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

by · The Markets Daily

Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Free Report) announced a quarterly dividend on Thursday, December 4th. Stockholders of record on Thursday, December 18th will be paid a dividend of 0.13 per share on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, December 18th.

Academy Sports and Outdoors has a dividend payout ratio of 7.9% indicating that its dividend is sufficiently covered by earnings. 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 $0.52 annual dividend with an expected future payout ratio of 8.3%.

Academy Sports and Outdoors Stock Performance

ASO traded up $0.94 on Friday, hitting $50.23. The company’s stock had a trading volume of 1,767,837 shares, compared to its average volume of 1,664,508. Academy Sports and Outdoors has a 12 month low of $33.34 and a 12 month high of $61.25. The company’s 50 day simple moving average is $48.58 and its 200-day simple moving average is $48.58. The company has a quick ratio of 0.33, a current ratio of 1.64 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.35 billion, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 1.00 and a beta of 1.30.

Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last posted its earnings results on Tuesday, September 2nd. The company reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.32). Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the prior year, the company earned $2.03 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts forecast that Academy Sports and Outdoors will post 5.59 EPS for the current year.

Wall Street Analyst Weigh In

ASO has been the topic of several recent analyst reports. Truist Financial increased their price objective on Academy Sports and Outdoors from $47.00 to $50.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Citigroup downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their price target for the company from $55.00 to $50.00 in a report on Wednesday, September 3rd. Telsey Advisory Group reissued an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday. Barclays began coverage on Academy Sports and Outdoors in a report on Tuesday, September 30th. They set an “equal weight” rating and a $51.00 price objective on the stock. Finally, Evercore ISI increased their price target on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the company an “in-line” rating in a report on Tuesday, October 14th. Nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors currently has a consensus rating of “Hold” and a consensus price target of $58.37.

View Our Latest 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.

Featured Stories