American Eagle Outfitters, Inc. (AEO) to Issue Quarterly Dividend of $0.13 on April 25th

American Eagle Outfitters, Inc. (NYSE:AEO) declared a quarterly dividend on Thursday, March 13th, RTT News reports. Stockholders of record on Friday, April 11th will be given a dividend of 0.125 per share by the apparel retailer on Friday, April 25th. This represents a $0.50 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Friday, April 11th.

American Eagle Outfitters has decreased its dividend payment by an average of 9.6% per year over the last three years. American Eagle Outfitters has a payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect American Eagle Outfitters to earn $1.80 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 27.8%.

American Eagle Outfitters Stock Up 0.7 %

AEO opened at $11.06 on Friday. American Eagle Outfitters has a 52-week low of $10.74 and a 52-week high of $26.25. The company has a market cap of $2.12 billion, a P/E ratio of 9.45, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The firm’s 50-day moving average price is $14.76 and its 200-day moving average price is $17.65.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 7.30% of the company’s stock.

Analyst Ratings Changes

AEO has been the topic of several research reports. JPMorgan Chase & Co. cut their price target on shares of American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Raymond James assumed coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They set a “market perform” rating on the stock. Citigroup set a $13.00 price objective on shares of American Eagle Outfitters and gave the stock a “neutral” rating in a research note on Tuesday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $15.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $16.00.

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.