American Eagle Outfitters (NYSE:AEO) declared a quarterly dividend on Thursday, December 6th, RTT News reports. Shareholders of record on Friday, December 14th will be given a dividend of 0.1375 per share by the apparel retailer on Friday, December 28th. This represents a $0.55 annualized dividend and a dividend yield of 2.78%.

American Eagle Outfitters has a payout ratio of 36.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect American Eagle Outfitters to earn $1.63 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 33.7%.

Shares of NYSE:AEO traded down $0.11 on Thursday, hitting $19.78. The company had a trading volume of 5,157,222 shares, compared to its average volume of 4,332,157. American Eagle Outfitters has a 1-year low of $16.14 and a 1-year high of $29.88. The company has a market cap of $3.53 billion, a P/E ratio of 17.05, a P/E/G ratio of 1.39 and a beta of 0.78.

AEO has been the topic of several research reports. Bank of America downgraded shares of American Eagle Outfitters from a “neutral” rating to an “underperform” rating and set a $18.00 price target on the stock. in a research note on Thursday, November 1st. Zacks Investment Research upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Monday, November 12th. Citigroup upgraded shares of American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Friday, October 19th. Deutsche Bank downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, ValuEngine downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. American Eagle Outfitters currently has a consensus rating of “Buy” and an average price target of $24.63.

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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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