|Bid||14.77 x 900|
|Ask||14.79 x 800|
|Day's Range||14.26 - 15.23|
|52 Week Range||12.05 - 15.71|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of Academy Sports & Outdoors may have dropped below their $13 initial public offering price on their first day of trading, but CEO Ken Hicks is still excited that the sporting goods discount store chain went public. The next steps for the Katy, Texas, retailer include paying down its $1.4 billion in debt, adding more stores, and giving people more of a reason to come into their existing 259 stores, said Hicks, who is also Academy’s (ticker: ASO) chairman and president. This is good for Academy Sports, which sells outdoor sporting equipment—such as tents, kayaks, and hiking backpacks—in addition to athletic gear and hunting clothing and gear.
Academy Sports and Outdoors CEO Ken Hicks joins Yahoo Finance’s Zack Guzman to discuss the company's public debut on the NASDAQ.
Academy Sports & Outdoors Inc. shares sank 3.5% after trading began at 11:39 am ET. The sporting goods and recreation retailer priced at $13 on Thursday, below the initial public offering range between $15 and $17. The company raised $203 million by offering 15.6 million shares, 19% less in proceeds than had been anticipated, according to Renaissance IPO ETF . Academy Sports is listed on the Nasdaq with the ticker "ASO," with underwriters including Credit Suisse, JPMorgan, and B. of A. Securities. The Texas-based company had net sales of $4.8 billion in 2019, according to its prospectus, and has a regional focus in the southern U.S. The company was originally founded in 1938 and currently has 239 locations across 16 states along with e-commerce capabilities. The company stayed open during COVID-19 lockdowns due to its essential product offerings. Among its merchandise are hunting and fishing gear, bicycles, tents and fitness equipment and apparel.