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

American Eagle Outfitters, Inc. (NYSE:AEO) announced a quarterly dividend on Tuesday, December 10th,RTT News reports. Shareholders of record on Friday, January 10th will be given a dividend of 0.125 per share by the apparel retailer on Friday, January 24th. This represents a $0.50 annualized dividend and a yield of 2.81%.

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 payout ratio of 27.5% meaning its dividend is sufficiently covered by earnings. 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 Up 0.5 %

NYSE:AEO traded up $0.08 on Wednesday, hitting $17.78. The company’s stock had a trading volume of 380,177 shares, compared to its average volume of 4,655,435. The stock has a fifty day moving average of $19.44 and a two-hundred day moving average of $20.32. The firm has a market capitalization of $3.42 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51. American Eagle Outfitters has a one year low of $16.88 and a one year high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. As a group, sell-side analysts anticipate that American Eagle Outfitters will post 1.7 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AEO shares. Jefferies Financial Group reduced their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $23.00 price objective (down previously from $27.00) on shares of American Eagle Outfitters in a report on Wednesday, December 4th. Barclays cut their target price on American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. TD Cowen cut their target price on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Finally, StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, American Eagle Outfitters has a consensus rating of “Hold” and a consensus price target of $22.40.

Insiders Place Their Bets

In related news, Director David M. Sable sold 18,420 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $22.04, for a total value of $405,976.80. Following the transaction, the director now owns 39,356 shares of the company’s stock, valued at $867,406.24. This represents a 31.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The disclosure for this sale can be found here. Insiders have sold a total of 1,050,702 shares of company stock worth $21,148,718 over the last 90 days. Corporate 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.