American Eagle Outfitters, Inc. (NYSE:AEO) Declares Quarterly Dividend of $0.13

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) announced a quarterly dividend on Wednesday, June 4th, RTT News reports. Investors of record on Friday, July 11th will be given a dividend of 0.125 per share by the apparel retailer on Friday, July 25th. This represents a $0.50 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Friday, July 11th.

American Eagle Outfitters has decreased its dividend by an average of 9.6% annually over the last three years and has raised its dividend every year for the last 2 years. American Eagle Outfitters has a dividend payout ratio of 38.2% meaning 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 Price Performance

AEO traded up $0.01 during trading on Friday, hitting $10.15. The company's stock had a trading volume of 3,679,921 shares, compared to its average volume of 5,644,615. American Eagle Outfitters has a twelve month low of $9.45 and a twelve month high of $22.83. The firm's 50 day moving average price is $11.01 and its 200-day moving average price is $13.91. The stock has a market cap of $1.76 billion, a PE ratio of 8.69, a PEG ratio of 0.82 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.04). American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business posted $0.34 earnings per share. The firm's quarterly revenue was down 4.7% on a year-over-year basis. Equities analysts anticipate that American Eagle Outfitters will post 1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AEO. Wall Street Zen lowered American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. JPMorgan Chase & Co. dropped their price objective on American Eagle Outfitters from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 14th. Telsey Advisory Group increased their price objective on American Eagle Outfitters to $12.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Bank of America dropped their target price on shares of American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Finally, Citigroup reissued a "neutral" rating on shares of American Eagle Outfitters in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $14.70.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Empowered Funds LLC lifted its position in American Eagle Outfitters by 9.6% during the first quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer's stock valued at $185,000 after purchasing an additional 1,398 shares during the last quarter. Jones Financial Companies Lllp grew its position in American Eagle Outfitters by 1,238.2% in the first quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer's stock worth $611,000 after acquiring an additional 48,624 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in American Eagle Outfitters by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer's stock worth $1,229,000 after acquiring an additional 4,599 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of American Eagle Outfitters by 24.8% during the 1st quarter. Royal Bank of Canada now owns 162,243 shares of the apparel retailer's stock valued at $1,885,000 after buying an additional 32,191 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company's stock.

American Eagle Outfitters Company Profile

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.