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

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) declared a quarterly dividend on Friday, June 6th, RTT News reports. Investors of record on Thursday, June 19th will be given a dividend of 0.13 per share on Thursday, July 17th. This represents a $0.52 annualized dividend and a yield of 1.20%.

Academy Sports and Outdoors has a payout ratio of 7.9% meaning 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 Trading Up 1.3%

NASDAQ:ASO opened at $43.46 on Friday. The stock’s 50-day moving average is $40.06 and its two-hundred day moving average is $47.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The stock has a market cap of $2.89 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 1.02 and a beta of 1.28. Academy Sports and Outdoors has a fifty-two week low of $33.34 and a fifty-two week high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.14. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.21 earnings per share. As a group, equities research analysts forecast that Academy Sports and Outdoors will post 5.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Academy Sports and Outdoors by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,472 shares of the company’s stock valued at $1,846,000 after purchasing an additional 1,257 shares during the period. Strs Ohio bought a new position in Academy Sports and Outdoors during the 1st quarter worth $128,000. Royal Bank of Canada lifted its holdings in shares of Academy Sports and Outdoors by 8.5% during the first quarter. Royal Bank of Canada now owns 59,775 shares of the company’s stock worth $2,726,000 after buying an additional 4,665 shares in the last quarter. Finally, United Services Automobile Association bought a new stake in shares of Academy Sports and Outdoors in the first quarter valued at about $223,000.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Oppenheimer reduced their price objective on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Wedbush decreased their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, March 21st. B. Riley dropped their price objective on Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Citigroup cut their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Morgan Stanley cut their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Academy Sports and Outdoors currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

About Academy Sports and Outdoors

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.