American Eagle Outfitters, Inc. (AEO) To Go Ex-Dividend on October 11th

American Eagle Outfitters, Inc. (NYSE:AEO) announced a quarterly dividend on Tuesday, September 24th, NASDAQ reports. Investors of record on Friday, October 11th will be paid a dividend of 0.125 per share by the apparel retailer on Wednesday, October 30th. This represents a $0.50 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Friday, October 11th.

American Eagle Outfitters has increased its dividend payment by an average of 2.9% annually over the last three years. American Eagle Outfitters has a dividend payout ratio of 25.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect American Eagle Outfitters to earn $1.94 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 25.8%.

American Eagle Outfitters Trading Up 0.9 %

American Eagle Outfitters stock opened at $20.68 on Thursday. The stock has a fifty day moving average price of $20.66 and a 200 day moving average price of $21.97. American Eagle Outfitters has a 52 week low of $15.19 and a 52 week high of $26.44. The firm has a market capitalization of $3.97 billion, a P/E ratio of 18.63, a PEG ratio of 1.01 and a beta of 1.50.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business earned $0.25 EPS. American Eagle Outfitters’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities analysts predict that American Eagle Outfitters will post 1.78 EPS for the current year.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $20.93, for a total value of $53,936.61. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.04, for a total value of $20,039,979.96. Following the completion of the sale, the chief executive officer now owns 1,771,851 shares in the company, valued at $35,507,894.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 2,577 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $20.93, for a total value of $53,936.61. The disclosure for this sale can be found here. Company insiders own 7.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AEO has been the subject of several research reports. UBS Group decreased their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Morgan Stanley cut their target price on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Thursday, May 30th. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Barclays cut their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $25.00 price objective on shares of American Eagle Outfitters in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.00.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.