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

Academy Sports and Outdoors (NASDAQ:ASO) was upgraded by investment analysts at BMO Capital Markets to a “hold” rating in a report released on Tuesday, Zacks reports.

Several other research firms have also issued reports on ASO. UBS Group raised their price target on Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday. Telsey Advisory Group increased their target price on Academy Sports and Outdoors from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. cut their target price on Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 10th. Weiss Ratings cut Academy Sports and Outdoors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, September 3rd. Finally, The Goldman Sachs Group decreased their target price on 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 investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $58.29.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock opened at $54.22 on Tuesday. The company 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. The company has a current ratio of 1.74, 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. The company’s 50-day moving average is $46.96 and its two-hundred day moving average is $51.62.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly 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. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Academy Sports and Outdoors had a net margin of 6.39% and a return on equity of 18.36%. Academy Sports and Outdoors’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.94 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. Equities analysts anticipate that Academy Sports and Outdoors will post 6.01 earnings per share for the current year.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several institutional investors and hedge funds have recently modified their holdings of ASO. Smartleaf Asset Management LLC boosted its position 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 worth $86,000 after purchasing an additional 188 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Academy Sports and Outdoors by 2.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,464 shares of the company’s stock valued at $373,000 after purchasing an additional 202 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of Academy Sports and Outdoors by 3.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 5,599 shares of the company’s stock worth $280,000 after purchasing an additional 202 shares during the period. CIBC Asset Management Inc raised its stake in shares of 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 worth $336,000 after purchasing an additional 228 shares during the period. Finally, Maryland State Retirement & Pension System boosted its holdings in shares of Academy Sports and Outdoors by 2.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 9,792 shares of the company’s stock worth $489,000 after buying an additional 235 shares during the last quarter.

Key Stories 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

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.