Academy Sports and Outdoors, Inc. (ASO) to Issue Quarterly Dividend of $0.13 on April 17th

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) declared a quarterly dividend on Thursday, March 6th, RTT News reports. Shareholders of record on Tuesday, March 25th will be given a dividend of 0.13 per share on Thursday, April 17th. This represents a $0.52 annualized dividend and a yield of 1.10%. The ex-dividend date is Tuesday, March 25th. This is a 18.2% increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11.

Academy Sports and Outdoors has a payout ratio of 7.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Academy Sports and Outdoors to earn $6.25 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 8.3%.

Academy Sports and Outdoors Trading Down 0.4 %

NASDAQ ASO opened at $47.23 on Friday. Academy Sports and Outdoors has a twelve month low of $43.16 and a twelve month high of $68.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 1.02 and a beta of 1.25. The firm’s 50 day moving average price is $51.09 and its two-hundred day moving average price is $53.15.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.14. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the business posted $2.21 EPS. Equities analysts anticipate that Academy Sports and Outdoors will post 5.59 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. B. Riley decreased their target price on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Friday. Robert W. Baird decreased their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday. Truist Financial lifted their target price on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Oppenheimer reduced their price objective on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Morgan Stanley reduced their price objective on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $60.38.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.