Academy Sports and Outdoors has declared a regular quarterly dividend of $0.09 per share ($0.36 annualized) on June 1, 2023. Previously, the company paid the same amount.
If you want to qualify for the dividend, you must purchase shares before the ex-dividend date of June 14, 2023. Shareholders of record as of June 15, 2023, will receive payment on July 13, 2023.
The current dividend yield of the stock, priced at $51.37/share, is 0.70%.
Looking at the average dividend yield for the past five years, taken as a sample every week, the highest has been 2.74%, the lowest has been 0.49%, and the average dividend yield was 1.01% with a standard deviation of yields of 0.51 (n=124).
The current dividend yield is 0.60 standard deviations below the historical average.
The company’s dividend payout ratio is 0.04. This ratio states how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid out as a dividend. Anything above one (1.0) indicates the company is dipping into its savings to maintain the dividend, preferably not a healthy situation. Companies with low growth prospects are expected to pay out most of their income while those with high growth prospects are expected to keep some earnings to invest in those prospects, indicating a payout ratio of zero to 0.5.
Academy Sports and Outdoors has not increased its dividend payout within the last three years.
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What is the Fund Sentiment?
There has been an increase of 23 owner(s) or 3.00% in the last quarter amongst the 790 funds or institutions reporting positions in Academy Sports and Outdoors. The average portfolio weight of all funds dedicated to ASO is 0.34%, marking an increase of 6.03%. Total shares owned by institutions increased in the last three months by 0.52% to 94,513K shares. 
The put/call ratio of ASO is 1.24, indicating a bearish outlook.
Analyst Price Forecast Suggests 51.90% Upside
As of June 2, 2023, the average one-year price target for Academy Sports and Outdoors is 78.03. The forecasts range from a low of 70.70 to a high of $89.25. The average price target represents an increase of 51.90% from its latest reported closing price of 51.37.
Visit our leaderboard of companies with the highest price target upside.
The projected annual revenue for Academy Sports and Outdoors is 6,813MM, and the projected annual non-GAAP EPS is 7.93, indicating a 6.54% increase in revenue.
What are Other Shareholders Doing?
IJR – iShares Core S&P Small-Cap ETF holds 5,693K shares representing 7.40% ownership of the company. The firm increased its portfolio allocation in ASO by 16.26% over the last quarter, but its prior filing reported owning 5,908K shares, representing a decrease of 3.79%.
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