Truist Financial Has Lowered Expectations for Academy Sports and Outdoors (NASDAQ:ASO) Stock Price

Academy Sports and Outdoors (NASDAQ:ASO) had its price target reduced by stock analysts at Truist Financial from $54.00 to $52.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target indicates a potential upside of 2.91% from the company’s current price.

Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group reiterated a “buy” rating and set a $60.00 price objective (down from $67.00) on shares of Academy Sports and Outdoors in a research report on Wednesday. Guggenheim lifted their price objective on Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. JPMorgan Chase & Co. cut their target price on Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday. UBS Group cut their target price on Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Jefferies Financial Group reissued a “buy” rating and set a $61.00 target price on shares of Academy Sports and Outdoors in a research note on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.25.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO traded up $0.16 during midday trading on Wednesday, hitting $50.53. The stock had a trading volume of 1,043,884 shares, compared to its average volume of 1,484,168. The company has a market capitalization of $3.26 billion, a PE ratio of 9.09, a P/E/G ratio of 0.80 and a beta of 1.04. The stock has a 50 day simple moving average of $54.33 and a 200-day simple moving average of $54.65. Academy Sports and Outdoors has a 1 year low of $41.29 and a 1 year high of $62.44. The company has a quick ratio of 0.44, a current ratio of 1.89 and a debt-to-equity ratio of 0.22.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. Academy Sports and Outdoors had a return on equity of 17.88% and a net margin of 6.22%.The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the business posted $0.76 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. On average, sell-side analysts expect that Academy Sports and Outdoors will post 5.93 EPS for the current fiscal year.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 4,000 shares of Academy Sports and Outdoors stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $60.00, for a total transaction of $240,000.00. Following the completion of the sale, the director directly owned 7,835 shares of the company’s stock, valued at $470,100. The trade was a 33.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.62% of the stock is owned by company insiders.

Institutional Trading of Academy Sports and Outdoors

Institutional investors and hedge funds have recently made changes to their positions in the company. Verity Asset Management Inc. grew its position in Academy Sports and Outdoors by 0.6% during the fourth quarter. Verity Asset Management Inc. now owns 32,788 shares of the company’s stock worth $1,638,000 after buying an additional 182 shares during the period. Smartleaf Asset Management LLC increased its stake in Academy Sports and Outdoors by 12.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,742 shares of the company’s stock valued at $86,000 after purchasing an additional 188 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in Academy Sports and Outdoors by 3.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 5,599 shares of the company’s stock valued at $280,000 after purchasing an additional 202 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Academy Sports and Outdoors by 2.8% in 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 in the last quarter. Finally, CIBC Asset Management Inc increased its stake in Academy Sports and Outdoors by 3.5% in the 4th quarter. CIBC Asset Management Inc now owns 6,721 shares of the company’s stock valued at $336,000 after purchasing an additional 228 shares in the last quarter.

More Academy Sports and Outdoors News

Here are the key news stories impacting Academy Sports and Outdoors this week:

• Positive Sentiment: Academy Sports reported Q1 adjusted EPS of $0.93, topping estimates, while revenue rose 6.7% year over year to $1.44 billion and comparable sales increased 2.9%. Investors also liked the company’s stronger sales trends, including 17.4% e-commerce growth and positive new-store comps. Article: Academy Sports + Outdoors Reports First Quarter Fiscal 2026 Results
• Positive Sentiment: The company raised FY 2026 guidance, now expecting EPS of $6.40 to $6.80 and revenue of $6.2 billion to $6.4 billion, both above prior expectations. Management said traffic and average ticket improved, supporting the upbeat outlook. Article: Academy Sports + Outdoors Reports First Quarter Fiscal 2026 Results
• Positive Sentiment: Several market write-ups highlighted the Q1 beat and noted that the stock jumped on the results, reinforcing the view that the earnings report improved the near-term bull case for ASO. Article: Academy Sports and Outdoors stock soars 10%: Did Q1 results change the bull case?
• Neutral Sentiment: JPMorgan lowered its price target slightly from $60 to $59 but kept a neutral rating, suggesting the firm sees limited upside from here even after the earnings-driven rally. Article: Benzinga report on JPMorgan price target change
• Negative Sentiment: Analysts and earnings-call coverage also flagged ongoing consumer pressure risks, including higher gas prices and weakness among lower-income shoppers, which could weigh on demand later this year. Article: ASO Q1 Earnings Call Shows Growth, but Consumer Risks Persist

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.