Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Declares Quarterly Dividend of $0.13

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) announced a quarterly dividend on Friday, March 7th, RTT News reports. Stockholders of record on Tuesday, March 25th will be paid 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 research 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 Price Performance

Shares of ASO stock opened at $49.24 on Friday. Academy Sports and Outdoors has a fifty-two week low of $44.73 and a fifty-two week high of $74.26. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 1.02 and a beta of 1.25. 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 stock’s 50-day simple moving average is $53.28 and its 200-day simple moving average is $53.75.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). The business 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%. Academy Sports and Outdoors’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 EPS. As a group, equities analysts forecast that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on ASO. Truist Financial upped their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Citigroup began coverage on Academy Sports and Outdoors in a research report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 target price on the stock. TD Cowen upped their target price on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Wedbush reiterated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Finally, Robert W. Baird dropped their target price on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Academy Sports and Outdoors presently has a consensus rating of “Hold” and an average price target of $61.67.

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.