Academy Sports and Outdoors (NASDAQ:ASO) Updates FY 2026 Earnings Guidance

by · The Cerbat Gem

Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 6.100-6.600 for the period, compared to the consensus earnings per share estimate of 5.980. The company issued revenue guidance of $6.2 billion-$6.4 billion, compared to the consensus revenue estimate of $6.2 billion. Academy Sports and Outdoors also updated its Q1 2026 guidance to EPS.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Guggenheim upped their price target on Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company upped their price target on Academy Sports and Outdoors from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Wednesday. UBS Group reduced their price target on Academy Sports and Outdoors from $60.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, March 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Academy Sports and Outdoors in a report on Monday, December 29th. Finally, Barclays upped their price target on Academy Sports and Outdoors from $49.00 to $55.00 and gave the stock an “equal weight” rating in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Academy Sports and Outdoors has a consensus rating of “Hold” and a consensus price target of $58.43.

Read Our Latest Analysis on ASO

Academy Sports and Outdoors Price Performance

Shares of ASO traded down $0.52 during trading hours on Thursday, hitting $55.68. 1,962,690 shares of the stock were exchanged, compared to its average volume of 1,577,464. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.44 and a current ratio of 1.89. Academy Sports and Outdoors has a 12-month low of $34.77 and a 12-month high of $62.44. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 0.89 and a beta of 1.21. The stock’s 50-day moving average price is $57.31 and its two-hundred day moving average price is $53.14.

Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last issued its quarterly earnings results on Tuesday, March 17th. The company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.08). Academy Sports and Outdoors had a return on equity of 17.88% and a net margin of 6.22%.The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the firm posted $1.96 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts expect that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 20th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, March 20th. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 10.79%.

Academy Sports and Outdoors News Summary

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

  • Positive Sentiment: Company raised its full-year 2026 outlook: EPS guidance of $6.10–$6.60 vs. consensus ~$5.98, and revenue guidance of $6.2B–$6.4B roughly in line with consensus — a clear beat on EPS that supports the stock’s fundamentals and valuation.
  • Positive Sentiment: Coverage highlight — Guggenheim raised its price target to $65 and kept a Buy rating, signaling bullish analyst conviction and providing upside potential versus the current share price. Guggenheim raises PT to $65
  • Positive Sentiment: Media picked up the company’s “positive guidance update” ahead of Analyst Day, reinforcing management’s message on the outlook and likely boosting short-term investor confidence. Academy Sports and Outdoors issues a positive guidance update ahead of its Analyst Day event
  • Neutral Sentiment: Q1 2026 revenue guidance is essentially flat at ~$1.4B (in line with consensus); EPS guidance for Q1 was not specified in the release, leaving some near-term visibility gaps for quarterly results.
  • Neutral Sentiment: Investor day materials (slides and transcript) were published — useful for modeling long-term margin, store growth and capital allocation but likely to produce incremental rather than material surprises. Analyst/Investor Day – Slideshow Analyst/Investor Day – Transcript
  • Neutral Sentiment: Third‑party analysis pieces and comparisons to peers (e.g., American Outdoor Brands) provide context but don’t change the company’s near-term earnings trajectory. Analyzing Academy Sports and Outdoors and American Outdoor Brands
  • Neutral Sentiment: Coverage notes point to conflicting analyst views — some upbeat on margins/strategy while others remain cautious, which supports continued volatility around the name. Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies
  • Negative Sentiment: Barclays raised its target to $55 but maintained an Equal Weight rating — the target sits slightly below the current price, which can be perceived as a cautious view and may cap immediate upside. Barclays raises PT to $55

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of large investors have recently made changes to their positions in ASO. Advisory Services Network LLC purchased a new position in Academy Sports and Outdoors in the third quarter worth approximately $61,000. EverSource Wealth Advisors LLC grew its position in Academy Sports and Outdoors by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock worth $62,000 after acquiring an additional 657 shares during the period. Smartleaf Asset Management LLC grew 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 acquiring an additional 188 shares during the period. Strs Ohio purchased a new position in Academy Sports and Outdoors in the first quarter worth approximately $128,000. Finally, Lazard Asset Management LLC grew its position in Academy Sports and Outdoors by 12.4% in the second quarter. Lazard Asset Management LLC now owns 3,270 shares of the company’s stock worth $146,000 after acquiring an additional 360 shares during the period.

About Academy Sports and Outdoors

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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.

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