American Eagle Outfitters, Inc. (NYSE:AEO) Plans $0.12 Quarterly Dividend

American Eagle Outfitters, Inc. (NYSE:AEO) announced a quarterly dividend on Tuesday, September 15th. Stockholders of record on Friday, October 9th will be paid a dividend of 0.125 per share by the apparel retailer on Wednesday, October 28th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, October 9th.

American Eagle Outfitters has increased its dividend by an average of 0.1%annually over the last three years and has raised 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 $1.90 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 Trading Down 4.1%

Shares of AEO opened at $14.80 on Wednesday. American Eagle Outfitters has a 52-week low of $14.06 and a 52-week high of $28.46. The stock has a market cap of $2.48 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 4.21 and a beta of 1.33. The company has a quick ratio of 0.62, a current ratio of 1.59 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average is $16.89 and its two-hundred day moving average is $17.37.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, September 9th. The apparel retailer reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.57. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. American Eagle Outfitters had a return on equity of 23.63% and a net margin of 5.91%.The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. Research analysts forecast that American Eagle Outfitters will post 2.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other American Eagle Outfitters news, Director David M. Sable sold 5,779 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $17.23, for a total transaction of $99,572.17. Following the transaction, the director directly owned 53,481 shares in the company, valued at approximately $921,477.63. This represents a 9.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Noel Spiegel sold 2,892 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total transaction of $48,527.76. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,563 shares of company stock valued at $196,599 over the last quarter. Company insiders own 8.95% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

Large investors have recently bought and sold shares of the stock. Nykredit A S purchased a new stake in American Eagle Outfitters during the second quarter valued at about $33,253,000. Parkside Financial Bank & Trust raised its position in American Eagle Outfitters by 772.7% in the second quarter. Parkside Financial Bank & Trust now owns 3,997 shares of the apparel retailer’s stock valued at $69,000 after purchasing an additional 3,539 shares during the period. Corient Private Wealth LP acquired a new position in shares of American Eagle Outfitters during the second quarter worth about $2,820,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of American Eagle Outfitters in the second quarter worth about $303,000. Finally, Legacy Financial Advisors Inc. purchased a new stake in shares of American Eagle Outfitters during the 2nd quarter valued at about $347,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE:AEO) is a specialty retailer offering casual apparel, accessories and footwear for young women and men. Its product assortment includes jeans, tops, dresses, intimates, loungewear and activewear, with merchandise sold through company-operated stores and digital channels.

The company’s principal brands include American Eagle, which focuses on casual lifestyle clothing and denim, and Aerie, which offers intimates, activewear and loungewear. Its brand portfolio has also included OFFLINE by Aerie, a performance and wellness-oriented line, and Todd Snyder, a menswear brand known for elevated casual clothing and tailoring.

Founded in 1977, American Eagle Outfitters is headquartered in Pittsburgh, Pennsylvania.