American Eagle Outfitters, Inc. (NYSE:AEO) declared a quarterly dividend on Thursday, September 7th, RTT News reports. Shareholders of record on Friday, October 6th will be paid a dividend of 0.125 per share by the apparel retailer on Friday, October 20th. This represents a $0.50 annualized dividend and a yield of 3.50%. The ex-dividend date is Thursday, October 5th.

American Eagle Outfitters has raised its dividend by an average of 10.1% annually over the last three years. American Eagle Outfitters has a payout ratio of 44.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect American Eagle Outfitters to earn $1.16 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 43.1%.

American Eagle Outfitters (NYSE AEO) opened at 14.30 on Friday. American Eagle Outfitters has a 12 month low of $10.23 and a 12 month high of $19.00. The firm’s 50-day moving average is $12.10 and its 200 day moving average is $12.57. The firm has a market capitalization of $2.53 billion, a P/E ratio of 14.68 and a beta of 1.07.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, August 23rd. The apparel retailer reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. The firm had revenue of $845.00 million during the quarter, compared to the consensus estimate of $823.84 million. During the same period last year, the firm earned $0.23 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts expect that American Eagle Outfitters will post $1.13 EPS for the current fiscal year.

A number of research firms have recently issued reports on AEO. BMO Capital Markets reaffirmed a “buy” rating and set a $15.00 price objective on shares of American Eagle Outfitters in a report on Wednesday, September 13th. Royal Bank Of Canada set a $14.00 price objective on shares of American Eagle Outfitters and gave the stock a “buy” rating in a report on Tuesday, August 29th. BidaskClub raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. ValuEngine downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, FBR & Co reiterated a “buy” rating and issued a $15.00 target price (up previously from $13.00) on shares of American Eagle Outfitters in a research report on Tuesday, September 5th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the stock. American Eagle Outfitters presently has an average rating of “Hold” and an average target price of $14.50.

In other news, insider Jennifer M. Foyle sold 13,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $14.22, for a total value of $191,970.00. Following the transaction, the insider now owns 27,531 shares in the company, valued at $391,490.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 5.80% of the company’s stock.

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About American Eagle Outfitters

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.

Dividend History for American Eagle Outfitters (NYSE:AEO)

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