American Eagle Outfitters (AEO) Declares $0.10 Dividend
American Eagle Outfitters said on February 28, 2023 that its board of directors declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Previously, the company paid $0.18 per share.
Shares must be purchased before the ex-div date of April 5, 2023 to qualify for the dividend. Shareholders of record as of April 6, 2023 will receive the payment on April 21, 2023.
At the current share price of $14.30 / share, the stock's dividend yield is 2.80%. Looking back five years and taking a sample every week, the average dividend yield has been 3.57%, the lowest has been 1.48%, and the highest has been 7.38%. The standard deviation of yields is 1.51 (n=204).
The current dividend yield is 0.51 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.60. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is -0.27%.
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Analyst Price Forecast Suggests 18.02% Upside
As of March 3, 2023, the average one-year price target for American Eagle Outfitters is $16.88. The forecasts range from a low of $12.12 to a high of $23.10. The average price target represents an increase of 18.02% from its latest reported closing price of $14.30.
The projected annual revenue for American Eagle Outfitters is $4,994MM, an increase of 0.08%. The projected annual non-GAAP EPS is $0.87.
What is the Fund Sentiment?
There are 666 funds or institutions reporting positions in American Eagle Outfitters. This is a decrease of 64 owner(s) or 8.77% in the last quarter. Average portfolio weight of all funds dedicated to AEO is 0.16%, an increase of 11.03%. Total shares owned by institutions decreased in the last three months by 1.92% to 197,640K shares. The put/call ratio of AEO is 1.38, indicating a bearish outlook.
What are large shareholders doing?
IJR - iShares Core S&P Small-Cap ETF holds 12,909K shares representing 6.89% ownership of the company. In it's prior filing, the firm reported owning 11,490K shares, representing an increase of 10.99%. The firm increased its portfolio allocation in AEO by 46.65% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 11,738K shares representing 6.26% ownership of the company. In it's prior filing, the firm reported owning 9,635K shares, representing an increase of 17.92%. The firm increased its portfolio allocation in AEO by 29.75% over the last quarter.
Cooke & Bieler holds 8,305K shares representing 4.43% ownership of the company. In it's prior filing, the firm reported owning 8,399K shares, representing a decrease of 1.13%. The firm increased its portfolio allocation in AEO by 29.35% over the last quarter.
FDVLX - Fidelity Value Fund holds 5,152K shares representing 2.75% ownership of the company. In it's prior filing, the firm reported owning 3,446K shares, representing an increase of 33.11%. The firm increased its portfolio allocation in AEO by 52.11% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,145K shares representing 2.75% ownership of the company. In it's prior filing, the firm reported owning 4,596K shares, representing an increase of 10.67%. The firm increased its portfolio allocation in AEO by 48.32% over the last quarter.
American Eagle Outfitters Background Information
(This description is provided by the company.)
American Eagle Outfitters, Inc. is a leading global specialty retailer offering high-quality, on-trend clothing, accessories and personal care products at affordable prices under its American Eagle® and Aerie® brands. The company's purpose is to show the world that there's REAL power in the optimism of youth. The company operates stores in the United States, Canada, Mexico, and Hong Kong, and ships to 81 countries worldwide through its websites. American Eagle and Aerie merchandise also is available at more than 200 international locations operated by licensees in 25 countries.
This story originally appeared on Fintel.