Academy Sports and Outdoors, Inc. (ASO) To Go Ex-Dividend on June 18th

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) announced a quarterly dividend on Thursday, June 4th. Investors of record on Thursday, June 18th will be paid a dividend of 0.15 per share on Thursday, July 16th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, June 18th.

Academy Sports and Outdoors has a payout ratio of 9.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Academy Sports and Outdoors to earn $6.47 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 9.3%.

Academy Sports and Outdoors Trading Up 1.3%

Shares of NASDAQ ASO opened at $51.75 on Friday. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 0.79 and a beta of 1.04. Academy Sports and Outdoors has a 12-month low of $41.29 and a 12-month high of $62.44. The company has a current ratio of 1.89, a quick ratio of 0.44 and a debt-to-equity ratio of 0.22. The stock’s 50 day simple moving average is $54.43 and its 200 day simple moving average is $54.45.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, March 17th. The company reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.08). The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.76 billion. Academy Sports and Outdoors had a return on equity of 17.88% and a net margin of 6.22%.The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the business posted $1.96 EPS. Equities research analysts expect that Academy Sports and Outdoors will post 5.93 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on ASO shares. Jefferies Financial Group reissued a “buy” rating and issued a $61.00 price target on shares of Academy Sports and Outdoors in a report on Tuesday, March 17th. JPMorgan Chase & Co. raised their price target on Academy Sports and Outdoors from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, March 18th. Truist Financial set a $54.00 price target on Academy Sports and Outdoors in a report on Monday, April 20th. Stephens started coverage on Academy Sports and Outdoors in a report on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 price target on the stock. Finally, Guggenheim raised their price target on Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $59.87.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.