10 Best Golf Stocks to Buy According to Analysts

4. Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Analysts’ Upside Potential as of April 9: 49.61%                                                        

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) is ranked fourth on our list of the Best Golf Stocks. It operates as a full-line sporting products and outdoor recreation retailer in the United States. The company’s product areas include outdoor, apparel, sports & recreation, and footwear. Golf products include clubs, balls, bags, and accessories from a variety of well-known companies, as well as golf technology and training tools. It also offers golf apparel and footwear tailored to players of all ability levels, ensuring an extensive selection for both beginners and professionals.

The company offers national brands as well as several private-label brands. It stated that 55% of its consumers will buy a private-label brand from the retailer in 2023. Academy Sports and Outdoors, Inc. (NASDAQ:ASO) remains focused on expansion, with plans to open at least 20 locations in the fiscal year 2025, notwithstanding declining sales and earnings through 2024 due to increased supply chain costs and inflationary pressures on consumers.

Nonetheless, the outdoor category was the company’s best-performing segment in Q4 of 2024, with a 2% net sales increase driven by the Hunting, Fishing, and Camping businesses, as well as strong demand for important national brands like YETI and Stanley. Apparel sales showed signs of recovery in Q4, with only a 1% fall, because of outstanding performance in Youth Apparel, Fleece, and Workwear, particularly from brands like Carhartt and Nike over the holidays. Positive trends in new shop openings continued, with 2022 vintage stores exceeding the existing store base and 20 to 25 new stores scheduled for 2025 to fuel future development. Academy Sports and Outdoors, Inc. (NASDAQ:ASO) also achieved success with the launch of My Academy Rewards, which enrolled over 11 million customers and led to higher expenditure from loyalty members during the holidays.