Academy Sports and Outdoors (NASDAQ:ASO) Upgraded by BMO Capital Markets to “Hold” Rating

BMO Capital Markets upgraded shares of Academy Sports and Outdoors (NASDAQ:ASO) to a hold rating in a research report report published on Tuesday morning,Zacks reports.

Several other research analysts also recently commented on ASO. Weiss Ratings downgraded Academy Sports and Outdoors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 3rd. Truist Financial raised their price objective on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “hold” rating in a report on Thursday. UBS Group boosted their target price on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a report on Thursday. Stephens initiated coverage on Academy Sports and Outdoors in a research note on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 price target for the company. Finally, The Goldman Sachs Group decreased their price objective on shares of Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, June 10th. One 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $58.29.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ:ASO opened at $54.22 on Tuesday. The firm has a market cap of $3.36 billion, a PE ratio of 9.04, a PEG ratio of 0.75 and a beta of 1.02. Academy Sports and Outdoors has a 12-month low of $41.29 and a 12-month high of $62.44. The company has a quick ratio of 0.36, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average price is $46.96 and its two-hundred day moving average price is $51.62.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.24. Academy Sports and Outdoors had a net margin of 6.39% and a return on equity of 18.36%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the business posted $1.94 earnings per share. Academy Sports and Outdoors’s revenue was up 3.0% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. Equities research analysts predict that Academy Sports and Outdoors will post 6.01 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 16th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.60 annualized dividend and a yield of 1.1%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 10.56%.

Institutional Trading of Academy Sports and Outdoors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Academy Sports and Outdoors in the 2nd quarter valued at $468,146,000. Dimensional Fund Advisors LP lifted its position in shares of Academy Sports and Outdoors by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,029,262 shares of the company’s stock valued at $227,439,000 after buying an additional 71,888 shares during the last quarter. California State Teachers Retirement System boosted its position in Academy Sports and Outdoors by 4,364.9% during the second quarter. California State Teachers Retirement System now owns 3,485,499 shares of the company’s stock worth $164,272,000 after purchasing an additional 3,407,435 shares during the period. State Street Corp raised its position in shares of Academy Sports and Outdoors by 2.2% in the fourth quarter. State Street Corp now owns 2,715,677 shares of the company’s stock valued at $136,028,000 after purchasing an additional 59,446 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Academy Sports and Outdoors by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 2,006,467 shares of the company’s stock valued at $100,261,000 after buying an additional 5,933 shares in the last quarter.

Key Headlines Impacting Academy Sports and Outdoors

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

• Positive Sentiment: Academy reported adjusted EPS of $2.31, above the approximately $2.07–$2.10 analyst consensus and up 19.1% year over year. Revenue rose 3.0% to $1.65 billion, matching expectations. Academy Sports + Outdoors Reports Second Quarter Fiscal 2026 Results
• Positive Sentiment: The company raised fiscal 2026 adjusted EPS guidance to $6.50–$6.90, above the prior outlook and consensus near $6.31. Revenue guidance of roughly $6.2 billion–$6.4 billion was maintained near analyst expectations. Academy Sports raises fiscal 2026 outlook
• Positive Sentiment: Growth areas included a 12.8% increase in e-commerce sales and mid-single-digit comparable growth at new stores. Cost discipline and stronger online sales supported the improved earnings outlook, while tariff refunds contributed modestly to quarterly EPS. Academy raises annual profit forecast
• Positive Sentiment: Academy plans to launch Hoka performance running shoes in 15 stores and online in early October, expanding its premium-brand assortment and potentially supporting footwear traffic and sales. Academy launches Hoka footwear

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.