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 Friday, March 7th, RTT News reports. Investors 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 dividend on an annualized basis and a dividend yield of 1.06%. This is a 18.2% increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11.

Academy Sports and Outdoors has a dividend payout ratio of 5.9% meaning its dividend is sufficiently covered by earnings. Equities 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 $0.44 annual dividend with an expected future payout ratio of 7.0%.

Academy Sports and Outdoors Trading Up 0.9 %

ASO stock opened at $49.24 on Friday. The firm has a fifty day moving average price of $53.28 and a 200 day moving average price of $53.75. Academy Sports and Outdoors has a fifty-two week low of $44.73 and a fifty-two week high of $74.26. 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 firm has a market cap of $3.42 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.30). The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.38 earnings per share. Sell-side analysts anticipate that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Robert W. Baird dropped their price objective on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Telsey Advisory Group dropped their price objective 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 Thursday, December 5th. TD Cowen lifted their target price on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Truist Financial lifted their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, Wedbush reiterated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $61.67.

About Academy Sports and Outdoors

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.