Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Declares $0.11 Quarterly Dividend

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) announced a quarterly dividend on Thursday, September 5th, Zacks reports. Investors of record on Thursday, September 19th will be paid a dividend of 0.11 per share on Thursday, October 17th. This represents a $0.44 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, September 19th.

Academy Sports and Outdoors has a dividend payout ratio of 6.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Academy Sports and Outdoors to earn $6.86 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 6.4%.

Academy Sports and Outdoors Price Performance

NASDAQ ASO opened at $61.05 on Wednesday. The stock has a market capitalization of $4.40 billion, a P/E ratio of 9.33, a P/E/G ratio of 0.94 and a beta of 1.34. Academy Sports and Outdoors has a 1 year low of $42.83 and a 1 year high of $75.73. The business’s fifty day moving average is $53.91 and its two-hundred day moving average is $57.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.07. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.01 earnings per share. On average, research analysts forecast that Academy Sports and Outdoors will post 6.25 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jeffrey C. Tweedy sold 625 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total value of $33,906.25. Following the completion of the sale, the director now directly owns 10,106 shares in the company, valued at $548,250.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ASO shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. JPMorgan Chase & Co. downgraded shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and cut their target price for the company from $76.00 to $53.00 in a research note on Monday, August 5th. TD Cowen boosted their target price on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a research note on Wednesday, September 11th. Wedbush reissued an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Finally, Bank of America downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and cut their target price for the company from $75.00 to $63.00 in a research note on Tuesday, June 11th. Six equities 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.86.

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.