American Eagle Outfitters (AEO) to Issue $0.14 Quarterly Dividend

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American Eagle Outfitters (NYSE:AEO) declared a quarterly dividend on Wednesday, March 13th, RTT News reports. Investors of record on Friday, April 12th will be given a dividend of 0.1375 per share by the apparel retailer on Friday, April 26th. This represents a $0.55 dividend on an annualized basis and a yield of 2.60%.

American Eagle Outfitters has increased its dividend by an average of 3.2% per year over the last three years. American Eagle Outfitters has a dividend payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect American Eagle Outfitters to earn $1.75 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 31.4%.

AEO opened at $21.15 on Thursday. American Eagle Outfitters has a one year low of $17.00 and a one year high of $29.88. The company has a market capitalization of $3.77 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.87 and a beta of 0.78.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. American Eagle Outfitters had a return on equity of 20.86% and a net margin of 6.49%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the firm posted $0.44 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts anticipate that American Eagle Outfitters will post 1.59 EPS for the current fiscal year.

In other American Eagle Outfitters news, EVP Andrew J. Mclean sold 14,984 shares of the business’s stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $18.26, for a total value of $273,607.84. Following the sale, the executive vice president now owns 14,984 shares of the company’s stock, valued at $273,607.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.30% of the stock is owned by insiders.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, December 13th. Jefferies Financial Group set a $28.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research report on Thursday, March 7th. Wedbush set a $25.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research report on Wednesday, December 12th. Deutsche Bank set a $23.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research report on Wednesday, December 12th. Finally, Loop Capital set a $27.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research report on Tuesday, December 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. American Eagle Outfitters has a consensus rating of “Buy” and an average price target of $24.62.

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About American Eagle Outfitters

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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Dividend History for American Eagle Outfitters (NYSE:AEO)

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