 locations across 18 states.
Let's take a deeper look at what makes Academy a compelling under-the-radar growth stock you should consider for your next buy-and-hold investment.
Academy's journey began modestly in 1938 as a single tire shop in Texas. Over the years, it evolved from a military surplus store and ultimately transitioned into a sporting goods and outdoor retailer during the 1980s. It achieved the milestone of crossing the $1 billion mark in annual sales in fiscal year 2003 and has since maintained a steady growth trajectory, reaching $6 billion in annual sales by fiscal year 2022.
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1 Under-the-Radar Growth Stock to Buy and Hold