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Investing.com - Monness, Crespi, Hardt has initiated coverage on Academy Sports & Outdoors Inc. (NASDAQ:ASO) with a Buy rating and a price target of $65.00.
The research firm’s new coverage adds to the list of analysts tracking the sporting goods retailer, which operates over 260 stores across 17 states, primarily in the southern United States.
Academy Sports & Outdoors offers a broad range of products including sporting equipment, outdoor gear, apparel, and footwear, positioning it in the competitive sporting goods retail sector.
The $65.00 price target from Monness, Crespi, Hardt suggests potential upside for the stock based on recent trading levels.
The company has been expanding its store footprint in recent years while also developing its e-commerce capabilities to compete in the evolving retail landscape.
In other recent news, Academy Sports & Outdoors reported its Q1 2025 earnings, revealing an adjusted earnings per share (EPS) of $0.76, which was below the forecasted $0.8983. The company also reported revenue of $1.35 billion, slightly under the expected $1.37 billion. Despite these misses, several analysts have adjusted their price targets for Academy Sports. Loop Capital raised its price target to $65, maintaining a Buy rating, and expects comparable sales to turn positive in fiscal year 2025. TD Cowen increased its price target to $48 while maintaining a Hold rating, noting the company’s challenges with same-store sales and higher administrative expenses. UBS kept its Neutral rating with a $48 price target, citing ongoing challenges and the need for a clear performance turnaround. Truist Securities also raised its price target to $47, highlighting the success of Academy’s expanded Nike (NYSE:NKE) and new Jordan product assortment. These developments indicate varied analyst perspectives on Academy Sports’ future performance.
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