American Eagle Outfitters, Inc. to Issue Quarterly Dividend of $0.13 (NYSE:AEO)

American Eagle Outfitters, Inc. (NYSE:AEO) declared a quarterly dividend on Tuesday, December 10th,RTT News reports. Stockholders of record on Friday, January 10th will be paid a dividend of 0.125 per share by the apparel retailer on Friday, January 24th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.81%.

American Eagle Outfitters has raised its dividend by an average of 2.9% per year over the last three years. American Eagle Outfitters has a dividend payout ratio of 27.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect American Eagle Outfitters to earn $1.86 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 26.9%.

American Eagle Outfitters Stock Up 0.5 %

Shares of American Eagle Outfitters stock traded up $0.08 during trading on Wednesday, reaching $17.78. 380,177 shares of the stock were exchanged, compared to its average volume of 4,655,435. The stock’s fifty day moving average is $19.44 and its 200 day moving average is $20.32. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51. American Eagle Outfitters has a 1 year low of $16.88 and a 1 year high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. American Eagle Outfitters’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. Equities analysts forecast that American Eagle Outfitters will post 1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Bank of America lowered their price objective on shares of American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $23.00 price objective (down from $27.00) on shares of American Eagle Outfitters in a report on Wednesday, December 4th. UBS Group lowered their price objective on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Jefferies Financial Group lowered their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. Finally, TD Cowen lowered their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, American Eagle Outfitters currently has an average rating of “Hold” and an average target price of $22.40.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,283 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the sale, the chief executive officer now owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. The trade was a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,050,702 shares of company stock worth $21,148,718 in the last 90 days. 7.30% of the stock is currently owned by insiders.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.