Academy Sports and Outdoors (NASDAQ:ASO) Updates FY 2026 Earnings Guidance

Academy Sports and Outdoors (NASDAQ:ASO) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 6.100-6.600 for the period, compared to the consensus earnings per share estimate of 5.980. The company issued revenue guidance of $6.2 billion-$6.4 billion, compared to the consensus revenue estimate of $6.2 billion. Academy Sports and Outdoors also updated its Q1 2026 guidance to EPS.

Analysts Set New Price Targets

A number of equities analysts have commented on ASO shares. Guggenheim upped their target price on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays upped their target price on shares of Academy Sports and Outdoors from $49.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Wednesday. UBS Group dropped their target price on shares of Academy Sports and Outdoors from $60.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Academy Sports and Outdoors in a research note on Monday, December 29th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Tuesday, March 17th. Five research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $58.43.

Academy Sports and Outdoors Stock Down 0.9%

Shares of NASDAQ ASO traded down $0.52 during midday trading on Thursday, reaching $55.68. 1,385,559 shares of the company’s stock traded hands, compared to its average volume of 1,566,734. The company has a quick ratio of 0.44, a current ratio of 1.89 and a debt-to-equity ratio of 0.22. The stock’s 50 day simple moving average is $57.31 and its 200-day simple moving average is $53.14. Academy Sports and Outdoors has a one year low of $34.77 and a one year high of $62.44. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 10.01, a P/E/G ratio of 0.89 and a beta of 1.21.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, March 17th. The company reported $1.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.08). Academy Sports and Outdoors had a net margin of 6.22% and a return on equity of 17.88%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the business posted $1.96 earnings per share. Academy Sports and Outdoors’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts predict that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 20th will be paid a dividend of $0.15 per share. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, March 20th. Academy Sports and Outdoors’s payout ratio is 10.79%.

More Academy Sports and Outdoors News

Here are the key news stories impacting Academy Sports and Outdoors this week:

• Positive Sentiment: Company raised FY2026 guidance: management now expects EPS of 6.10–6.60 (above the ~5.98 consensus) and revenue of $6.2B–$6.4B (vs. ~$6.2B consensus). This beats street EPS expectations and signals stronger-than-expected full-year profitability.
• Positive Sentiment: Guggenheim raised its price target to $65 and kept a “buy” rating — a meaningful upside signal from a major shop that can support buyer interest. Guggenheim raises PT to $65
• Positive Sentiment: Company presentations and investor-day materials (slides and transcripts) were published this week, providing detail on strategy, margin opportunity and capital allocation — useful for analysts and likely to support conviction among buy-side attendees. Analyst/Investor Day Slideshow Analyst/Investor Day Transcript J.P. Morgan presentation
• Neutral Sentiment: Q1 FY2026 guidance provided revenue guidance (~$1.4B) roughly in line with consensus, but the company did not give an EPS figure for the quarter — leaves near-term earnings visibility incomplete.
• Neutral Sentiment: Other brokers adjusted targets: Barclays raised its PT to $55 and Wells Fargo to $56 but both maintain “equal weight” ratings (their implied targets show limited upside vs. current levels), a mixed signal for near-term momentum. Barclays/Wells Fargo notes
• Neutral Sentiment: Media and analyst pieces highlight conflicting views across consumer cyclical coverage — useful context but not a direct catalyst. Globe & Mail: Conflicting sentiments AmericanBankingNews analysis MSN: Positive guidance update

Institutional Investors Weigh In On Academy Sports and Outdoors

Several institutional investors have recently bought and sold shares of ASO. Royal Bank of Canada boosted its stake in Academy Sports and Outdoors by 8.5% in the first quarter. Royal Bank of Canada now owns 59,775 shares of the company’s stock valued at $2,726,000 after acquiring an additional 4,665 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Academy Sports and Outdoors by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,472 shares of the company’s stock valued at $1,846,000 after acquiring an additional 1,257 shares in the last quarter. United Services Automobile Association acquired a new stake in Academy Sports and Outdoors in the first quarter valued at approximately $223,000. Strs Ohio acquired a new stake in Academy Sports and Outdoors in the first quarter valued at approximately $128,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Academy Sports and Outdoors by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock valued at $62,000 after acquiring an additional 657 shares in the last quarter.

About Academy Sports and Outdoors

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.