B. Riley Has Bearish Forecast for ASO FY2026 Earnings

Key Points

• B. Riley has downgraded their FY2026 earnings per share estimate for Academy Sports and Outdoors to $5.35, down from $5.49, which is lower than the consensus estimate of $5.59.
• Several analysts, including Bank of America and Truist Financial, have recently adjusted their price targets for the stock, with the consensus rating now at "Moderate Buy" and a target price of $58.71.
• Academy Sports and Outdoors plans to pay a quarterly dividend of $0.13 per share, which represents an annualized yield of 1.0% based on current stock values.

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) - B. Riley dropped their FY2026 earnings per share (EPS) estimates for Academy Sports and Outdoors in a research report issued to clients and investors on Wednesday, September 3rd. B. Riley analyst A. Glaessgen now expects that the company will earn $5.35 per share for the year, down from their previous forecast of $5.49. The consensus estimate for Academy Sports and Outdoors' current full-year earnings is $5.59 per share. B. Riley also issued estimates for Academy Sports and Outdoors' Q4 2026 earnings at $1.86 EPS and FY2027 earnings at $6.00 EPS.

Several other equities analysts also recently weighed in on the company. Bank of America reduced their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating for the company in a report on Wednesday, June 11th. Truist Financial lifted their target price on shares of Academy Sports and Outdoors from $47.00 to $50.00 and gave the stock a "hold" rating in a report on Wednesday, September 3rd. Monness Crespi & Hardt assumed coverage on shares of Academy Sports and Outdoors in a report on Monday, August 4th. They set a "buy" rating and a $65.00 price target on the stock. UBS Group reissued a "neutral" rating and set a $52.00 price target on shares of Academy Sports and Outdoors in a research report on Sunday, August 31st. Finally, Cowen restated a "hold" rating on shares of Academy Sports and Outdoors in a research note on Wednesday. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.71.

Academy Sports and Outdoors Price Performance

ASO stock opened at $50.86 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 1.64. The firm has a 50 day moving average price of $51.89 and a 200-day moving average price of $46.27. Academy Sports and Outdoors has a 52-week low of $33.34 and a 52-week high of $64.61. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 1.03 and a beta of 1.30.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the company earned $1.08 earnings per share. The firm's quarterly revenue was down .9% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS.

Institutional Investors Weigh In On Academy Sports and Outdoors

Institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. boosted its position in shares of Academy Sports and Outdoors by 10.9% during the second quarter. Osaic Holdings Inc. now owns 16,435 shares of the company's stock worth $737,000 after acquiring an additional 1,609 shares during the last quarter. Impala Asset Management LLC increased its position in Academy Sports and Outdoors by 57.9% in the second quarter. Impala Asset Management LLC now owns 481,924 shares of the company's stock worth $21,614,000 after purchasing an additional 176,773 shares during the last quarter. State of Wyoming increased its holdings in shares of Academy Sports and Outdoors by 208.7% in the 2nd quarter. State of Wyoming now owns 18,050 shares of the company's stock worth $809,000 after buying an additional 12,203 shares during the last quarter. Westwood Holdings Group Inc. raised its position in Academy Sports and Outdoors by 5.9% during the second quarter. Westwood Holdings Group Inc. now owns 2,110,172 shares of the company's stock valued at $94,557,000 after purchasing an additional 117,175 shares during the period. Finally, Caxton Associates LLP purchased a new position in Academy Sports and Outdoors during the second quarter worth $1,513,000.

Insider Buying and Selling

In related news, Director Christopher Lee Turner sold 4,400 shares of the stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $44.48, for a total transaction of $195,712.00. Following the completion of the sale, the director owned 7,084 shares in the company, valued at approximately $315,096.32. This trade represents a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.62% of the stock is currently owned by corporate insiders.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. Academy Sports and Outdoors's dividend payout ratio is 9.74%.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.

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