Wedbush Research Analysts Reduce Earnings Estimates for ASO

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) - Research analysts at Wedbush dropped their FY2025 earnings per share estimates for shares of Academy Sports and Outdoors in a research note issued on Wednesday, December 11th. Wedbush analyst S. Basham now forecasts that the company will post earnings of $5.66 per share for the year, down from their previous estimate of $6.09. Wedbush has a "Outperform" rating and a $65.00 price target on the stock. The consensus estimate for Academy Sports and Outdoors' current full-year earnings is $5.92 per share. Wedbush also issued estimates for Academy Sports and Outdoors' Q3 2026 earnings at $1.03 EPS and FY2026 earnings at $6.26 EPS.

ASO has been the subject of several other reports. Robert W. Baird reduced their target price on Academy Sports and Outdoors from $68.00 to $65.00 and set an "outperform" rating for the company in a research note on Wednesday, December 11th. Truist Financial boosted their target price on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a "hold" rating in a research report on Wednesday, December 11th. Wells Fargo & Company increased their price target on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 11th. TD Cowen boosted their price objective on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a "hold" rating in a report on Wednesday, September 11th. Finally, Loop Capital reaffirmed a "buy" rating and set a $77.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $61.07.

Academy Sports and Outdoors Stock Up 1.2 %

ASO traded up $0.67 on Monday, reaching $54.98. The company's stock had a trading volume of 1,566,853 shares, compared to its average volume of 1,471,826. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.41. Academy Sports and Outdoors has a 1 year low of $44.73 and a 1 year high of $75.73. The business's 50 day moving average is $51.41 and its 200 day moving average is $53.42. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 1.06 and a beta of 1.31.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.30). Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.39 billion. During the same quarter last year, the company posted $1.38 earnings per share. Academy Sports and Outdoors's revenue for the quarter was down 3.9% compared to the same quarter last year.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Public Sector Pension Investment Board grew its position in Academy Sports and Outdoors by 6.9% in the second quarter. Public Sector Pension Investment Board now owns 162,406 shares of the company's stock worth $8,648,000 after buying an additional 10,416 shares during the last quarter. Citigroup Inc. raised its position in shares of Academy Sports and Outdoors by 66.4% during the third quarter. Citigroup Inc. now owns 95,644 shares of the company's stock worth $5,582,000 after purchasing an additional 38,155 shares during the period. FMR LLC raised its position in shares of Academy Sports and Outdoors by 15.3% during the third quarter. FMR LLC now owns 10,739,463 shares of the company's stock worth $626,755,000 after purchasing an additional 1,422,971 shares during the period. Stephens Investment Management Group LLC increased its stake in Academy Sports and Outdoors by 21.3% in the 3rd quarter. Stephens Investment Management Group LLC now owns 222,468 shares of the company's stock worth $12,983,000 after purchasing an additional 39,134 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Academy Sports and Outdoors by 4.2% in the second quarter. LSV Asset Management now owns 1,721,741 shares of the company's stock worth $91,683,000 after buying an additional 69,700 shares during the period.

Insider Buying and Selling at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the completion of the transaction, the director now owns 8,906 shares of the company's stock, valued at $552,172. This trade represents a 11.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.19% of the stock is owned by company insiders.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, December 18th. Academy Sports and Outdoors's dividend payout ratio (DPR) is 7.22%.

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.