Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Plans Quarterly Dividend of $0.11

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) announced a quarterly dividend on Thursday, December 5th,Wall Street Journal reports. Shareholders of record on Wednesday, December 18th will be paid a dividend of 0.11 per share on Wednesday, January 15th. This represents a $0.44 annualized dividend and a yield of 0.89%. The ex-dividend date is Wednesday, December 18th.

Academy Sports and Outdoors has a dividend payout ratio of 6.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Academy Sports and Outdoors to earn $6.59 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 6.7%.

Academy Sports and Outdoors Price Performance

Shares of ASO stock opened at $49.30 on Friday. The firm has a fifty day simple moving average of $51.93 and a 200-day simple moving average of $53.51. The company has a market capitalization of $3.47 billion, a PE ratio of 7.61, a price-to-earnings-growth ratio of 0.96 and a beta of 1.31. Academy Sports and Outdoors has a twelve month low of $44.73 and a twelve month high of $75.73. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.07. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the firm earned $2.01 earnings per share. The company’s revenue was down 2.2% on a year-over-year basis. Equities research analysts anticipate that Academy Sports and Outdoors will post 6.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Truist Financial lowered Academy Sports and Outdoors from a “buy” rating to a “hold” rating and cut their target price for the company from $63.00 to $50.00 in a research report on Tuesday, November 19th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Loop Capital reissued a “buy” rating and set a $77.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Wells Fargo & Company boosted their target price on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. Finally, Telsey Advisory Group reduced their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $61.21.

Insider Transactions at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total transaction of $74,400.00. Following the completion of the transaction, the director now owns 8,906 shares of the company’s stock, valued at approximately $552,172. The trade was a 11.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.19% of the company’s stock.

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.