- Shares of retailer Academy Sports and Outdoors, Inc. (ASO) are down 35% from their all-time high set in November 2021 despite an outstanding 3QFY21 earnings report in December.
- Fear of a slower economy in 2022 due to anticipated Fed rate hikes has most of the retail stocks pointed south.
- With a price-to-FY21E sales of .45, an EV/TTM Adj. EBITDA multiple of 3.3, strong comps, a share buyback program, and insider buying, Academy merited a deeper dive.
- A full investment analysis follows in the paragraphs below.
For further details see:
Academy Sports and Outdoors: A Passing Assessment