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Academy Sports and Outdoors
(NASDAQ:ASO)
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Rating:65Neutral
Price Target:
$48.00
▲(3.05% Upside)
Action:Reiterated
Date:06/09/26
The score is driven primarily by solid (but not peak) fundamentals: strong revenue growth and improving leverage are offset by margin compression and weaker cash conversion. Valuation is a clear positive (low P/E with a modest yield), while technicals are neutral-to-weak due to a negative MACD and trading below intermediate moving averages. The latest earnings call adds support via raised guidance, but highlighted tariff and consumer headwinds.
Positive Factors
E‑commerce acceleration
A persistent double‑digit digital growth rate and rising online penetration indicate durable omnichannel strength. Higher e‑commerce sales diversify channels, improve customer reach and unit economics over time (lower store dependency), and support margin resilience via higher average order value and targeted promotions.
Negative Factors
Tariff-driven margin pressure
Sustained tariff-related cost shocks compress gross profit and are hard to fully offset in a price‑sensitive retail market. If tariffs persist or are unpredictably applied, they create a structural headwind to margin sustainability and force tradeoffs between price, promotions, and margin over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
E‑commerce acceleration
A persistent double‑digit digital growth rate and rising online penetration indicate durable omnichannel strength. Higher e‑commerce sales diversify channels, improve customer reach and unit economics over time (lower store dependency), and support margin resilience via higher average order value and targeted promotions.
Read all positive factors
Academy Sports and Outdoors Key Performance Indicators (KPIs)
Any
Total Stores
Indicates the number of retail locations, providing insight into the company's market presence and expansion strategy. More stores can signal growth and increased customer reach.
Indicates the number of retail locations, providing insight into the company's market presence and expansion strategy. More stores can signal growth and increased customer reach.
Data provided by:
The Fly
The FlyAcademy Sports and Outdoors (ASO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.04B
Dividend Yield1.16%
Average Volume (3M)1.49M
Price to Earnings (P/E)8.7
Beta (1Y)1.29
Revenue Growth3.77%
EPS Growth4.71%
CountryUS
Employees23,000
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)5.80
Shares Outstanding62,018,370
10 Day Avg. Volume1,119,156
30 Day Avg. Volume1,485,031
Financial Highlights & Ratios
PEG Ratio-2.72
Price to Book (P/B)1.69
Price to Sales (P/S)0.61
P/FCF Ratio16.50
Enterprise Value/Market Cap1.54
Enterprise Value/Revenue0.76
Enterprise Value/Gross Profit2.21
Enterprise Value/Ebitda7.20
Forecast
1Y Price Target
$58.50Price Target Upside25.59% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
EPS Forecast (FY)6.47
Revenue Forecast (FY)$6.32B
Academy Sports and Outdoors Business Overview & Revenue Model
Company Description
Academy Sports and Outdoors, Inc., through its various subsidiaries, operates as a significant retailer of sporting goods and outdoor recreational products throughout the United States. The company offers a vast and diverse inventory, encompassing...
How the Company Makes Money
Academy Sports and Outdoors makes money primarily by selling sporting goods, outdoor equipment, and related apparel/footwear to consumers through its retail stores and online channels. Its core revenue stream is merchandise sales, which span multi...
Academy Sports and Outdoors Earnings Call Summary
Earnings Call Date:Jun 09, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Sep 09, 2026
Earnings Call Sentiment Positive
The call skewed positive: management returned to comp growth, delivered strong e-commerce performance, raised full-year revenue guidance, improved cash flow and continued capital returns. Headwinds remain—primarily tariff-driven gross margin pressure in Q1, persistent high fuel costs weighing on lower-income consumers, potential back-half SG&A deleverage from new store openings, and units-per-store decline. Management provided a clear plan (loyalty relaunch, category expansion, omnichannel enhancements) that it expects will drive the business toward the raised guidance, making the overall tone constructive but cautiously aware of macro and tariff risks.Positive Updates
Revenue and Comparable Sales Growth
Total sales of $1.44 billion, up 6.7% year-over-year, with comparable store sales increasing 2.9% in Q1.
Negative Updates
Gross Margin Compression from Tariffs
Reported gross margin of 33.2% in Q1, down 71 basis points YoY; management attributes a 110 basis point headwind in Q1 to IEPA tariffs (partially offset by ~30 basis points from shrink and shipping).
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue and Comparable Sales Growth
Total sales of $1.44 billion, up 6.7% year-over-year, with comparable store sales increasing 2.9% in Q1.
