American Eagle Outfitters (NYSE:AEO) declared a quarterly dividend on Tuesday, December 5th, RTT News reports. Shareholders of record on Friday, December 15th will be given a dividend of 0.125 per share by the apparel retailer on Friday, December 29th. This represents a $0.50 annualized dividend and a yield of 3.10%.
American Eagle Outfitters has raised its dividend by an average of 10.1% per year over the last three years. American Eagle Outfitters has a payout ratio of 44.2% meaning its dividend is sufficiently covered by earnings. Analysts expect American Eagle Outfitters to earn $1.16 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 43.1%.
American Eagle Outfitters (NYSE AEO) traded down $0.19 during trading hours on Tuesday, reaching $16.11. The company’s stock had a trading volume of 7,307,699 shares, compared to its average volume of 4,497,693. The stock has a market capitalization of $2,870.00, a PE ratio of 13.62, a price-to-earnings-growth ratio of 1.58 and a beta of 1.19. American Eagle Outfitters has a 1 year low of $10.23 and a 1 year high of $18.49.
AEO has been the subject of several research analyst reports. Zacks Investment Research upgraded American Eagle Outfitters from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. ValuEngine cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BMO Capital Markets set a $15.00 price objective on American Eagle Outfitters and gave the stock a “buy” rating in a research report on Tuesday, August 8th. BidaskClub cut American Eagle Outfitters from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Finally, Royal Bank Of Canada set a $14.00 price objective on American Eagle Outfitters and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $14.31.
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About American Eagle Outfitters
American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
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