Truist Financial Raises Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $54.00

Academy Sports and Outdoors (NASDAQ:ASO) had its target price increased by stock analysts at Truist Financial from $52.00 to $54.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price target would indicate a potential upside of 1.32% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Barclays raised their target price on shares of Academy Sports and Outdoors from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday. UBS Group lifted their target price on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday. Wells Fargo & Company raised shares of Academy Sports and Outdoors from a “negative” rating to a “buy” rating in a research report on Thursday. BMO Capital Markets set a $47.00 target price on Academy Sports and Outdoors in a research note on Thursday. Finally, The Goldman Sachs Group lowered their price target on shares of Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors presently has an average rating of “Hold” and an average price target of $58.64.

Academy Sports and Outdoors Stock Up 4.2%

Academy Sports and Outdoors stock traded up $2.14 during trading on Thursday, reaching $53.29. 1,131,833 shares of the company’s stock were exchanged, compared to its average volume of 1,541,537. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.36 and a current ratio of 1.68. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 0.65 and a beta of 1.02. Academy Sports and Outdoors has a 52-week low of $41.29 and a 52-week high of $62.44. The company’s 50-day moving average is $46.83 and its two-hundred day moving average is $51.65.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Wednesday, September 9th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.07 by $0.24. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the business earned $1.94 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. On average, analysts predict that Academy Sports and Outdoors will post 6.01 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ASO. Northwestern Mutual Wealth Management Co. acquired a new position in Academy Sports and Outdoors during the 2nd quarter worth approximately $38,000. EverSource Wealth Advisors LLC lifted its holdings in Academy Sports and Outdoors by 38.9% in the first quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock valued at $52,000 after acquiring an additional 258 shares during the period. State of Wyoming purchased a new position in shares of Academy Sports and Outdoors during the 2nd quarter valued at $55,000. Advisory Services Network LLC bought a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at approximately $61,000. Finally, Clearstead Advisors LLC boosted its position in shares of Academy Sports and Outdoors by 192.6% during the fourth quarter. Clearstead Advisors LLC now owns 1,311 shares of the company’s stock valued at $65,000 after buying an additional 863 shares during the period.

Key Academy Sports and Outdoors News

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

• Positive Sentiment: Academy reported adjusted second-quarter EPS of $2.31, above the approximately $2.07–$2.10 analyst consensus and up 19.1% from $1.94 a year earlier. Revenue increased 3.0% to $1.65 billion, in line with expectations. Academy Sports + Outdoors Reports Second Quarter Fiscal 2026 Results
• Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $6.50–$6.90, above the roughly $6.31 consensus, while maintaining sales guidance of approximately $6.2–$6.4 billion. The outlook reflects continued earnings growth despite the expected reduction in tariff-refund benefits. Academy Sports And Outdoors Boosts FY26 EPS Outlook
• Positive Sentiment: E-commerce sales grew 12.8%, and newly opened stores produced mid-single-digit comparable-sales growth, supporting the company’s expansion strategy. Academy also plans to launch five Hoka performance-running shoe styles in 15 stores and online in early October, potentially broadening its premium product offering. Academy Launches Hoka Products
• Neutral Sentiment: UBS raised its price target for ASO from $55 to $58 but retained a Neutral rating, indicating modest potential upside while maintaining a cautious stance on the shares.
• Negative Sentiment: Comparable sales declined 0.4%, highlighting pressure from weaker consumer demand and a performance gap versus some sporting-goods peers. Investors may also remain focused on the sustainability of earnings growth as tariff refunds fade.

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.