American Eagle Outfitters (NYSE:AEO) declared a quarterly dividend on Thursday, March 8th, RTT News reports. Investors of record on Friday, April 13th will be given a dividend of 0.1375 per share by the apparel retailer on Friday, April 27th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Thursday, April 12th. This is a boost from American Eagle Outfitters’s previous quarterly dividend of $0.13.
American Eagle Outfitters has a payout ratio of 43.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect American Eagle Outfitters to earn $1.53 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 32.7%.
AEO opened at $21.04 on Friday. American Eagle Outfitters has a fifty-two week low of $10.23 and a fifty-two week high of $21.35. The stock has a market cap of $3,767.79, a P/E ratio of 18.32, a PEG ratio of 2.05 and a beta of 1.03.
Several analysts have commented on the stock. BMO Capital Markets set a $21.00 price objective on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research report on Tuesday, December 19th. ValuEngine raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Jefferies Group reaffirmed a “buy” rating and issued a $24.00 price objective on shares of American Eagle Outfitters in a research report on Friday, February 23rd. SunTrust Banks reaffirmed a “buy” rating on shares of American Eagle Outfitters in a research report on Friday, February 2nd. Finally, Cowen set a $20.00 price objective on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. American Eagle Outfitters presently has a consensus rating of “Buy” and a consensus target price of $18.37.
In other news, insider Jennifer M. Foyle sold 22,000 shares of the business’s stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $19.69, for a total value of $433,180.00. Following the sale, the insider now owns 49,791 shares of the company’s stock, valued at $980,384.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Michael R. Rempell sold 9,467 shares of the business’s stock in a transaction that occurred on Friday, March 23rd. The shares were sold at an average price of $20.10, for a total transaction of $190,286.70. The disclosure for this sale can be found here. In the last three months, insiders sold 61,467 shares of company stock worth $1,225,867. Insiders own 5.80% of the company’s stock.
American Eagle Outfitters Company Profile
American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.
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