Read all positive updates
Company Guidance
Academy raised full‑year fiscal 2026 sales guidance to $6.23–$6.35 billion (+3% to +5%) with comparable sales now expected to be flat to +2% (midpoint ≈ +1%); gross margin guidance is 34.5%–35.0% (expect modest H1 pressure, modest back‑half expansion and roughly flat at the midpoint), net income $390–$415 million, EPS $5.95–$6.35 and adjusted EPS $6.40–$6.80 (implying >10% EPS growth at the midpoint vs FY25). Q1 metrics that informed the outlook included $1.44 billion sales (+6.7%), comps +2.9%, e‑commerce +17%, gross margin 33.2% (‑71 bps), SG&A 28.1% (‑77 bps), operating income $74.7 million, diluted EPS $0.80 (up 17.6%) and adjusted EPS $0.93 (up 22.4%); balance sheet/working capital highlights: Q1 free cash flow $121.6 million (+14.2%), cash $338 million, $1.0 billion revolver, inventory $/store down 0.8% and units/store down 6.8%, 1.7 million shares repurchased (~2.5%), $9.6 million dividends, ~$338 million remaining buyback authorization, $10.5 million monetized tariff refund included in guidance, and refinanced debt at 5.875% (≈$2.5M annual interest savings); guidance excludes any impact from future repurchases.Academy Sports and Outdoors Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
70
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.14B | 6.05B | 5.93B | 6.16B | 6.40B | 6.77B |
| Gross Profit | 2.13B | 2.11B | 2.01B | 2.11B | 2.21B | 2.35B |
| EBITDA | 651.55M | 645.14M | 693.17M | 820.14M | 971.51M | 1.00B |
| Net Income | 383.39M | 376.77M | 418.45M | 519.19M | 628.00M | 671.38M |
Balance Sheet | ||||||
| Total Assets | 5.50B | 5.28B | 4.90B | 4.68B | 4.60B | 4.58B |
| Cash, Cash Equivalents and Short-Term Investments | 337.81M | 330.32M | 288.93M | 347.92M | 337.14M | 486.00M |
| Total Debt | 1.95B | 1.89B | 1.79B | 1.70B | 1.77B | 1.93B |
| Total Liabilities | 3.38B | 3.11B | 2.90B | 2.72B | 2.97B | 3.12B |
| Stockholders Equity | 2.12B | 2.17B | 2.00B | 1.95B | 1.63B | 1.47B |
Cash Flow | ||||||
| Free Cash Flow | 236.75M | 222.13M | 328.49M | 327.49M | 443.20M | 597.25M |
| Operating Cash Flow | 437.93M | 434.80M | 528.08M | 535.78M | 552.00M | 673.26M |
| Investing Cash Flow | -160.05M | -172.04M | -186.12M | -206.14M | -108.81M | -76.02M |
| Financing Cash Flow | -225.18M | -221.37M | -400.95M | -318.87M | -592.05M | -488.85M |
Academy Sports and Outdoors Technical Analysis
Negative
46.58
Price Trends
49.40
Negative
52.11
Negative
52.37
Negative
Market Momentum
-0.58
Negative
43.04
Neutral
36.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASO, the sentiment is Negative. The current price of 46.58 is below the 20-day moving average (MA) of 47.49, below the 50-day MA of 49.40, and below the 200-day MA of 52.37, indicating a neutral trend. The MACD of -0.58 indicates Negative momentum. The RSI at 43.04 is Neutral, neither overbought nor oversold. The STOCH value of 36.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ASO.
Academy Sports and Outdoors Risk Analysis
Academy Sports and Outdoors disclosed 43 risk factors in its most recent earnings report. Academy Sports and Outdoors reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Academy Sports and Outdoors Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $27.53B | 26.08 | 53.29% | 1.25% | 1.30% | 1.14% | |
67 Neutral | $19.00B | 16.54 | 40.05% | 4.47% | 0.99% | 31.91% | |
65 Neutral | $3.04B | 8.69 | 18.01% | 1.20% | 3.77% | 4.71% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $18.44B | 19.66 | 18.08% | 2.39% | 41.22% | -25.28% | |
46 Neutral | $44.87M | -0.90 | -26.17% | ― | 1.14% | -37.68% |
* Consumer Cyclical Sector Average
ASO
Academy Sports and Outdoors
48.35
-0.38
-0.78%
BBY
Best Buy Co
87.82
27.09
44.60%
DKS
Dick's Sporting Goods
199.91
-2.16
-1.07%
WSM
Williams-Sonoma
233.32
48.26
26.08%
SPWH
Sportsman's Warehouse
1.16
-2.11
-64.53%
Academy Sports and Outdoors Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Academy Sports and Outdoors Posts Strong Q1 2026 Results
Positive
Jun 9, 2026
Academy Sports and Outdoors reported on June 9, 2026, that first quarter fiscal 2026 net sales for the period ended May 2, 2026 rose 6.7% to $1.44 billion, with comparable sales up 2.9%, e-commerce up 17.4%, and diluted GAAP EPS increasing 17.6% t...
Executive/Board ChangesShareholder Meetings
Academy Sports and Outdoors Holds 2026 Annual Meeting
Neutral
Jun 4, 2026
On June 4, 2026, Academy Sports and Outdoors, Inc. held its 2026 Annual Meeting of Stockholders, where shareholders elected three Class III directors, Ken Hicks, Beryl Raff, and Jeff Tweedy, to two-year terms ending at the 2028 annual meeting. Sto...
Business Operations and StrategyPrivate Placements and Financing
Academy Sports Refinances Debt and Extends Credit Facility
Positive
May 14, 2026
On May 14, 2026, Academy Sports and Outdoors’ subsidiary Academy, Ltd. issued $500 million of 5.875% senior secured notes due 2031 in a private placement, using the proceeds to redeem its senior secured notes due 2027 and fully repay a $400 ...
Business Operations and StrategyPrivate Placements and Financing
Academy Sports Prices $500 Million Senior Secured Notes
Positive
May 4, 2026
On May 4, 2026, Academy Sports and Outdoors announced that its wholly owned subsidiary Academy, Ltd. priced a $500 million private offering of 5.875% senior secured notes due 2031. The transaction, which is exempt from U.S. Securities Act registra...
Business Operations and StrategyPrivate Placements and Financing
Academy Sports Announces $500 Million Senior Notes Offering
Positive
May 4, 2026
On May 4, 2026, Academy Sports and Outdoors said its subsidiary Academy, Ltd. plans a private placement of $500 million in senior secured notes due 2031, offered under Rule 144A and Regulation S. The notes will be guaranteed on a senior secured ba...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.