Academy Sports and Outdoors, Inc. (ASO) To Go Ex-Dividend on September 19th

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) announced a quarterly dividend on Thursday, September 5th, Zacks reports. Stockholders of record on Thursday, September 19th will be given a dividend of 0.11 per share on Thursday, October 17th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Thursday, September 19th.

Academy Sports and Outdoors has a dividend payout ratio of 6.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Academy Sports and Outdoors to earn $6.86 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 6.4%.

Academy Sports and Outdoors Price Performance

Shares of Academy Sports and Outdoors stock opened at $59.47 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41. Academy Sports and Outdoors has a one year low of $42.83 and a one year high of $75.73. The business’s 50 day simple moving average is $53.73 and its two-hundred day simple moving average is $57.35. The stock has a market capitalization of $4.29 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 0.94 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.96 by $0.07. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.01 earnings per share. Analysts forecast that Academy Sports and Outdoors will post 6.25 EPS for the current year.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 625 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total value of $33,906.25. Following the transaction, the director now owns 10,106 shares in the company, valued at approximately $548,250.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.19% of the company’s stock.

Analyst Upgrades and Downgrades

ASO has been the topic of several recent analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Truist Financial lifted their price objective on Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Wedbush restated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Evercore ISI raised their price target on Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company boosted their price objective on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.86.

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.