Academy Sports and Outdoors, Inc. (ASO) to Issue Quarterly Dividend of $0.11 on July 18th

Academy Sports and Outdoors, Inc. (NASDAQ:ASOGet Free Report) declared a quarterly dividend on Thursday, June 6th, Zacks reports. Stockholders of record on Thursday, June 20th will be given a dividend of 0.11 per share on Thursday, July 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Thursday, June 20th.

Academy Sports and Outdoors has a payout ratio of 5.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Academy Sports and Outdoors to earn $7.50 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 5.9%.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO opened at $55.04 on Friday. Academy Sports and Outdoors has a 52-week low of $42.83 and a 52-week high of $75.73. The business’s fifty day moving average is $57.77 and its 200 day moving average is $61.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 1.87. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 0.84 and a beta of 1.37.

Academy Sports and Outdoors (NASDAQ:ASOGet Free Report) last posted its earnings results on Thursday, March 21st. The company reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.05). Academy Sports and Outdoors had a return on equity of 28.99% and a net margin of 8.43%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.78 billion. Research analysts predict that Academy Sports and Outdoors will post 6.68 EPS for the current year.

Insider Activity

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total value of $72,000.00. Following the transaction, the director now owns 7,870 shares of the company’s stock, valued at $472,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ASO. Telsey Advisory Group reduced their price objective on Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating on the stock in a research report on Thursday, March 21st. Truist Financial reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, March 19th. Jefferies Financial Group started coverage on shares of Academy Sports and Outdoors in a research note on Friday, April 12th. They issued a “buy” rating and a $85.00 price target for the company. Wells Fargo & Company reduced their price objective on Academy Sports and Outdoors from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Finally, Robert W. Baird boosted their target price on Academy Sports and Outdoors from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.43.

View Our Latest Stock Analysis on ASO

Academy Sports and Outdoors Company Profile

(Get Free Report)

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.

See Also

Dividend History for Academy Sports and Outdoors (NASDAQ:ASO)

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