American Eagle Outfitters (AEO) Shares Gap Up After Dividend Announcement

American Eagle Outfitters (NYSE:AEO) shares gapped up before the market opened on Tuesday after the company announced a dividend. The stock had previously closed at $15.31, but opened at $15.66. American Eagle Outfitters shares last traded at $16.30, with a volume of 5921300 shares changing hands.

The newly announced dividend which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Thursday, December 14th. American Eagle Outfitters’s dividend payout ratio is 51.55%.

A number of equities analysts recently commented on AEO shares. BMO Capital Markets reaffirmed a “buy” rating and set a $15.00 price target on shares of American Eagle Outfitters in a research report on Wednesday, September 13th. Cowen set a $14.00 price target on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. SunTrust Banks set a $15.00 price target on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research report on Thursday, August 24th. FBR & Co reaffirmed a “buy” rating and set a $15.00 price target (up from $13.00) on shares of American Eagle Outfitters in a research report on Tuesday, September 5th. Finally, ValuEngine lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $14.31.

The firm has a market capitalization of $2,885.90, a P/E ratio of 14.17, a PEG ratio of 1.65 and a beta of 1.19.

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 13,500 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $14.22, for a total transaction of $191,970.00. Following the sale, the insider now directly owns 27,531 shares in the company, valued at $391,490.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. CIBC World Markets Inc. boosted its stake in shares of American Eagle Outfitters by 0.6% in the 2nd quarter. CIBC World Markets Inc. now owns 11,035 shares of the apparel retailer’s stock valued at $133,000 after purchasing an additional 63 shares in the last quarter. Ifrah Financial Services Inc. boosted its stake in shares of American Eagle Outfitters by 0.5% in the 2nd quarter. Ifrah Financial Services Inc. now owns 34,282 shares of the apparel retailer’s stock valued at $413,000 after purchasing an additional 177 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of American Eagle Outfitters by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 43,400 shares of the apparel retailer’s stock valued at $523,000 after purchasing an additional 200 shares in the last quarter. Amalgamated Bank boosted its stake in shares of American Eagle Outfitters by 1.1% in the 2nd quarter. Amalgamated Bank now owns 23,261 shares of the apparel retailer’s stock valued at $280,000 after purchasing an additional 252 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of American Eagle Outfitters by 9.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock valued at $103,000 after purchasing an additional 729 shares in the last quarter. Hedge funds and other institutional investors own 83.15% of the company’s stock.

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American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

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