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

American Eagle Outfitters, Inc. (NYSE:AEO) announced a quarterly dividend on Tuesday, December 10th,RTT News reports. Investors 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 2.82%.

American Eagle Outfitters has raised its dividend payment by an average of 2.9% annually over the last three years. American Eagle Outfitters has a dividend payout ratio of 27.5% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

American Eagle Outfitters stock remained flat at $17.70 during midday trading on Tuesday. 7,555,491 shares of the company’s stock were exchanged, compared to its average volume of 4,674,237. The stock has a fifty day moving average price of $19.52 and a two-hundred day moving average price of $20.36. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51. American Eagle Outfitters has a 52-week low of $16.88 and a 52-week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly 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%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 EPS. On average, research analysts expect that American Eagle Outfitters will post 1.7 EPS for the current year.

Insider Buying and Selling

In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 1,771,851 shares in the company, valued at $35,507,894.04. This trade represents a 36.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Cary D. Mcmillan sold 2,283 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. 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 quarter. 7.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AEO. Bank of America dropped their target price on shares of American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Barclays cut 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 report on Friday. UBS Group cut their price target on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Finally, BMO Capital Markets cut their price target on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.40.

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.