American Eagle Outfitters, Inc. (AEO) To Go Ex-Dividend on April 10th

American Eagle Outfitters, Inc. (NYSE:AEO) declared a quarterly dividend on Monday, March 2nd. Stockholders of record on Friday, April 10th will be paid a dividend of 0.125 per share by the apparel retailer on Friday, April 24th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, April 10th.

American Eagle Outfitters has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. American Eagle Outfitters has a payout ratio of 38.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect American Eagle Outfitters to earn $1.80 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 27.8%.

American Eagle Outfitters Stock Down 0.7%

Shares of AEO opened at $17.36 on Wednesday. The stock has a market capitalization of $2.89 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.19 and a beta of 1.50. American Eagle Outfitters has a twelve month low of $9.27 and a twelve month high of $28.46. The company has a 50 day moving average of $20.80 and a 200-day moving average of $20.90.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.13. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.74 billion. American Eagle Outfitters had a net margin of 3.49% and a return on equity of 16.76%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. On average, sell-side analysts anticipate that American Eagle Outfitters will post 1.7 earnings per share for the current fiscal year.

Insider Activity at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 1,896 shares of the stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total value of $49,694.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Noel Joseph Spiegel sold 1,896 shares of the stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total value of $48,651.36. The SEC filing for this sale provides additional information. Corporate insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

Several large investors have recently made changes to their positions in AEO. Marshall Wace LLP boosted its holdings in shares of American Eagle Outfitters by 920.6% in the 3rd quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock valued at $94,066,000 after buying an additional 4,959,039 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in American Eagle Outfitters in the 4th quarter valued at $40,954,000. Arrowstreet Capital Limited Partnership raised its stake in American Eagle Outfitters by 153.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,410,162 shares of the apparel retailer’s stock valued at $63,556,000 after acquiring an additional 1,457,785 shares during the period. Segall Bryant & Hamill LLC bought a new stake in American Eagle Outfitters in the 3rd quarter valued at $23,395,000. Finally, Kinetic Partners Management LP bought a new stake in American Eagle Outfitters in the 3rd quarter valued at $14,618,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.