Academy Sports and Outdoors, Inc. to Issue Quarterly Dividend of $0.15 (NASDAQ:ASO)

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) announced a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.15 per share on Wednesday, October 14th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, September 16th.

Academy Sports and Outdoors has a payout ratio of 9.1% 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 $0.60 annual dividend with an expected future payout ratio of 9.1%.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ:ASO traded up $1.26 during midday trading on Friday, reaching $44.94. 1,606,322 shares of the company’s stock traded hands, compared to its average volume of 1,508,960. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of 0.63 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.36 and a current ratio of 1.68. Academy Sports and Outdoors has a one year low of $41.29 and a one year high of $62.44. The stock has a 50 day moving average of $46.91 and a 200 day moving average of $52.01.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, June 9th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.Academy Sports and Outdoors’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the company earned $0.76 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. As a group, equities research analysts anticipate that Academy Sports and Outdoors will post 6.08 EPS for the current fiscal year.

Institutional Trading of Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASO. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Academy Sports and Outdoors during the 2nd quarter worth $38,000. EverSource Wealth Advisors LLC raised its holdings in Academy Sports and Outdoors by 38.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock worth $52,000 after purchasing an additional 258 shares during the period. State of Wyoming purchased a new position in Academy Sports and Outdoors during the second quarter valued at $55,000. Advisory Services Network LLC purchased a new position in Academy Sports and Outdoors during the third quarter valued at $61,000. Finally, Clearstead Advisors LLC lifted its position in Academy Sports and Outdoors by 192.6% during the fourth quarter. Clearstead Advisors LLC now owns 1,311 shares of the company’s stock valued at $65,000 after purchasing an additional 863 shares in the last quarter.

About Academy Sports and Outdoors

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.