Citigroup has downgraded Academy Sports and Outdoors Inc (ASO) from Buy to Neutral as of September 2, 2025. This decision underscores a shift in sentiment regarding the company's outlook, suggesting increased caution amid potential competitive pressures and market conditions that could affect performance.
Academy Sports and Outdoors, headquartered in Katy, Texas, operates a chain of sporting goods and outdoor recreation retail stores. The company, which employs approximately 9,900 full-time staff, has a market capitalization of $2.8 billion and a price-to-earnings ratio of 7.49. Its product offerings span key categories including outdoor gear, apparel, sports equipment, and footwear, featuring both national brands like Nike and a portfolio of over 19 private label brands.
Upcoming earnings reports are anticipated, with estimates for June 8, 2026, projecting earnings per share (EPS) of $0.91 and revenue of $1.5 billion. Analyst consensus currently leans towards a Buy rating, with 6 Strong Buy, 6 Buy, and 13 Hold ratings among 25 analysts.
Analyst ratings serve as valuable insights based on research and financial models, but they are subject to change as new information emerges. Investors should consider a range of factors—including company fundamentals and industry trends—when making decisions. Analyst opinions should complement rather than dictate investment strategies.