JPMorgan Chase & Co. Has Lowered Expectations for Academy Sports and Outdoors (NASDAQ:ASO) Stock Price

Academy Sports and Outdoors (NASDAQ:ASO) had its target price cut by JPMorgan Chase & Co. from $60.00 to $59.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 19.11% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company reissued a “hold” rating on shares of Academy Sports and Outdoors in a research report on Wednesday. UBS Group reduced their price target on Academy Sports and Outdoors from $60.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Guggenheim increased their price objective on Academy Sports and Outdoors from $60.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Jefferies Financial Group reissued a “buy” rating and issued a $61.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, March 17th. Finally, Stephens assumed coverage on Academy Sports and Outdoors in a report on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.44.

Academy Sports and Outdoors Stock Down 1.7%

NASDAQ ASO traded down $0.84 during trading on Wednesday, reaching $49.54. The company’s stock had a trading volume of 322,907 shares, compared to its average volume of 1,477,632. The company has a current ratio of 1.89, a quick ratio of 0.44 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.20 billion, a PE ratio of 8.91, a PEG ratio of 0.80 and a beta of 1.04. The business has a 50-day moving average price of $54.33 and a 200-day moving average price of $54.65. Academy Sports and Outdoors has a 1-year low of $41.29 and a 1-year high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Academy Sports and Outdoors had a net margin of 6.22% and a return on equity of 17.88%. Academy Sports and Outdoors’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. On average, research analysts forecast that Academy Sports and Outdoors will post 5.93 earnings per share for the current fiscal year.

Insider Activity at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 4,000 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $60.00, for a total value of $240,000.00. Following the completion of the sale, the director directly owned 7,835 shares of the company’s stock, valued at approximately $470,100. This represents a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.62% of the stock is currently owned by company insiders.

Institutional Trading of Academy Sports and Outdoors

A number of hedge funds have recently bought and sold shares of ASO. Royal Bank of Canada raised its position in shares of Academy Sports and Outdoors by 8.5% during the first quarter. Royal Bank of Canada now owns 59,775 shares of the company’s stock valued at $2,726,000 after buying an additional 4,665 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Academy Sports and Outdoors by 3.2% during 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 during the period. United Services Automobile Association acquired a new position in Academy Sports and Outdoors in the 1st quarter valued at approximately $223,000. Strs Ohio bought a new stake in shares of Academy Sports and Outdoors in the 1st quarter worth approximately $128,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Academy Sports and Outdoors by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock worth $62,000 after purchasing an additional 657 shares in the last quarter.

Academy Sports and Outdoors News Roundup

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

• Positive Sentiment: Academy Sports reported Q1 adjusted EPS of $0.93, topping estimates, while revenue of $1.44 billion matched expectations and grew 6.7% year over year. Comparable sales rose 2.9%, e-commerce sales jumped 17.4%, and new-store performance was strong. Article Title
• Positive Sentiment: The company raised FY 2026 guidance, with EPS now projected at $6.40-$6.80 versus the prior Street view of about $6.31, and revenue guidance of $6.2 billion-$6.4 billion. Investors typically view raised guidance as a sign management expects momentum to continue. Article Title
• Positive Sentiment: Operational details were also constructive: traffic and average ticket both improved, GAAP EPS rose 17.6%, adjusted EPS increased 22.4%, and the company opened two new stores, signaling continued expansion. Article Title
• Neutral Sentiment: Several follow-up articles and transcripts highlighted the same earnings beat and upbeat sales acceleration thesis, reinforcing the market’s positive read-through rather than adding new downside risk. Article Title
• Negative Sentiment: Management cautioned that consumers may remain under pressure through 2026, which could limit discretionary spending and temper the pace of future growth. Article Title

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.