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

American Eagle Outfitters, Inc. (NYSE:AEO) declared a quarterly dividend on Tuesday, June 9th. Investors of record on Friday, July 10th will be paid a dividend of 0.125 per share by the apparel retailer on Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, July 10th.

American Eagle Outfitters has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. American Eagle Outfitters has a dividend 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 Price Performance

Shares of AEO opened at $17.58 on Wednesday. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 3.78 and a beta of 1.33. American Eagle Outfitters has a 1-year low of $9.27 and a 1-year high of $28.46. The company’s fifty day simple moving average is $17.14 and its 200 day simple moving average is $21.06. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the company earned ($0.29) earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, research analysts forecast that American Eagle Outfitters will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Noel Joseph Spiegel sold 2,887 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.32, for a total value of $50,002.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Cary D. Mcmillan sold 2,887 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.23, for a total transaction of $49,743.01. The disclosure for this sale is available in the SEC filing. Corporate insiders own 8.95% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

Several institutional investors and hedge funds have recently modified their holdings of the business. Segall Bryant & Hamill LLC lifted its position in American Eagle Outfitters by 51.9% during the first quarter. Segall Bryant & Hamill LLC now owns 68,669 shares of the apparel retailer’s stock worth $1,147,000 after purchasing an additional 23,472 shares during the period. EverSource Wealth Advisors LLC lifted its position in American Eagle Outfitters by 31.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,870 shares of the apparel retailer’s stock worth $48,000 after purchasing an additional 694 shares during the period. California State Teachers Retirement System lifted its position in American Eagle Outfitters by 21.7% during the first quarter. California State Teachers Retirement System now owns 186,745 shares of the apparel retailer’s stock worth $3,119,000 after purchasing an additional 33,240 shares during the period. Empowered Funds LLC bought a new stake in American Eagle Outfitters during the first quarter worth about $298,000. Finally, Quantinno Capital Management LP lifted its position in American Eagle Outfitters by 12.3% during the first quarter. Quantinno Capital Management LP now owns 28,875 shares of the apparel retailer’s stock worth $482,000 after purchasing an additional 3,173 shares during the period. 97.33% of the stock is currently owned by institutional investors and hedge funds.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.