Academy Sports and Outdoors (NASDAQ:ASO) Trading Up 3.6% on Better-Than-Expected Earnings

Academy Sports and Outdoors, Inc. (NASDAQ:ASO)’s stock price traded up 3.6% during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $52.74 and last traded at $52.9840. Approximately 523,982 shares were traded during trading, a decline of 66% from the average session volume of 1,536,316 shares. The stock had previously closed at $51.15.

The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.24. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the company earned $1.94 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 16th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, September 16th. Academy Sports and Outdoors’s dividend payout ratio is 10.56%.

Key Headlines Impacting Academy Sports and Outdoors

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

• Positive Sentiment: Adjusted second-quarter EPS was $2.31, ahead of the approximately $2.07-$2.10 analyst consensus and up 19.1% from $1.94 a year earlier. Revenue rose 3.0% to $1.65 billion, in line with expectations. Academy Sports + Outdoors Reports Second Quarter Fiscal 2026 Results
• Positive Sentiment: Academy raised its fiscal 2026 EPS guidance to $6.50-$6.90 while maintaining revenue expectations of roughly $6.2-$6.4 billion. The improved outlook was supported by cost discipline, e-commerce momentum and the benefit of tariff refunds, although that benefit is expected to diminish. Academy Sports And Outdoors Boosts FY26 EPS Outlook
• Positive Sentiment: E-commerce sales increased 12.8%, and newly opened stores produced mid-single-digit comparable sales growth, indicating that expansion and digital initiatives are gaining traction. Academy Sports + Outdoors Raises Annual Profit Forecast
• Neutral Sentiment: Investors and analysts view ASO as potentially undervalued following the rally, with a low earnings multiple and stable underlying earnings power supporting the bullish case. However, the valuation argument is dependent on continued execution. Academy Sports and Outdoors: The Market’s Pessimism Is an Opportunity
• Negative Sentiment: Comparable sales declined 0.4%, highlighting weaker consumer demand and a performance gap versus some sporting-goods peers. The soft store base also keeps investors focused on whether growth can accelerate after temporary tariff-related benefits fade.

Analysts Set New Price Targets

Several research firms recently weighed in on ASO. Truist Financial reduced their price target on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating for the company in a research report on Wednesday, June 10th. UBS Group lifted their price objective on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday. Wells Fargo & Company raised shares of Academy Sports and Outdoors from a “negative” rating to a “buy” rating in a research report on Thursday. The Goldman Sachs Group decreased their price target on shares of 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. Finally, BMO Capital Markets assumed coverage on shares of Academy Sports and Outdoors in a report on Tuesday. They issued a “market perform” rating and a $42.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Academy Sports and Outdoors presently has an average rating of “Hold” and an average price target of $58.14.

Institutional Trading of Academy Sports and Outdoors

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new stake in Academy Sports and Outdoors during the 2nd quarter valued at $38,000. EverSource Wealth Advisors LLC grew its position in shares of Academy Sports and Outdoors by 38.9% in the first quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock valued at $52,000 after purchasing an additional 258 shares in the last quarter. State of Wyoming bought a new stake in shares of Academy Sports and Outdoors during the 2nd quarter valued at $55,000. Advisory Services Network LLC bought a new stake in shares of Academy Sports and Outdoors during the 3rd quarter valued at $61,000. Finally, Clearstead Advisors LLC boosted its stake in Academy Sports and Outdoors by 192.6% in the 4th quarter. Clearstead Advisors LLC now owns 1,311 shares of the company’s stock worth $65,000 after purchasing an additional 863 shares during the period.

Academy Sports and Outdoors Stock Up 3.6%

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 firm has a market cap of $3.29 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 0.65 and a beta of 1.02. The stock has a fifty day simple moving average of $46.83 and a two-hundred day simple moving average of $51.65.

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.