Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Announces Dividend Increase – $0.15 Per Share

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) declared a quarterly dividend on Thursday, March 5th. Stockholders of record on Friday, March 20th will be given a dividend of 0.15 per share on Friday, April 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, March 20th. This is a 15.4% increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.13.

Academy Sports and Outdoors has a payout ratio of 7.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Academy Sports and Outdoors to earn $6.25 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 8.3%.

Academy Sports and Outdoors Stock Down 0.2%

Shares of NASDAQ ASO traded down $0.14 during midday trading on Friday, hitting $60.25. 1,306,857 shares of the company’s stock were exchanged, compared to its average volume of 1,402,692. The firm’s fifty day simple moving average is $57.05 and its 200-day simple moving average is $52.30. The company has a market cap of $4.02 billion, a PE ratio of 11.01, a P/E/G ratio of 1.06 and a beta of 1.23. Academy Sports and Outdoors has a twelve month low of $33.34 and a twelve month high of $62.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.71 and a quick ratio of 0.32.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.06 by $0.08. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. Academy Sports and Outdoors had a net margin of 6.27% and a return on equity of 18.24%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. Research analysts predict that Academy Sports and Outdoors will post 5.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ASO shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Academy Sports and Outdoors in a research note on Monday, December 29th. Barclays lifted their target price on Academy Sports and Outdoors from $51.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 10th. Morgan Stanley upped their target price on Academy Sports and Outdoors from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Jefferies Financial Group restated a “buy” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Friday, January 2nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, December 9th. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.89.

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.