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

American Eagle Outfitters, Inc. (NYSE:AEO) announced a quarterly dividend on Thursday, March 13th, RTT News reports. Stockholders of record on Friday, April 11th will be paid a dividend of 0.125 per share by the apparel retailer on Friday, April 25th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.50%.

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% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

American Eagle Outfitters stock traded down $0.33 during midday trading on Thursday, hitting $11.12. The company’s stock had a trading volume of 3,147,760 shares, compared to its average volume of 4,609,763. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 0.82 and a beta of 1.57. American Eagle Outfitters has a 1-year low of $10.94 and a 1-year high of $26.25. The company has a 50-day moving average price of $15.01 and a two-hundred day moving average price of $17.78.

Wall Street Analyst Weigh In

AEO has been the subject of several recent research reports. Morgan Stanley upgraded American Eagle Outfitters from an “underperform” rating to an “equal weight” rating in a research note on Tuesday. Raymond James initiated coverage on American Eagle Outfitters in a report on Friday, December 13th. They set a “market perform” rating on the stock. Bank of America decreased their price target on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Citigroup set a $13.00 target price on shares of American Eagle Outfitters and gave the company a “neutral” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.90.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.30% of the stock is currently owned by company 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.