Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.85, read 2026-11-02
Ethical does not pass the values gate
Price67.81 USD
Fair value70.00
Ethical score70.0/100
Value readFairas of 5 Nov 2026
Our investment reviews on this name
2026-10-18Read Accumulation58.47+16.0% to today ✓Markdown gives way to Accumulation after a 20% rise in 7 days
2026-10-11Read Markdown48.73+39.2% to today Markup gives way to Markdown first Markdown read since September
2026-10-02Read Markup48.49+39.8% to today ✓Markdown gives way to Markup after an 11% rise in 4 weeks
2026-09-01Read Markdown43.55+55.7% to today Accumulation gives way to Markdown after a 10% slide in 10 days
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Academy Sports and Outdoors, Inc. holds its Accumulation at $67.81. Elevated stress, defensive posture warranted, held for 17 days.
As held on the ledger · 2026-11-05
Phase
Accumulation
Quantitative state
Elevated stress, defensive posture warranted, held for 17 days
Price at the screen
$67.81
Valuation
11.36 trailing · 9.56 forward price to earnings
Values screen
FAIL· score 70.0
Beta
0.95
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
35.86%
Below 33%
Interest-bearing debt is 35.9% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
6.92%
Below 49%
Money owed to the company is 6.9% of assets, under the 49% limit.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
Academy Sports and Outdoors,'s business is in a permissible area, but its interest-bearing debt is about 36% of the company, just over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-11-05. It updates when the underlying figures move, and past reads are kept below.
Follow this verdict
Get an email when ASO's ethical verdict changes
Today ASO does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
Free, no account needed. Every email has a link to stop.
What the Numbers Say It Is Worth
The Fair Value Range
Our analysis reads Fair vs our fair value, as of 5 Nov 2026: it trades at roughly a 3% discount to our $70.00 fair value, 3.00% revenue growth.
Fair value range in USD, drawn from the 2026-11-05 screen. The gold marker is the market price at the same screen. A 3.1% discount to the base estimate.
Where our models see it going: fair-value estimate $70.00, with a range of $70.00 to $135.38, dated to the 2026-11-05 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Sports retailer looks cheap but cycle trap looms
Picture a family loading the truck with fishing rods and camping coolers after a Texas weekend. That everyday scene powers Academy Sports, a retailer posting 7% revenue growth, 6% margins and 19% returns on equity at a forward multiple of just 6.9 times. The valuation gap to our fair value suggests room on paper, yet the opportunity rating stays at none because the business sits squarely in cyclical retail where consumer wallets tighten fast.
We pass because a low multiple on a consumer cyclical often flags peak earnings rather than a bargain. Nineteen analysts still lean buy with a $59 median target, but that leaves little margin once spending patterns shift. Ethical screens clear without issue, yet the lack of any durable edge in a crowded outdoor-goods space keeps us on the sidelines.
Risk centres on discretionary spending that can drop sharply in a slowdown, turning today's modest growth into flat or falling sales. The apparent cheapness may simply reflect that vulnerability rather than hidden value. Analysis, not advice.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
ASO trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-01Accumulation$59.20-0.8%Entry 18
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Over the past year the shares are up 14%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (19 analysts) rates it buy, with a mean price target of $61.
2026-10-25Accumulation$59.65+2.0%Entry 17
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 2.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Over the past year the shares are up 14%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (19 analysts) rates it buy, with a mean price target of $61.
The framework has shifted from markdown to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 20.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 14%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (19 analysts) rates it buy, with a mean price target of $61.
2026-10-11Markdown · changed$48.73+0.5%Entry 15
The framework has shifted from markup to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 0.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 14%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (19 analysts) rates it buy, with a mean price target of $61.
2026-10-02Markup · changed$48.49+11.3%Entry 14
The framework has shifted from markdown to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 11.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 14%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (19 analysts) rates it buy, with a mean price target of $61.
2026-09-09Markdown$43.55+0.0%Entry 13
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 14%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (19 analysts) rates it buy, with a mean price target of $61. It reported earnings in this window, a natural checkpoint for the thesis.
2026-09-08Markdown$43.55+0.0%Entry 12
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 14%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (19 analysts) rates it buy, with a mean price target of $61. It reported earnings in this window, a natural checkpoint for the thesis.
2026-09-06Markdown$43.55+0.0%Entry 11
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 14%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (19 analysts) rates it buy, with a mean price target of $61. It reported earnings in this window, a natural checkpoint for the thesis.
2026-09-05Markdown$43.55+0.0%Entry 10
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 14%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (19 analysts) rates it buy, with a mean price target of $61. It reported earnings in this window, a natural checkpoint for the thesis.
2026-09-04Markdown$43.55+0.0%Entry 9
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 14%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (19 analysts) rates it buy, with a mean price target of $61. It reported earnings in this window, a natural checkpoint for the thesis.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
