Academy Sports and Outdoors (NASDAQ:ASO) Rating Increased to Hold at BMO Capital Markets

Key Points

• BMO Capital Markets upgraded Academy Sports and Outdoors to “Hold.” The stock’s consensus rating is also “Hold,” with an average analyst price target of $58.29.
• Academy reported quarterly adjusted EPS of $2.31, beating the $2.07 consensus, while revenue rose 3% year over year to $1.65 billion and matched expectations.
• The company raised fiscal 2026 adjusted EPS guidance to $6.50–$6.90, supported by 12.8% e-commerce growth and cost discipline, while maintaining revenue guidance of approximately $6.2–$6.4 billion.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) was upgraded by stock analysts at BMO Capital Markets to a "hold" rating in a note issued to investors on Tuesday, Zacks reports.

ASO has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their price objective on shares of Academy Sports and Outdoors from $60.00 to $59.00 and set a "neutral" rating for the company in a report on Wednesday, June 10th. UBS Group increased their price target 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. The Goldman Sachs Group cut 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. Weiss Ratings downgraded Academy Sports and Outdoors from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, September 3rd. Finally, Barclays lifted their price objective on Academy Sports and Outdoors from $50.00 to $53.00 and gave the company an "equal weight" rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $58.29.

Academy Sports and Outdoors Stock Performance

ASO opened at $54.22 on Tuesday. The stock's 50 day simple moving average is $46.96 and its 200-day simple moving average is $51.62. The company has a current ratio of 1.74, a quick ratio of 0.36 and a debt-to-equity ratio of 0.23. The stock has a market cap of $3.36 billion, a PE ratio of 9.04, a P/E/G ratio of 0.75 and a beta of 1.02. 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 - Get Free Report) last issued its earnings results 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 18.36% and a net margin of 6.39%.The firm had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.65 billion. During the same period last year, the business earned $1.94 earnings per share. Academy Sports and Outdoors's quarterly 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. Sell-side analysts forecast that Academy Sports and Outdoors will post 6.01 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd grew its holdings in Academy Sports and Outdoors by 36.7% during the 2nd quarter. WINTON GROUP Ltd now owns 34,477 shares of the company's stock worth $1,625,000 after acquiring an additional 9,261 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Academy Sports and Outdoors in the second quarter worth about $1,332,000. Integrated Wealth Concepts LLC bought a new position in shares of Academy Sports and Outdoors in the second quarter worth about $104,000. Baird Financial Group Inc. raised its stake in shares of Academy Sports and Outdoors by 4.9% in the second quarter. Baird Financial Group Inc. now owns 274,145 shares of the company's stock worth $12,920,000 after acquiring an additional 12,756 shares during the last quarter. Finally, Nykredit A S acquired a new position in shares of Academy Sports and Outdoors during the second quarter worth approximately $119,000.

Academy Sports and Outdoors News Summary

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

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.

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