B. Riley Has Pessimistic Outlook of ASO Q3 Earnings

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

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.13). The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. The business’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS.

Several other equities research analysts have also commented on the company. JPMorgan Chase & Co. upped their price objective on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday. Evercore ISI upped 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. Wells Fargo & Company restated a “positive” rating on shares of Academy Sports and Outdoors in a research report on Wednesday. Cowen restated a “hold” rating on shares of Academy Sports and Outdoors in a research report on Wednesday. Finally, Loop Capital set a $65.00 price objective on Academy Sports and Outdoors in a research report on Monday, July 21st. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Academy Sports and Outdoors presently has an average rating of “Moderate Buy” and an average price target of $58.71.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $50.86 on Friday. 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 has a 52 week low of $33.34 and a 52 week high of $64.61. The business’s 50 day moving average price is $51.89 and its 200 day moving average price is $46.34. The firm has a market cap of $3.39 billion, a P/E ratio of 9.52, a P/E/G ratio of 1.00 and a beta of 1.30.

Academy Sports and Outdoors Announces Dividend

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

Insider Activity

In other news, Director Christopher Lee Turner sold 4,400 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $44.48, for a total transaction of $195,712.00. Following the transaction, the director 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 filing with the SEC, which is available at the SEC website. 3.62% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASO. LSV Asset Management lifted its holdings in Academy Sports and Outdoors by 43.0% in the 2nd quarter. LSV Asset Management now owns 3,119,790 shares of the company’s stock valued at $139,798,000 after purchasing an additional 937,449 shares in the last quarter. Norges Bank purchased a new position in Academy Sports and Outdoors in the 2nd quarter valued at $34,228,000. Westwood Holdings Group Inc. lifted its holdings in Academy Sports and Outdoors by 36.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,992,997 shares of the company’s stock valued at $90,901,000 after purchasing an additional 528,367 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in Academy Sports and Outdoors by 45.2% in the 2nd quarter. William Blair Investment Management LLC now owns 1,440,032 shares of the company’s stock valued at $64,528,000 after purchasing an additional 448,582 shares in the last quarter. Finally, Hood River Capital Management LLC lifted its holdings in Academy Sports and Outdoors by 125.0% in the 2nd quarter. Hood River Capital Management LLC now owns 782,742 shares of the company’s stock valued at $35,075,000 after purchasing an additional 434,894 shares in the last quarter.

About Academy Sports and Outdoors

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.