American Eagle Outfitters, Inc. (AEO) to Distribute Quarterly Dividend of $0.12 on October 28th

American Eagle Outfitters, Inc. (NYSE:AEO) announced a quarterly dividend on Tuesday, September 15th. Shareholders of record on Friday, October 9th will be paid a dividend of 0.125 per share by the apparel retailer on Wednesday, October 28th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, October 9th.

American Eagle Outfitters has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. American Eagle Outfitters has a dividend payout ratio of 38.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect American Eagle Outfitters to earn $1.90 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 26.3%.

American Eagle Outfitters Price Performance

AEO stock opened at $14.76 on Thursday. The company has a market capitalization of $2.47 billion, a P/E ratio of 7.53, a PEG ratio of 3.91 and a beta of 1.33. American Eagle Outfitters has a twelve month low of $14.06 and a twelve month high of $28.46. The business has a 50 day simple moving average of $16.85 and a 200-day simple moving average of $17.29. The company has a current ratio of 1.59, a quick ratio of 0.62 and a debt-to-equity ratio of 0.03.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.57. American Eagle Outfitters had a net margin of 5.91% and a return on equity of 23.63%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the company posted $0.45 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities analysts anticipate that American Eagle Outfitters will post 2.17 EPS for the current year.

Analyst Ratings Changes

AEO has been the topic of several research reports. Morgan Stanley lowered their price objective on shares of American Eagle Outfitters from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 10th. JPMorgan Chase & Co. upped their target price on shares of American Eagle Outfitters from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, August 18th. Wall Street Zen upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Weiss Ratings reissued a “hold (c)” rating on shares of American Eagle Outfitters in a report on Thursday, August 27th. Finally, Barclays dropped their price target on American Eagle Outfitters from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, American Eagle Outfitters has a consensus rating of “Hold” and a consensus price target of $19.36.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE:AEO) is a specialty retailer offering casual apparel, accessories and footwear for young women and men. Its product assortment includes jeans, tops, dresses, intimates, loungewear and activewear, with merchandise sold through company-operated stores and digital channels.

The company’s principal brands include American Eagle, which focuses on casual lifestyle clothing and denim, and Aerie, which offers intimates, activewear and loungewear. Its brand portfolio has also included OFFLINE by Aerie, a performance and wellness-oriented line, and Todd Snyder, a menswear brand known for elevated casual clothing and tailoring.

Founded in 1977, American Eagle Outfitters is headquartered in Pittsburgh, Pennsylvania.