Brokerages Set American Eagle Outfitters, Inc. (NYSE:AEO) Target Price at $25.00

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been assigned an average rating of “Hold” from the nine ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $25.00.

Several brokerages have commented on AEO. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. UBS Group reduced their target price on shares of 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. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price target on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd. Jefferies Financial Group dropped their target price on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Finally, TD Cowen dropped their target price on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a report on Friday, August 30th.

Insider Activity

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total value of $653,700.00. Following the completion of the transaction, the insider now owns 200,427 shares of the company’s stock, valued at $4,367,304.33. The trade was a 13.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cary D. Mcmillan sold 2,283 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The disclosure for this sale can be found here. Insiders have sold a total of 1,050,702 shares of company stock valued at $21,148,718 over the last quarter. Company insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEO. Vanguard Group Inc. grew its position in American Eagle Outfitters by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 20,788,750 shares of the apparel retailer’s stock valued at $536,142,000 after purchasing an additional 310,808 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of American Eagle Outfitters during the first quarter valued at approximately $423,000. CANADA LIFE ASSURANCE Co raised its position in shares of American Eagle Outfitters by 5.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 222,478 shares of the apparel retailer’s stock valued at $5,737,000 after buying an additional 12,230 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of American Eagle Outfitters by 76.0% in the first quarter. Lazard Asset Management LLC now owns 43,377 shares of the apparel retailer’s stock valued at $1,118,000 after purchasing an additional 18,735 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of American Eagle Outfitters by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 112,685 shares of the apparel retailer’s stock valued at $2,907,000 after purchasing an additional 6,940 shares in the last quarter. 97.33% of the stock is currently owned by institutional investors.

American Eagle Outfitters Stock Down 4.3 %

Shares of American Eagle Outfitters stock opened at $17.89 on Friday. The stock has a market capitalization of $3.43 billion, a P/E ratio of 14.31, a PEG ratio of 0.88 and a beta of 1.52. The stock has a 50 day moving average price of $19.90 and a two-hundred day moving average price of $20.71. American Eagle Outfitters has a 12-month low of $16.57 and a 12-month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the business earned $0.25 earnings per share. American Eagle Outfitters’s revenue for the quarter was up 7.5% compared to the same quarter last year. Sell-side analysts anticipate that American Eagle Outfitters will post 1.77 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 40.00%.

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.