American Eagle Outfitters (NYSE:AEO) declared a quarterly dividend on Tuesday, December 5th, RTT News reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.125 per share by the apparel retailer on Friday, December 29th. This represents a $0.50 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, December 14th.
American Eagle Outfitters has increased its dividend by an average of 10.1% per year over the last three years. American Eagle Outfitters has a payout ratio of 43.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect American Eagle Outfitters to earn $1.23 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 40.7%.
Shares of American Eagle Outfitters (AEO) traded down $0.44 during trading hours on Wednesday, hitting $17.19. The company’s stock had a trading volume of 6,834,100 shares, compared to its average volume of 4,568,022. American Eagle Outfitters has a fifty-two week low of $10.23 and a fifty-two week high of $17.92. The stock has a market capitalization of $3,125.94, a price-to-earnings ratio of 15.88, a PEG ratio of 1.74 and a beta of 1.19.
American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.02). The business had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $960.86 million. American Eagle Outfitters had a net margin of 4.50% and a return on equity of 17.42%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. equities research analysts predict that American Eagle Outfitters will post 1.16 earnings per share for the current year.
In related news, insider Jennifer M. Foyle sold 13,500 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $14.22, for a total value of $191,970.00. Following the transaction, the insider now directly owns 27,531 shares of the company’s stock, valued at approximately $391,490.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.90% of the stock is owned by corporate insiders.
A number of analysts recently issued reports on the company. FBR & Co reiterated a “buy” rating and issued a $15.00 price target (up previously from $13.00) on shares of American Eagle Outfitters in a report on Tuesday, September 5th. SunTrust Banks set a $15.00 price target on American Eagle Outfitters and gave the company a “buy” rating in a report on Thursday, August 24th. B. Riley reiterated a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, November 1st. Cowen set a $14.00 price target on American Eagle Outfitters and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, Oppenheimer set a $13.00 target price on American Eagle Outfitters and gave the stock a “hold” rating in a report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $15.05.
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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