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ASO Academy Sports & OutdoorsAnalyst actions

Cantor Fitzgerald Initiates Academy Sports at Overweight; Loop Cuts to Hold

Cantor Fitzgerald set an $89.00 price target, while the median target among 13 covering firms before Tuesday was $58.00.

By Zintick Team · Editor: Kratik Mehta
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Key points

  • Cantor Fitzgerald initiated at overweight with an $89.00 price target
  • Loop Capital downgraded the stock to hold from buy before the open
  • Stock fell 1.1% to $70.39 on Nov. 10; S&P 500 ETF down 0.4%
  • Median price target before Tuesday was $58.00 across 13 firms

Two analysts acted on Academy Sports & Outdoors, Inc. (Nasdaq: ASO) on Tuesday. Cantor Fitzgerald initiated coverage at overweight with a price target of $89.00, and Loop Capital downgraded the stock to hold from buy. Both actions came before the open.

Among the 13 firms that rated the stock in the past year, four rated it positive and nine neutral before Tuesday, with none negative. Their median price target was $58.00, ranging from $42.00 to $78.00. Cantor Fitzgerald's $89.00 target is the firm's own view and sits above that median.

The stock closed at $71.18 on Monday, Nov. 9, after rising 32.3% over the 20 sessions to that close. On Tuesday, Nov. 10, it fell 1.1% to close at $70.39, while the S&P 500 ETF was down 0.4% in the session.

For scale, Academy Sports reported revenue of $6.05 billion for the fiscal year ended Jan. 31, up 2% from a year earlier. In the latest quarter, ended Aug. 1, revenue was $1.65 billion, up 3%, and diluted earnings per share were $2.17, compared with $1.85 a year earlier. Cash and equivalents stood at $298.2 million as of Aug. 1.

Written with AI from analyst rating changes, SEC filings and market data, and checked against those sources before publishing. Our editorial standards.

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Filings, figures and price history are on the Academy Sports & Outdoors page.