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

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 dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 18th.

Academy Sports and Outdoors has a payout ratio of 9.1% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Performance

Shares of Academy Sports and Outdoors stock traded up $0.65 during trading hours on Friday, reaching $51.75. 1,304,542 shares of the stock traded hands, compared to its average volume of 1,447,286. The company has a 50 day moving average price of $54.46 and a 200 day moving average price of $54.47. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 9.31, a P/E/G ratio of 0.80 and a beta of 1.04. Academy Sports and Outdoors has a one year low of $41.29 and a one year high of $62.44. The company has a quick ratio of 0.44, a current ratio of 1.89 and a debt-to-equity ratio of 0.22.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ASO. Stephens began coverage on Academy Sports and Outdoors in a research report on Wednesday, May 13th. They set an “overweight” rating and a $78.00 target price on the stock. B. Riley Financial reiterated a “buy” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, April 8th. Barclays boosted their price objective on 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. Guggenheim boosted their price objective on Academy Sports and Outdoors from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Finally, JPMorgan Chase & Co. boosted their price objective on Academy Sports and Outdoors from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.