Academy Sports and Outdoors, Inc. (ASO) to Issue Quarterly Dividend of $0.11 on April 18th

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) announced a quarterly dividend on Thursday, March 7th, Zacks reports. Stockholders of record on Tuesday, March 26th will be given a dividend of 0.11 per share on Thursday, April 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, March 25th. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.09.

Academy Sports and Outdoors has a payout ratio of 4.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Academy Sports and Outdoors to earn $8.51 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 4.2%.

Academy Sports and Outdoors Stock Down 0.5 %

ASO stock opened at $64.11 on Friday. The firm has a 50-day simple moving average of $67.96 and a 200-day simple moving average of $57.43. The company has a quick ratio of 0.34, a current ratio of 1.87 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $4.75 billion, a P/E ratio of 9.54, a P/E/G ratio of 0.87 and a beta of 1.38. Academy Sports and Outdoors has a 52 week low of $42.83 and a 52 week high of $75.73.

Analyst Ratings Changes

ASO has been the subject of several research analyst reports. Robert W. Baird raised their price target on Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday. Telsey Advisory Group decreased their price target on Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday. Wells Fargo & Company dropped their target price on shares of Academy Sports and Outdoors from $88.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday. TD Cowen reduced their price objective on Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Truist Financial restated a “buy” rating and issued a $77.00 price target on shares of Academy Sports and Outdoors in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.38.

Insider Transactions at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,065 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $64.81, for a total value of $69,022.65. Following the completion of the transaction, the director now directly owns 9,070 shares in the company, valued at $587,826.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC grew its stake in shares of Academy Sports and Outdoors by 139.2% in the 1st quarter. Advisory Services Network LLC now owns 421 shares of the company’s stock worth $27,000 after purchasing an additional 245 shares during the last quarter. Captrust Financial Advisors raised its position in Academy Sports and Outdoors by 55.0% during the first quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock valued at $40,000 after buying an additional 357 shares during the period. KB Financial Partners LLC purchased a new stake in shares of Academy Sports and Outdoors in the second quarter worth approximately $84,000. Penserra Capital Management LLC acquired a new position in Academy Sports and Outdoors in the 3rd quarter valued at approximately $93,000. Finally, SkyView Investment Advisors LLC purchased a new position in shares of Academy Sports and Outdoors during the 2nd quarter valued at $94,000.

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, camping accessories and equipment, sunglasses, backpacks, and sports bags; 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, optics, airguns, and hunting equipment.