| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 93 | 9.3x | 17.8x | Top tier | |
Growth | 28 | 3.7% | 7.1% | Bottom tier | |
Quality | 67 | 12.0% | 4.5% | Top tier | |
Safety | 70 | 2.3x | 2.6x | Top tier | |
Capital Return | 46 | 0.98% | 2.12% | Around median | |
Momentum | 53 | 0.8% | 2.9% | Around median | |
Sentiment | 67 | 11 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Academy Sports and Outdoors operates a network of stores and an e-commerce platform selling sporting goods, recreational and outdoor products, apparel, and footwear. Its sales are based on a broad mix that includes sports, fitness, hunting, camping, and grilling equipment, as well as footwear and apparel. This diversity mitigated the impact of weakness in some categories; in the second quarter of fiscal 2026, Sports & Recreation sales grew 6% and Outdoor sales grew 4%, while Apparel sales were flat and Footwear declined 1%, noting that footwear represents approximately 20% of total sales. The company supports this growth by opening stores, expanding e-commerce, developing the myAcademy program, and adding brands and products such as HOKA, Ariat, and Redfield.
In the second quarter of fiscal 2026, sales reached $1.6 billion, an increase of 3%, while comparable sales declined 0.4% and e-commerce grew 12.8%. Gross profit according to EDGAR filings was approximately $665.9 million, and the company reported a gross margin of 40.4%, up 440 basis points, although this improvement included a non-recurring impact from tariff refunds. Operating income reached $246 million, up 42.9%, net income was $137.9 million, and diluted earnings per share were $2.17, up 17.3%, while adjusted earnings per share were $2.31, up 19.1%.
During the first half of fiscal 2026, sales reached $3.1 billion, an increase of 4.7%, and comparable sales grew 1.1%. The last-twelve-month figures reported in EDGAR filings indicate revenue of $6.2 billion, gross profit of $2.2 billion, net income of $395.9 million, and earnings per share of approximately $6.23. The composition of demand shows a clear divergence: traffic from households with annual income above $100 thousand rose by high-single-digit percentages, while traffic from households with income below $50 thousand fell by high-single-digit percentages during the second quarter of fiscal 2026.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $59.10, compared with a wide target range of $47 to $78 and a consensus rating of “Buy,” reflecting a positive view accompanied by considerable variation in valuation estimates. The average target is approximately 5% below the 52-week range high of $62.445, while the highest target exceeds that high and the lowest target exceeds the range low of $41.29; therefore, realization of the positive outlook depends on continued growth in stores and e-commerce after the tariff-refund benefit expires.
Figures in the text are as of 2026-09-11; the live price is shown at the top of the page.
Academy Sports' sales in the second quarter of fiscal 2026 reached approximately $1.6 billion, up 3%, while comparable sales declined 0.4%. The company reported a gross margin of 40.4% and operating income of $246 million, while net income according to EDGAR reached approximately $137.9 million. Diluted earnings per share reached $2.17, up 17.3%, and adjusted earnings per share were $2.31, up 19.1%. The margin benefited from 510 basis points related to tariff refunds, offset by a negative impact of 70 basis points from merchandise margin.
The company expects sales of between $6.23 billion and $6.36 billion in fiscal 2026, equivalent to growth of between 3% and 5%. It expects comparable sales between zero and 2%, a gross margin between 35.5% and 36%, and net income between $390 million and $415 million. The earnings-per-share range was raised to $6.05–$6.45, and adjusted earnings per share were set at $6.50–$6.90. The company also expects adjusted free cash flow of between $300 million and $350 million.
The company is targeting 22 to 24 store openings during fiscal 2026, after opening three stores in the second quarter and planning to open 11 stores in the third quarter. Stores opened between 2022 and 2025 delivered mid-single-digit comparable growth, and 63 stores from prior cohorts are expected to enter the comparable base by year-end. In the digital channel, sales grew 14% during the first half, and storefronts on Instacart and Uber Eats were added alongside DoorDash. The company also launched Academy Retail Media Network and plans to launch a TikTok shop for the Freely brand during the third quarter of fiscal 2026.
The myAcademy program exceeded 15 million members during the second quarter of fiscal 2026, the level that had represented the original year-end target, while the target is now 16 million members. Credit card applications rose 15%, approval rates improved by more than 900 basis points, and spending on Academy cards increased approximately 20% during the quarter. A myAcademy Rewards Mastercard user earns rewards equal to 2% of spending outside Academy, redeemable with the company. Management estimates indicate that a private-label cardholder spends 2.5 times the average customer, while a co-branded cardholder's spending may reach 3.5 times the average.
Sports & Recreation was the strongest division in the second quarter of fiscal 2026, growing 6%, supported by double-digit growth in soccer equipment and high-single-digit growth in treadmills. Outdoor grew 4%, supported by shooting sports, coolers, and camping, while Footwear declined 1%. The company launched HOKA in 15 stores and online and expanded ChicknLegs to approximately 200 stores and Ariat to 200 stores. In hunting equipment, Academy is targeting suppressor distribution in 135 stores by year-end and the launch of Redfield-branded hunting rifles during the second half.
The first risk is spending pressure among households with annual income below $50 thousand, whose traffic fell by high-single-digit percentages during the second quarter of fiscal 2026. Comparable sales also declined 0.4% and transactions fell approximately 2%, revealing that revenue growth relied partly on higher basket value and new stores. The quarterly margin improvement was also supported by non-recurring tariff refunds, while management expects continued pressure from fuel, freight, and price investment. Promotional competition and the 1% decline in Footwear add risks to achieving positive and sustainable comparable growth.
