American Eagle Outfitters, Inc. (NYSE:AEO) to Issue $0.10 Quarterly Dividend

American Eagle Outfitters, Inc. (NYSE:AEO) declared a quarterly dividend on Thursday, September 14th, Wall Street Journal reports. Shareholders of record on Friday, October 13th will be given a dividend of 0.10 per share by the apparel retailer on Friday, October 27th. This represents a $0.40 annualized dividend and a yield of 2.62%. The ex-dividend date is Thursday, October 12th.

American Eagle Outfitters has decreased its dividend by an average of 4.4% per year over the last three years. American Eagle Outfitters has a dividend payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Analysts expect American Eagle Outfitters to earn $1.25 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 32.0%.

American Eagle Outfitters Stock Up 2.6 %

NYSE AEO opened at $15.29 on Friday. American Eagle Outfitters has a 52 week low of $9.46 and a 52 week high of $17.53. The stock has a market capitalization of $3.02 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 0.79 and a beta of 1.52. The firm has a 50 day moving average of $14.89 and a two-hundred day moving average of $13.46.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, September 6th. The apparel retailer reported $0.25 EPS for the quarter, topping the consensus estimate of $0.16 by $0.09. American Eagle Outfitters had a net margin of 4.04% and a return on equity of 14.92%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business posted $0.04 EPS. The firm’s revenue was up .2% on a year-over-year basis. On average, equities research analysts expect that American Eagle Outfitters will post 1.23 earnings per share for the current fiscal year.

Institutional Trading of American Eagle Outfitters

Several institutional investors and hedge funds have recently bought and sold shares of AEO. State of Wyoming purchased a new stake in American Eagle Outfitters in the 4th quarter valued at $27,000. Canada Pension Plan Investment Board purchased a new position in American Eagle Outfitters during the 1st quarter worth $37,000. Quarry LP purchased a new position in American Eagle Outfitters during the 1st quarter worth $38,000. Public Employees Retirement System of Ohio purchased a new position in American Eagle Outfitters during the 1st quarter worth $85,000. Finally, PFS Investments Inc. purchased a new position in American Eagle Outfitters during the 4th quarter worth $144,000. Hedge funds and other institutional investors own 90.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AEO shares. Citigroup boosted their price target on shares of American Eagle Outfitters from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, September 7th. Telsey Advisory Group boosted their price objective on shares of American Eagle Outfitters from $15.00 to $19.00 and gave the stock a “market perform” rating in a research report on Thursday, September 7th. StockNews.com upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of American Eagle Outfitters from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Finally, BMO Capital Markets reduced their price objective on shares of American Eagle Outfitters from $14.00 to $10.00 in a research report on Thursday, May 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.41.

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 and Aerie brands in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men; and intimates, apparel, activewear, and swim collections.