Academy Sports and Outdoors, Inc. (ASO) To Go Ex-Dividend on June 20th

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) declared a quarterly dividend on Thursday, June 6th, Zacks reports. Investors of record on Thursday, June 20th will be given a dividend of 0.11 per share on Thursday, July 18th. This represents a $0.44 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, June 20th.

Academy Sports and Outdoors has a payout ratio of 6.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Academy Sports and Outdoors to earn $7.32 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 6.0%.

Academy Sports and Outdoors Stock Up 3.8 %

ASO stock opened at $53.78 on Tuesday. Academy Sports and Outdoors has a twelve month low of $42.83 and a twelve month high of $75.73. The company has a quick ratio of 0.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The firm has a market cap of $3.88 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37. The business has a 50 day moving average of $56.42 and a 200 day moving average of $62.28.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, June 11th. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business earned $1.19 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. On average, research analysts forecast that Academy Sports and Outdoors will post 6.51 EPS for the current fiscal year.

Insider Activity at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total value of $72,000.00. Following the transaction, the director now directly owns 7,870 shares of the company’s stock, valued at approximately $472,200. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.19% of the stock is owned by insiders.

Analysts Set New Price Targets

ASO has been the topic of several recent analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $75.00 target price on shares of Academy Sports and Outdoors in a research note on Tuesday, June 11th. Wells Fargo & Company reiterated an “equal weight” rating and set a $55.00 target price (down from $80.00) on shares of Academy Sports and Outdoors in a research note on Wednesday, June 12th. Bank of America downgraded Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $75.00 to $63.00 in a research note on Tuesday, June 11th. B. Riley restated a “buy” rating and issued a $72.00 price target (up from $65.00) on shares of Academy Sports and Outdoors in a research note on Monday, March 25th. Finally, Robert W. Baird dropped their price target on Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $66.27.

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.