American Eagle Outfitters, Inc. (NYSE:AEO) to Issue $0.13 Quarterly Dividend

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) dividend on an annualized basis 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 payment by an average of 0.1%per year 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. 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 Trading Down 0.7%

Shares of AEO stock opened at $17.36 on Wednesday. American Eagle Outfitters has a 1-year low of $9.27 and a 1-year high of $28.46. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 1.19 and a beta of 1.50. The stock’s fifty day simple moving average is $20.80 and its 200-day simple moving average is $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, beating analysts’ consensus estimates of $0.71 by $0.13. American Eagle Outfitters had a return on equity of 16.76% and a net margin of 3.49%.The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. American Eagle Outfitters’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, sell-side analysts predict that American Eagle Outfitters will post 1.7 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Zacks Research downgraded American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. The Goldman Sachs Group began coverage on American Eagle Outfitters in a report on Thursday, December 11th. They set a “neutral” rating and a $25.00 price target on the stock. Wall Street Zen raised American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a research report on Saturday. TD Cowen reduced their price objective on American Eagle Outfitters from $27.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, March 6th. Finally, UBS Group lifted their price objective on American Eagle Outfitters from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. One analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $21.75.

American Eagle Outfitters Company Profile

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.