15 NASDAQ Stocks with the Lowest P/E Ratios

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5. Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Forward P/E ratio: 6.68

No. of Hedge Fund Holders: 30

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) is a leading sporting goods and outdoor recreation retailer. The company’s outdoor division sells products related to camping, fishing, and hunting, including firearms and ammunition. The sports and recreation division provides sports and fitness equipment, accessories, and nutrition supplies. The company also operates apparel and footwear divisions.

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) is expected to have faced headwinds from a tough macroeconomic environment during Q4 FY2024. However, the company remains focused on growth through new stores. The company has opened 16 new stores in 2024 and plans to open 20 to 25 new locations in 2025, raising its unit count by 7.5%. As the company continues to experience growth, it plans to open 160 to 180 stores over the next five years.

On March 17, Telsey Advisory Group analyst Cristina Fernandez reiterated a price target of $60 on ASO, maintaining an Outperform rating on the shares. The analyst remains optimistic regarding ASO’s prospects, considering its expansion. ASO is one of the cheapest stocks trading on NASDAQ.

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