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

American Eagle Outfitters, Inc. (NYSE:AEO) announced a quarterly dividend on Tuesday, September 24th, NASDAQ reports. Shareholders of record on Friday, October 11th will be paid a dividend of 0.125 per share by the apparel retailer on Wednesday, October 30th. This represents a $0.50 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, October 11th.

American Eagle Outfitters has increased its dividend by an average of 2.9% per year over the last three years. American Eagle Outfitters has a dividend payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect American Eagle Outfitters to earn $1.94 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 25.8%.

American Eagle Outfitters Stock Performance

Shares of NYSE:AEO opened at $20.68 on Thursday. American Eagle Outfitters has a twelve month low of $15.19 and a twelve month high of $26.44. The firm has a market cap of $3.97 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.01 and a beta of 1.50. The business has a fifty day moving average of $20.66 and a 200-day moving average of $21.97.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business posted $0.25 earnings per share. American Eagle Outfitters’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts anticipate that American Eagle Outfitters will post 1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. TD Cowen cut their price target on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Morgan Stanley lowered their price target on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Thursday, May 30th. UBS Group reduced their price objective on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $25.00 target price on shares of American Eagle Outfitters in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, American Eagle Outfitters currently has an average rating of “Hold” and a consensus price target of $26.00.

Insider Buying and Selling at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,577 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $20.93, for a total transaction of $53,936.61. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Jay L. Schottenstein sold 999,999 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total value of $20,039,979.96. Following the completion of the transaction, the chief executive officer now owns 1,771,851 shares in the company, valued at $35,507,894.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 2,577 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $20.93, for a total transaction of $53,936.61. The disclosure for this sale can be found here. Insiders own 7.30% of the company’s stock.

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.