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

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) announced a quarterly dividend on Friday, June 6th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.20%.

Academy Sports and Outdoors has a payout ratio of 7.9% meaning its dividend is sufficiently covered by earnings. Equities 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%

ASO traded up $0.56 during trading on Friday, reaching $43.46. 1,388,725 shares of the stock traded hands, compared to its average volume of 1,659,215. The stock's 50-day moving average is $40.06 and its 200 day moving average is $47.85. The stock has a market capitalization of $2.89 billion, a PE ratio of 7.14, a P/E/G ratio of 1.02 and a beta of 1.28. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a 12 month low of $33.34 and a 12 month high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.82 by $0.14. The firm had revenue of $1.68 billion during 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 company's quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.21 earnings per share. Equities analysts anticipate that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ASO. Evercore ISI dropped their price target on shares of Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. B. Riley decreased their price objective on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Morgan Stanley cut their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Citigroup reduced their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Wedbush decreased their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Academy Sports and Outdoors currently has a consensus rating of "Moderate Buy" and an average target price of $57.00.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio bought a new position in Academy Sports and Outdoors during the first quarter worth about $128,000. United Services Automobile Association bought a new stake in shares of Academy Sports and Outdoors in the first quarter valued at approximately $223,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Academy Sports and Outdoors by 3.2% during 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 buying an additional 1,257 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Academy Sports and Outdoors by 8.5% in the 1st 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 during the period.

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.