American Eagle Outfitters, Inc. (AEO) to Issue Quarterly Dividend of $0.13 on January 24th

American Eagle Outfitters, Inc. (NYSE:AEO) declared 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 2.99%. The ex-dividend date is Friday, January 10th.

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 dividend payout ratio of 24.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect American Eagle Outfitters to earn $1.83 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 27.3%.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock opened at $16.73 on Wednesday. The stock has a market capitalization of $3.21 billion, a P/E ratio of 14.30, a P/E/G ratio of 1.12 and a beta of 1.53. American Eagle Outfitters has a 52-week low of $16.06 and a 52-week high of $26.44. The stock’s 50-day simple moving average is $17.87 and its 200 day simple moving average is $19.67.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the firm earned $0.49 EPS. American Eagle Outfitters’s revenue for the quarter was down .9% on a year-over-year basis. Equities research analysts forecast that American Eagle Outfitters will post 1.69 EPS for the current fiscal year.

Insider Activity at American Eagle Outfitters

In related news, 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 transaction of $49,061.67. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 7.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on AEO. JPMorgan Chase & Co. restated a “neutral” rating and issued a $23.00 target price (down previously from $27.00) on shares of American Eagle Outfitters in a research note on Wednesday, December 4th. Barclays reduced their price objective on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Raymond James began coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They issued a “market perform” rating on the stock. Telsey Advisory Group reduced their price target on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday, December 5th. Finally, BMO Capital Markets lowered their price objective on 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, American Eagle Outfitters presently has an average rating of “Hold” and a consensus 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.