Wells Fargo & Company Cuts Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $52.00

Academy Sports and Outdoors (NASDAQ:ASO) had its price objective trimmed by Wells Fargo & Company from $57.00 to $52.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities analysts also recently issued reports about the stock. Morgan Stanley raised their target price on shares of Academy Sports and Outdoors from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Academy Sports and Outdoors in a report on Monday, December 29th. Truist Financial lowered their price target on shares of Academy Sports and Outdoors from $59.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday. Bank of America raised their price objective on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 10th. Finally, UBS Group lifted their price objective on Academy Sports and Outdoors from $54.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors presently has a consensus rating of “Hold” and an average target price of $57.36.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO opened at $51.95 on Wednesday. Academy Sports and Outdoors has a 1-year low of $33.34 and a 1-year high of $62.44. The company has a market capitalization of $3.34 billion, a P/E ratio of 9.34, a PEG ratio of 0.82 and a beta of 1.23. The business has a 50 day moving average price of $57.59 and a 200 day moving average price of $52.46. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 0.32.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, March 17th. The company reported $1.97 earnings per share (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 analyst estimates of $1.76 billion. During the same period last year, the firm earned $1.96 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Sell-side analysts expect that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 20th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.2%. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, March 20th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 9.51%.

Institutional Investors Weigh In On Academy Sports and Outdoors

Large investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Academy Sports and Outdoors in the 2nd quarter worth $34,228,000. Junto Capital Management LP acquired a new stake in shares of Academy Sports and Outdoors during the third quarter worth $36,567,000. Boston Partners lifted its holdings in shares of Academy Sports and Outdoors by 85.5% during the third quarter. Boston Partners now owns 1,302,141 shares of the company’s stock valued at $65,416,000 after purchasing an additional 600,335 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Academy Sports and Outdoors by 128.2% during the fourth quarter. Invesco Ltd. now owns 833,769 shares of the company’s stock valued at $41,655,000 after purchasing an additional 468,457 shares during the last quarter. Finally, Hood River Capital Management LLC boosted its position in shares of 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 during the period.

Trending Headlines about Academy Sports and Outdoors

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

• Positive Sentiment: Academy launched a tiered myAcademy Rewards Mastercard and reworked its myAcademy loyalty program in partnership with Bread Financial — a move that should boost repeat purchase behavior, payment-related economics and digital engagement. Academy Sports + Outdoors Launches New Tiered myAcademy® Rewards Credit Card and Enhanced Loyalty Program
• Positive Sentiment: Management plans up to 25 new stores in 2026, signaling continued brick-and-mortar expansion and incremental sales opportunities in core Texas and regional markets. Academy Sports and Outdoors plans up to 25 new stores in 2026, including several in Texas
• Positive Sentiment: JPMorgan published a favorable forecast calling for strong price appreciation, adding buy-side optimism that can support upside if execution remains on track. JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Academy Sports and Outdoors (NASDAQ:ASO) Stock
• Neutral Sentiment: Q4 2025 earnings call transcript provides context: ASO posted a slight EPS miss and revenue below estimates, but showed modest YoY revenue growth; investors will be watching margin and comp commentary for signs of improvement. Academy Sports And Outdoors, Inc. (ASO) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Media pieces revisiting valuation after recent share weakness provide context for both value-oriented and momentum traders assessing ASO’s P/E and growth outlook. A Look At Academy Sports And Outdoors (ASO) Valuation After Recent Share Price Softness
• Neutral Sentiment: Reported short-interest data appears anomalous (shows zero/NaN), likely a reporting glitch so it shouldn’t be read as a meaningful change in bearish positioning at this time.
• Negative Sentiment: UBS cut its price target to $56, which can weigh on sentiment among target-driven investors. UBS Group Lowers Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $56.00
• Negative Sentiment: Barclays issued a pessimistic forecast, adding more downside-weighted analyst views to the tape. Barclays Issues Pessimistic Forecast for Academy Sports and Outdoors (NASDAQ:ASO) Stock Price
• Negative Sentiment: Wells Fargo lowered its expectations for ASO, contributing to the cluster of downgrades/target cuts that are pressuring the stock despite the company’s strategic initiatives. Wells Fargo & Company Has Lowered Expectations for Academy Sports and Outdoors (NASDAQ:ASO) Stock Price

About Academy Sports and Outdoors

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.