B. Riley Has Pessimistic Outlook of ASO Q3 Earnings

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) – Stock analysts at B. Riley dropped their Q3 2026 earnings per share estimates for shares of Academy Sports and Outdoors in a research report issued on Wednesday, September 3rd. B. Riley analyst A. Glaessgen now forecasts that the company will post earnings per share of $0.96 for the quarter, down from their prior forecast of $1.04. The consensus estimate for Academy Sports and Outdoors’ current full-year earnings is $5.59 per share.

A number of other brokerages also recently issued reports on ASO. JPMorgan Chase & Co. raised their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday. Evercore ISI raised their price objective on Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 26th. Citigroup downgraded Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $55.00 to $50.00 in a research report on Wednesday. Morgan Stanley cut their price objective on Academy Sports and Outdoors from $55.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 11th. Finally, UBS Group reissued a “neutral” rating and set a $52.00 price objective on shares of Academy Sports and Outdoors in a research report on Sunday, August 31st. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Academy Sports and Outdoors presently has a consensus rating of “Moderate Buy” and an average price target of $58.71.

Academy Sports and Outdoors Stock Up 1.6%

Shares of ASO opened at $50.86 on Friday. Academy Sports and Outdoors has a 52-week low of $33.34 and a 52-week high of $64.61. The company has a market capitalization of $3.39 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 1.00 and a beta of 1.30. The stock has a fifty day simple moving average of $51.89 and a two-hundred day simple moving average of $46.34. The company has a quick ratio of 0.29, a current ratio of 1.64 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) 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 company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business earned $1.08 earnings per share. The firm’s 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.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 11th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Thursday, September 11th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 9.74%.

Insider Buying and Selling

In related news, Director Christopher Lee Turner sold 4,400 shares of the firm’s 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 transaction, the director directly owned 7,084 shares in the company, valued at $315,096.32. This trade represents a 38.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.62% of the stock is owned by company insiders.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently bought and sold shares of ASO. Northern Trust Corp boosted its holdings in Academy Sports and Outdoors by 6.8% during the 4th quarter. Northern Trust Corp now owns 774,911 shares of the company’s stock valued at $44,581,000 after acquiring an additional 49,106 shares during the period. AQR Capital Management LLC boosted its holdings in Academy Sports and Outdoors by 6.1% during the 4th quarter. AQR Capital Management LLC now owns 114,182 shares of the company’s stock valued at $6,569,000 after acquiring an additional 6,516 shares during the period. BNP Paribas Financial Markets purchased a new position in Academy Sports and Outdoors during the 4th quarter valued at about $6,314,000. Captrust Financial Advisors boosted its holdings in Academy Sports and Outdoors by 37.4% during the 4th quarter. Captrust Financial Advisors now owns 22,279 shares of the company’s stock valued at $1,282,000 after acquiring an additional 6,059 shares during the period. Finally, Crestline Management LP boosted its holdings in Academy Sports and Outdoors by 72.7% during the 4th quarter. Crestline Management LP now owns 19,048 shares of the company’s stock valued at $1,096,000 after acquiring an additional 8,018 shares during the period.

Academy Sports and Outdoors Company Profile

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.