American Eagle Outfitters, Inc. (NYSE:AEO) Receives $25.75 Consensus PT from Brokerages

American Eagle Outfitters, Inc. (NYSE:AEO) has been given a consensus rating of “Hold” by the eight research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $25.75.

A number of equities analysts recently commented on the stock. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Barclays decreased their price objective on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. UBS Group lowered their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. TD Cowen reduced their price target on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd.

American Eagle Outfitters Stock Performance

NYSE AEO opened at $19.46 on Wednesday. American Eagle Outfitters has a 52-week low of $15.92 and a 52-week high of $26.44. The company has a fifty day moving average of $20.50 and a 200-day moving average of $21.34. The company has a market capitalization of $3.74 billion, a P/E ratio of 15.57, a P/E/G ratio of 0.99 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. As a group, analysts forecast that American Eagle Outfitters will post 1.78 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio is presently 40.00%.

Insider Buying and Selling

In related news, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the sale, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the sale, the chief executive officer now directly owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total value of $49,061.67. The disclosure for this sale can be found here. Insiders sold a total of 1,050,702 shares of company stock worth $21,148,718 in the last three months. 7.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Eagle Outfitters

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kathleen S. Wright Associates Inc. bought a new position in American Eagle Outfitters during the 3rd quarter valued at about $32,000. Hexagon Capital Partners LLC boosted its holdings in American Eagle Outfitters by 81.1% in the first quarter. Hexagon Capital Partners LLC now owns 2,564 shares of the apparel retailer’s stock worth $66,000 after purchasing an additional 1,148 shares during the last quarter. Innealta Capital LLC purchased a new stake in American Eagle Outfitters in the second quarter worth approximately $78,000. nVerses Capital LLC bought a new stake in American Eagle Outfitters in the 2nd quarter worth approximately $108,000. Finally, Picton Mahoney Asset Management purchased a new stake in American Eagle Outfitters during the 2nd quarter valued at $140,000. 97.33% of the stock is owned by institutional investors.

American Eagle Outfitters Company Profile

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.