Academy Sports and Outdoors (NASDAQ:ASO) Price Target Raised to $54.00

Key Points

• Truist Financial raised Academy Sports and Outdoors’ price target from $52 to $54 but maintained a “hold” rating, implying only 1.32% upside. Analysts’ consensus remains “Hold,” with an average target of $58.64.
• Academy reported quarterly EPS of $2.31, beating estimates of $2.07, while revenue rose 3% year over year to $1.65 billion. Management raised fiscal 2026 adjusted EPS guidance to $6.50–$6.90.
• Shares gained 4.2% to $53.29, supported by 12.8% e-commerce growth, although comparable sales declined 0.4%, highlighting ongoing consumer-demand pressures.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) had its price target lifted by research analysts at Truist Financial from $52.00 to $54.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a "hold" rating on the stock. Truist Financial's price objective would indicate a potential upside of 1.32% from the stock's current price.

Other research analysts also recently issued reports about the stock. UBS Group increased their price objective on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a "neutral" rating in a research note on Thursday. Stephens initiated 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. Barclays lifted their target price on Academy Sports and Outdoors from $50.00 to $53.00 and gave the stock an "equal weight" rating in a report on Thursday. Wells Fargo & Company raised shares of Academy Sports and Outdoors from a "negative" rating to a "buy" rating in a research note on Thursday. 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 on the stock in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $58.64.

Academy Sports and Outdoors Trading Up 4.2%

ASO stock traded up $2.14 during trading on Thursday, hitting $53.29. 1,131,833 shares of the company traded hands, compared to its average volume of 1,541,537. Academy Sports and Outdoors has a 1 year low of $41.29 and a 1 year high of $62.44. The firm has a market capitalization of $3.31 billion, a PE ratio of 9.40, a P/E/G ratio of 0.65 and a beta of 1.02. The company has a 50-day moving average of $46.83 and a 200-day moving average of $51.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.36 and a current ratio of 1.68.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $2.31 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the company earned $1.94 earnings per share. The business's revenue for the quarter 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. Analysts predict that Academy Sports and Outdoors will post 6.01 earnings per share for the current fiscal year.

Institutional Trading of Academy Sports and Outdoors

Several large investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in Academy Sports and Outdoors by 12.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,742 shares of the company's stock valued at $86,000 after buying an additional 188 shares during the period. Cullen Frost Bankers Inc. increased its holdings in shares of Academy Sports and Outdoors by 3.7% during the fourth quarter. Cullen Frost Bankers Inc. now owns 5,599 shares of the company's stock valued at $280,000 after acquiring an additional 202 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Academy Sports and Outdoors by 2.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,464 shares of the company's stock valued at $373,000 after acquiring an additional 202 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Academy Sports and Outdoors by 3.5% during the 4th quarter. CIBC Asset Management Inc now owns 6,721 shares of the company's stock valued at $336,000 after buying an additional 228 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its stake in shares of Academy Sports and Outdoors by 2.5% during the 4th quarter. Maryland State Retirement & Pension System now owns 9,792 shares of the company's stock worth $489,000 after acquiring an additional 235 shares during 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 second-quarter EPS of $2.31, above the approximately $2.07–$2.10 analyst consensus and up 19.1% from $1.94 a year earlier. Revenue increased 3.0% to $1.65 billion, in line with expectations. Academy Sports + Outdoors Reports Second Quarter Fiscal 2026 Results
• Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $6.50–$6.90, above the roughly $6.31 consensus, while maintaining sales guidance of approximately $6.2–$6.4 billion. The outlook reflects continued earnings growth despite the expected reduction in tariff-refund benefits. Academy Sports And Outdoors Boosts FY26 EPS Outlook
• Positive Sentiment: E-commerce sales grew 12.8%, and newly opened stores produced mid-single-digit comparable-sales growth, supporting the company’s expansion strategy. Academy also plans to launch five Hoka performance-running shoe styles in 15 stores and online in early October, potentially broadening its premium product offering. Academy Launches Hoka Products
• Neutral Sentiment: UBS raised its price target for ASO from $55 to $58 but retained a Neutral rating, indicating modest potential upside while maintaining a cautious stance on the shares.
• Negative Sentiment: Comparable sales declined 0.4%, highlighting pressure from weaker consumer demand and a performance gap versus some sporting-goods peers. Investors may also remain focused on the sustainability of earnings growth as tariff refunds fade.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.