Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Declares $0.15 Quarterly Dividend

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) announced a quarterly dividend on Thursday, June 4th. Shareholders of record on Thursday, June 18th will be given a dividend of 0.15 per share on Thursday, July 16th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 18th.

Academy Sports and Outdoors has a dividend payout ratio of 9.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Academy Sports and Outdoors to earn $6.47 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 9.3%.

Academy Sports and Outdoors Trading Up 1.3%

ASO traded up $0.65 during trading on Friday, reaching $51.75. 1,304,542 shares of the company’s stock were exchanged, compared to its average volume of 1,447,286. Academy Sports and Outdoors has a one year low of $41.29 and a one year high of $62.44. The company has a current ratio of 1.89, a quick ratio of 0.44 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.34 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 0.80 and a beta of 1.04. The firm has a fifty day moving average price of $54.46 and a two-hundred day moving average price of $54.47.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, March 17th. The company reported $1.97 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.08). Academy Sports and Outdoors had a return on equity of 17.88% and a net margin of 6.22%.The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the firm earned $1.96 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts forecast that Academy Sports and Outdoors will post 5.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on ASO. B. Riley Financial reissued a “buy” rating on shares of Academy Sports and Outdoors in a report on Wednesday, April 8th. Guggenheim boosted their target price on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Barclays upped their price objective on shares of Academy Sports and Outdoors from $49.00 to $55.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, March 17th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Academy Sports and Outdoors currently has an average rating of “Hold” and an average price target of $59.87.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.