Wells Fargo & Company Has Lowered Expectations for Academy Sports and Outdoors (NASDAQ:ASO) Stock Price

Academy Sports and Outdoors (NASDAQ:ASO) had its price target lowered by equities research analysts at Wells Fargo & Company from $57.00 to $52.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential downside of 2.02% from the company’s current price.

A number of other brokerages have also weighed in on ASO. Telsey Advisory Group reaffirmed an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Tuesday. UBS Group increased their price target 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. Truist Financial cut their price target on Academy Sports and Outdoors from $59.00 to $52.00 and set a “hold” rating on the stock in a research note on Tuesday. Morgan Stanley lifted their price objective on 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. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Academy Sports and Outdoors in a research note on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $58.78.

Academy Sports and Outdoors Price Performance

Shares of ASO stock opened at $53.07 on Wednesday. The company has a market capitalization of $3.42 billion, a P/E ratio of 9.54, a P/E/G ratio of 0.59 and a beta of 1.23. The company’s 50-day simple moving average is $57.64 and its two-hundred day simple moving average is $52.47. Academy Sports and Outdoors has a one year low of $33.34 and a one year high of $62.44. 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 posted its quarterly earnings results on Tuesday, March 17th. The company reported $1.97 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.08). The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.76 billion. Academy Sports and Outdoors had a net margin of 6.22% and a return on equity of 17.88%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.96 EPS. As a group, equities analysts anticipate that Academy Sports and Outdoors will post 5.59 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC lifted its stake in shares of Academy Sports and Outdoors by 139.8% during the 4th quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $26,000 after purchasing an additional 281 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Academy Sports and Outdoors by 32.6% in the third quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock worth $51,000 after purchasing an additional 252 shares in the last quarter. Huntington National Bank raised its holdings in Academy Sports and Outdoors by 47.3% in the third quarter. Huntington National Bank now owns 1,015 shares of the company’s stock worth $51,000 after purchasing an additional 326 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Academy Sports and Outdoors during the fourth quarter valued at about $51,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Academy Sports and Outdoors by 117.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock valued at $56,000 after buying an additional 602 shares in the last quarter.

Academy Sports and Outdoors News Summary

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

• Positive Sentiment: Telsey Advisory Group reiterated an Outperform and keeps a $65 price target, signaling continued analyst conviction that ASO has upside from current levels. Telsey reiterates Outperform
• Positive Sentiment: JPMorgan raised its price target to $60 (now Neutral), which can support buying interest after the post-earnings drop. JPMorgan raises PT
• Positive Sentiment: Company plans to open up to 25 new stores in 2026 (including several in Texas), a growth catalyst that can drive revenue expansion and justify upside over time. Store expansion plans
• Neutral Sentiment: Short-interest notices show anomalous “0 shares” readings in mid-March — likely a reporting/data error and not meaningful evidence of a large short squeeze. (internal data)
• Neutral Sentiment: Valuation write-ups note the stock looks cheaper after the pullback, highlighting a P/E near the low end and a PEG under 1, which may attract value-oriented buyers if fundamentals stabilize. Valuation analysis
• Negative Sentiment: Q4 2025 missed both revenue and EPS expectations; comparable-store sales declined and management gave cautious FY26 comps guidance. Management flagged rising credit delinquencies, elevated inventories (up ~15% YoY) and softer traffic — all headwinds that prompted the earlier selloff. Earnings call transcript Earnings coverage
• Negative Sentiment: Several firms cut or trimmed price targets (UBS, Wells Fargo, Barclays lowered targets) which increased near-term selling pressure despite some offsetting raises/reiterates. Analyst PT moves

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.