American Eagle Outfitters, Inc. (NYSE:AEO) has earned an average recommendation of “Hold” from the twenty-five ratings firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $14.71.
A number of brokerages recently issued reports on AEO. Zacks Investment Research upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday. Cowen and Company reiterated an “outperform” rating and issued a $16.00 target price (up from $14.00) on shares of American Eagle Outfitters in a report on Monday, October 2nd. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $15.00 target price on shares of American Eagle Outfitters in a report on Monday, October 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $15.00 target price on shares of American Eagle Outfitters in a report on Wednesday, September 13th. Finally, Jefferies Group LLC set a $18.00 target price on American Eagle Outfitters and gave the stock a “buy” rating in a report on Sunday, September 10th.
Shares of American Eagle Outfitters (NYSE:AEO) traded down 3.45% on Wednesday, reaching $13.14. 6,152,064 shares of the company’s stock were exchanged. American Eagle Outfitters has a 52-week low of $10.23 and a 52-week high of $19.00. The stock has a market cap of $2.33 billion, a P/E ratio of 13.49 and a beta of 1.10. The company’s 50 day moving average price is $13.22 and its 200-day moving average price is $12.53.
American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. American Eagle Outfitters had a return on equity of 18.25% and a net margin of 4.85%. The company had revenue of $845.00 million for the quarter, compared to analysts’ expectations of $823.84 million. During the same period last year, the business earned $0.23 EPS. American Eagle Outfitters’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts forecast that American Eagle Outfitters will post $1.13 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, October 5th. American Eagle Outfitters’s dividend payout ratio is presently 51.55%.
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In related news, insider Jennifer M. Foyle sold 13,500 shares of American Eagle Outfitters stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $14.22, for a total value of $191,970.00. Following the completion of the sale, the insider now owns 27,531 shares of the company’s stock, valued at approximately $391,490.82. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 5.80% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in American Eagle Outfitters by 8,781.1% in the 1st quarter. BlackRock Inc. now owns 17,773,025 shares of the apparel retailer’s stock worth $249,355,000 after acquiring an additional 17,572,904 shares during the last quarter. LSV Asset Management increased its holdings in American Eagle Outfitters by 1.1% in the 2nd quarter. LSV Asset Management now owns 7,339,955 shares of the apparel retailer’s stock worth $88,446,000 after acquiring an additional 76,600 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in American Eagle Outfitters by 30.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,220,656 shares of the apparel retailer’s stock worth $87,008,000 after acquiring an additional 1,687,520 shares during the last quarter. State Street Corp increased its holdings in American Eagle Outfitters by 4.5% in the 2nd quarter. State Street Corp now owns 6,011,488 shares of the apparel retailer’s stock worth $72,433,000 after acquiring an additional 258,845 shares during the last quarter. Finally, Hamlin Capital Management LLC increased its holdings in American Eagle Outfitters by 34.0% in the 2nd quarter. Hamlin Capital Management LLC now owns 5,737,478 shares of the apparel retailer’s stock worth $69,137,000 after acquiring an additional 1,456,748 shares during the last quarter. 83.87% of the stock is owned by institutional investors.
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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