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

American Eagle Outfitters, Inc. (NYSE:AEO) announced 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 2.83%. The ex-dividend date is Friday, January 10th.

American Eagle Outfitters has raised its dividend by an average of 2.9% annually over the last three years. American Eagle Outfitters has a dividend payout ratio of 27.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 0.3 %

Shares of NYSE:AEO opened at $17.64 on Thursday. American Eagle Outfitters has a 12-month low of $16.88 and a 12-month high of $26.44. The business has a 50 day moving average of $19.35 and a two-hundred day moving average of $20.30. The company has a market capitalization of $3.39 billion, a PE ratio of 15.08, a PEG ratio of 1.13 and a beta of 1.51.

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. Bank of America cut their price objective on American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, December 5th. JPMorgan Chase & Co. restated a “neutral” rating and set a $23.00 price objective (down from $27.00) on shares of American Eagle Outfitters in a research report on Wednesday, December 4th. BMO Capital Markets dropped their target price on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, December 5th. TD Cowen reduced their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Finally, Barclays decreased their price target on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.40.

Insiders Place Their Bets

In related news, Director David M. Sable sold 18,420 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $22.04, for a total value of $405,976.80. Following the completion of the sale, the director now owns 39,356 shares of the company’s stock, valued at approximately $867,406.24. This represents a 31.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jennifer M. Foyle sold 30,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total transaction of $653,700.00. Following the completion of the transaction, the insider now owns 200,427 shares in the company, valued at $4,367,304.33. The trade was a 13.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,050,702 shares of company stock valued at $21,148,718 in the last ninety days. 7.30% of the stock is currently owned by corporate insiders.

About American Eagle Outfitters

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.