American Eagle Outfitters, Inc. (NYSE:AEO) Receives $14.80 Average Price Target from Analysts

American Eagle Outfitters, Inc. (NYSE:AEO) has been given an average rating of “Hold” by the eleven research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.80.

A number of equities analysts recently commented on AEO shares. JPMorgan Chase & Co. dropped their price objective on American Eagle Outfitters from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, May 14th. Bank of America decreased their target price on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Citigroup set a $13.00 price objective on shares of American Eagle Outfitters and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Telsey Advisory Group reduced their price objective on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating for the company in a research note on Thursday, March 13th. Finally, UBS Group cut their target price on American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, March 13th.

Institutional Investors Weigh In On American Eagle Outfitters

Hedge funds and other institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC boosted its stake in American Eagle Outfitters by 95.9% during the 1st quarter. Intech Investment Management LLC now owns 421,877 shares of the apparel retailer’s stock valued at $4,902,000 after purchasing an additional 206,541 shares during the period. Empowered Funds LLC lifted its holdings in shares of American Eagle Outfitters by 9.6% during the first quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock worth $185,000 after buying an additional 1,398 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of American Eagle Outfitters during the first quarter worth approximately $857,000. Jones Financial Companies Lllp lifted its holdings in shares of American Eagle Outfitters by 1,238.2% during the first quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock worth $611,000 after buying an additional 48,624 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. bought a new position in American Eagle Outfitters during the first quarter worth $531,000. 97.33% of the stock is owned by institutional investors and hedge funds.

American Eagle Outfitters Trading Down 3.6%

AEO opened at $11.45 on Friday. American Eagle Outfitters has a 1 year low of $9.45 and a 1 year high of $24.26. The stock has a fifty day moving average price of $11.31 and a 200 day moving average price of $14.54. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.82 and a beta of 1.56.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.37%. The ex-dividend date was Friday, April 11th. American Eagle Outfitters’s dividend payout ratio is currently 29.76%.

About American Eagle Outfitters

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.