How to Buy Academy Sports Stock [2024]

Summary: Academy Sports, one of the biggest sports retailers in the US, is publicly listed on the NASDAQ under the ticker ASO, which means you can easily buy Academy Sports stock with online brokers like eToro.

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About Academy Sports

Academy Sports + Outdoors (NASDAQ: ASO) is an American sporting goods discount store chain. Boasting over 270 outlets across the US, they provide an extensive range of quality gear for hunting, fishing, and camping, as well as sports and leisure items, clothing, footwear, and more. The company has its headquarters in Katy, TX, located near Houston.

Over the last several decades, the company has grown substantially to $6.4 billion in sales in fiscal 2022.

Academy Sports is listed on the NASDAQ exchange under the stock symbol ASO and is a constituent of the S&P 600 index.

How to Buy Academy Sports Stock | Step-by-Step

To buy Academy Sports stock, follow these five simple steps.

If you’re interested in sports stocks, learn more about publicly traded sports teams to invest in.

Step 1: Choose a broker

Before you can start investing, you need to select a reputable broker that aligns with your financial goals and offers a platform suited to your investment style and needs.

We recommend using eToro, which is fully regulated and offers the following features:

Commission-free stock and ETF trading;
2,000+ stocks from 17 exchanges;
Fractional shares;
User-friendly platform.

Highly Rated Stock Trading & Investing Platform

Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

How to choose the best online broker?

When assessing brokers, consider these factors:

Product listings: Verify that the broker provides access to ASO;
Pricing: Verify they offer affordable and competitive rates, preferably commission-free stock trading. Be aware of hidden fees, such as inactivity fees or withdrawal charges;
Regulation: Ensure the broker is regulated by all relevant financial authorities;
Security: Confirm the platform has implemented strong cybersecurity measures to protect your data and funds;
Fractional shares: Fractional shares allow investors to buy stocks based on the dollar value, which is particularly useful for investors on a tight budget or those intending to implement a dollar-cost averaging (DCA) strategy.

Step 2: Open an account

Register for an account on the broker’s website, providing personal details and financial information and, in some cases, answering questions about your investment experience.

Step 3: Fund your account

Before you can start investing, you need to fund your account. Typically, various funding channels will be available to you, including bank transfers, debit or credit card transactions, or third-party payment services such as PayPal (PYPL).

Step 4: Place your order

Now that your account is funded, you can place an order to buy ASO. To do so, follow these steps:

Navigate to the stock’s detail page: Search Academy Sports using its ticker symbol ASO;
Decide how you want the order to be executed: Choose between a market (an order to buy the stock immediately at the best available price) and a limit order (an order to buy at a specific price or better);
Determine quantity: Decide how many shares you want to buy or what dollar value you like to invest;
Double-check: Review all the details before placing the order;
Place your order: Press ‘Trade’ or ‘Buy’ to submit the order to your broker for execution.

Step 5: Monitor your investment

It’s imperative to regularly recalibrate your investment strategy in light of personal financial shifts or market trends. Yet, while staying informed is key, acting hastily on fleeting market fluctuations may prove detrimental. Remember, successful investing rewards patience and foresight, and excessive trading can escalate costs and tax implications.

Academy Sports stock price today

Pros and cons of buying Academy Sports stock

Pros

Diverse product range: Academy Sports offers a wide array of products, from sports equipment to outdoor recreation goods, which can cater to a diverse customer base;
Physical and online presence: With both brick-and-mortar stores and an online platform, they can cater to a wide range of consumer preferences;
Recreation trend: Especially post-pandemic, there’s been a surge in outdoor and home-based recreational activities, which might boost sales for companies like Academy Sports.

Cons

Competitive sector: The sporting goods and outdoor retail sector is highly competitive, with several major players vying for market share;
Economic sensitivity: Retail, especially discretionary retail like sporting goods, can be sensitive to economic downturns;
Brick-and-mortar overhead: Physical stores have higher operational costs and can be at risk if there’s a shift in consumer preference towards online shopping.

In conclusion

In short, to buy Academy Sports stock, follow these five steps:

Select a broker;
Register an account;
Deposit funds;
Buy Academy Sports stock;
Periodically monitor your position in ASO and adjust your portfolio accordingly.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Academy Sports stock