Academy Sports and Outdoors (NASDAQ:ASO) Issues Earnings Results

Academy Sports and Outdoors (NASDAQ:ASO) issued its quarterly earnings data on Wednesday. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.24, FiscalAI reports. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. Academy Sports and Outdoors updated its FY 2026 guidance to 6.500-6.900 EPS.

Academy Sports and Outdoors Stock Down 0.5%

NASDAQ:ASO opened at $44.71 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 0.36 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average of $46.75 and a 200-day moving average of $51.71. The firm has a market capitalization of $2.77 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 0.66 and a beta of 1.02. Academy Sports and Outdoors has a 52 week low of $41.29 and a 52 week high of $62.44.

Academy Sports and Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. Academy Sports and Outdoors’s dividend payout ratio is 10.56%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASO. Smartleaf Asset Management LLC grew its stake in Academy Sports and Outdoors by 12.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,742 shares of the company’s stock worth $86,000 after buying an additional 188 shares during the last quarter. CIBC Asset Management Inc increased its position in Academy Sports and Outdoors by 3.5% in the fourth quarter. CIBC Asset Management Inc now owns 6,721 shares of the company’s stock worth $336,000 after buying an additional 228 shares during the period. Maryland State Retirement & Pension System lifted its stake in Academy Sports and Outdoors by 2.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 9,792 shares of the company’s stock valued at $489,000 after buying an additional 235 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Academy Sports and Outdoors by 4.5% in the fourth quarter. Quadrant Capital Group LLC now owns 5,610 shares of the company’s stock valued at $280,000 after buying an additional 241 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Academy Sports and Outdoors by 12.4% in the second quarter. Lazard Asset Management LLC now owns 3,270 shares of the company’s stock valued at $146,000 after buying an additional 360 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ASO shares. Weiss Ratings cut Academy Sports and Outdoors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 3rd. Stephens assumed coverage on Academy Sports and Outdoors in a research note on Wednesday, May 13th. They set an “overweight” rating and a $78.00 price objective for the company. Truist Financial dropped their price objective on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating on the stock in a report on Wednesday, June 10th. UBS Group reaffirmed a “neutral” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, September 2nd. Finally, The Goldman Sachs Group reduced their target price on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $57.14.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.