American Eagle Outfitters, Inc. (AEO) To Go Ex-Dividend on July 12th

American Eagle Outfitters, Inc. (NYSE:AEOGet Free Report) declared a quarterly dividend on Tuesday, June 4th, RTT News reports. Shareholders of record on Friday, July 12th will be given a dividend of 0.125 per share by the apparel retailer on Friday, July 26th. This represents a $0.50 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Friday, July 12th.

American Eagle Outfitters has raised its dividend by an average of 2.9% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. American Eagle Outfitters has a payout ratio of 26.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect American Eagle Outfitters to earn $1.90 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 26.3%.

American Eagle Outfitters Stock Performance

AEO opened at $21.69 on Thursday. American Eagle Outfitters has a fifty-two week low of $11.02 and a fifty-two week high of $26.44. The company has a fifty day moving average of $23.69 and a two-hundred day moving average of $22.16. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.08 and a beta of 1.49.

American Eagle Outfitters (NYSE:AEOGet Free Report) last released its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.15 billion. American Eagle Outfitters had a net margin of 4.12% and a return on equity of 19.39%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 earnings per share. On average, equities research analysts forecast that American Eagle Outfitters will post 1.74 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on AEO shares. Telsey Advisory Group reissued a “market perform” rating and set a $25.00 target price on shares of American Eagle Outfitters in a research note on Thursday, May 30th. JPMorgan Chase & Co. upgraded shares of American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price target on the stock in a research report on Tuesday, April 9th. Citigroup boosted their price target on shares of American Eagle Outfitters from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Barclays boosted their price target on shares of American Eagle Outfitters from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Finally, Morgan Stanley lowered their price target on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Thursday, May 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.00.

Check Out Our Latest Analysis on AEO

Insider Transactions at American Eagle Outfitters

In other news, CAO James H. Keefer, Jr. sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $25.82, for a total value of $180,740.00. Following the transaction, the chief accounting officer now directly owns 17,266 shares in the company, valued at approximately $445,808.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CAO James H. Keefer, Jr. sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $25.82, for a total transaction of $180,740.00. Following the sale, the chief accounting officer now directly owns 17,266 shares of the company’s stock, valued at approximately $445,808.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jennifer M. Foyle sold 26,440 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $24.66, for a total transaction of $652,010.40. Following the completion of the sale, the insider now directly owns 226,497 shares in the company, valued at $5,585,416.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,319 shares of company stock worth $1,312,938. 7.30% of the stock is currently owned by insiders.

About American Eagle Outfitters

(Get Free Report)

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.

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Dividend History for American Eagle Outfitters (NYSE:AEO)

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