Academy Sports and Outdoors (NASDAQ:ASO) Posts Quarterly Earnings Results, Beats Expectations By $0.24 EPS

Academy Sports and Outdoors (NASDAQ:ASO) issued its quarterly earnings data on Wednesday. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.24, FiscalAI reports. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%. Academy Sports and Outdoors updated its FY 2026 guidance to 6.500-6.900 EPS.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $44.71 on Wednesday. The firm has a market capitalization of $2.77 billion, a P/E ratio of 7.87, a P/E/G ratio of 0.66 and a beta of 1.02. The firm’s 50-day moving average price is $46.75 and its 200-day moving average price is $51.71. The company has a current ratio of 1.68, a quick ratio of 0.36 and a debt-to-equity ratio of 0.23. Academy Sports and Outdoors has a 1-year low of $41.29 and a 1-year high of $62.44.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, September 16th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. Academy Sports and Outdoors’s dividend payout ratio is currently 10.56%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Weiss Ratings downgraded shares of Academy Sports and Outdoors from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, September 3rd. UBS Group restated a “neutral” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, September 2nd. Stephens started coverage on shares of Academy Sports and Outdoors in a research note on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 price objective on the stock. Truist Financial decreased their price objective 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. Finally, BMO Capital Markets started coverage on Academy Sports and Outdoors in a research report on Tuesday. They issued a “market perform” rating and a $42.00 price objective for the company. One research 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 given a Sell rating to the company. Based on data from MarketBeat, Academy Sports and Outdoors presently has a consensus rating of “Hold” and an average price target of $57.14.

Institutional Trading of Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASO. Royal Bank of Canada boosted its holdings in Academy Sports and Outdoors by 8.5% in the first quarter. Royal Bank of Canada now owns 59,775 shares of the company’s stock worth $2,726,000 after acquiring an additional 4,665 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Academy Sports and Outdoors by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,472 shares of the company’s stock valued at $1,846,000 after acquiring an additional 1,257 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Academy Sports and Outdoors during the first quarter valued at approximately $223,000. Strs Ohio acquired a new position in shares of Academy Sports and Outdoors during the first quarter worth approximately $128,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Academy Sports and Outdoors by 89.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock worth $62,000 after purchasing an additional 657 shares during the period.

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.