B. Riley Issues Negative Forecast for ASO Earnings

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) – Research analysts at B. Riley lowered their Q2 2026 earnings per share estimates for shares of Academy Sports and Outdoors in a research note issued to investors on Wednesday, June 11th. B. Riley analyst A. Glaessgen now anticipates that the company will earn $2.01 per share for the quarter, down from their previous estimate of $2.11. B. Riley has a “Buy” rating and a $65.00 price target on the stock. 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’ Q3 2026 earnings at $1.04 EPS, Q4 2026 earnings at $1.76 EPS and FY2026 earnings at $5.49 EPS.

Academy Sports and Outdoors (NASDAQ:ASO) last released 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 net margin of 7.49% and a return on equity of 23.32%. The business 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 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company lifted their price objective on Academy Sports and Outdoors from $38.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 14th. Telsey Advisory Group restated an “outperform” rating and issued a $58.00 price target (down from $60.00) on shares of Academy Sports and Outdoors in a report on Tuesday. UBS Group reduced their price objective on Academy Sports and Outdoors from $54.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, June 4th. Morgan Stanley reduced their price target 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. Finally, Wedbush cut their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.31.

Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock opened at $43.55 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The company has a market capitalization of $2.90 billion, a PE ratio of 7.15, a price-to-earnings-growth ratio of 1.02 and a beta of 1.28. Academy Sports and Outdoors has a one year low of $33.34 and a one year high of $64.62. The business has a 50 day simple moving average of $40.63 and a 200 day simple moving average of $47.77.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. William Blair Investment Management LLC bought a new stake in Academy Sports and Outdoors during the fourth quarter valued at about $52,402,000. Norges Bank purchased a new stake in shares of Academy Sports and Outdoors in the fourth quarter worth approximately $47,436,000. Hood River Capital Management LLC bought a new position in Academy Sports and Outdoors in the fourth quarter worth approximately $42,320,000. American Century Companies Inc. boosted its position in Academy Sports and Outdoors by 77.2% during the 4th quarter. American Century Companies Inc. now owns 1,252,699 shares of the company’s stock valued at $72,068,000 after acquiring an additional 545,778 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its stake in Academy Sports and Outdoors by 36.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,992,997 shares of the company’s stock worth $90,901,000 after buying an additional 528,367 shares during the last quarter.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Wednesday, June 18th. Academy Sports and Outdoors’s payout ratio is presently 9.01%.

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.