American Eagle Outfitters, Inc. (NYSE:AEO) Given Average Recommendation of “Hold” by Analysts

Shares of American Eagle Outfitters, Inc. (NYSE:AEOGet Free Report) have been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $25.00.

Several analysts have recently commented on the company. UBS Group raised their target price on American Eagle Outfitters from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Telsey Advisory Group restated a “market perform” rating and issued a $25.00 target price on shares of American Eagle Outfitters in a research note on Thursday, May 30th. Morgan Stanley reduced their target price on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Thursday, May 30th. Bank of America raised their target price on American Eagle Outfitters from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. upgraded American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Tuesday, April 9th.

Check Out Our Latest Stock Analysis on American Eagle Outfitters

American Eagle Outfitters Trading Down 0.7 %

AEO stock opened at $21.54 on Friday. The stock has a 50-day moving average price of $23.60 and a 200-day moving average price of $22.16. American Eagle Outfitters has a 1-year low of $11.37 and a 1-year high of $26.44. The firm has a market cap of $4.23 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 1.05 and a beta of 1.49.

American Eagle Outfitters (NYSE:AEOGet Free Report) last posted its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.06. American Eagle Outfitters had a return on equity of 19.39% and a net margin of 4.12%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company posted $0.17 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. On average, analysts forecast that American Eagle Outfitters will post 1.74 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.50 dividend on an annualized basis and a yield of 2.32%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 45.05%.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 1,908 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $24.59, for a total transaction of $46,917.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 16,971 shares of American Eagle Outfitters stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $25.53, for a total transaction of $433,269.63. Following the transaction, the insider now owns 226,497 shares of the company’s stock, valued at approximately $5,782,468.41. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Cary D. Mcmillan sold 1,908 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $24.59, for a total transaction of $46,917.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,319 shares of company stock worth $1,312,938. Insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

Several hedge funds have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its holdings in shares of American Eagle Outfitters by 40.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 600 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of American Eagle Outfitters by 3.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 20,456 shares of the apparel retailer’s stock worth $340,000 after purchasing an additional 638 shares during the period. Evergreen Capital Management LLC raised its holdings in shares of American Eagle Outfitters by 6.1% in the 3rd quarter. Evergreen Capital Management LLC now owns 14,632 shares of the apparel retailer’s stock worth $243,000 after purchasing an additional 837 shares during the period. Parallel Advisors LLC raised its holdings in shares of American Eagle Outfitters by 299.7% in the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 905 shares during the period. Finally, BRYN MAWR TRUST Co raised its holdings in shares of American Eagle Outfitters by 0.9% in the 3rd quarter. BRYN MAWR TRUST Co now owns 98,619 shares of the apparel retailer’s stock worth $1,638,000 after purchasing an additional 920 shares during the period. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

(Get Free Report

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.

Further Reading

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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