American Eagle Outfitters’ (AEO) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of American Eagle Outfitters (NYSE:AEO) in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a $23.00 target price on the apparel retailer’s stock.

Several other brokerages have also issued reports on AEO. UBS Group decreased their price target on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Barclays lowered their target price on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. TD Cowen lowered their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Finally, Jefferies Financial Group dropped their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.00.

American Eagle Outfitters Stock Performance

Shares of NYSE AEO opened at $19.25 on Wednesday. The stock has a market capitalization of $3.70 billion, a P/E ratio of 15.27, a PEG ratio of 0.93 and a beta of 1.52. The stock’s fifty day moving average is $19.81 and its 200 day moving average is $20.64. American Eagle Outfitters has a 52 week low of $16.88 and a 52 week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS. Equities research analysts forecast 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 issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.60%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 40.00%.

Insider Buying and Selling

In other news, Director David M. Sable sold 18,420 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $22.04, for a total transaction of $405,976.80. Following the completion of the sale, the director now directly owns 39,356 shares in the company, valued at $867,406.24. This represents a 31.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction 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 90 days. 7.30% of the stock is owned by insiders.

Hedge Funds Weigh In On American Eagle Outfitters

Several institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its holdings in shares of American Eagle Outfitters by 2.8% during the third quarter. Wellington Management Group LLP now owns 9,749,561 shares of the apparel retailer’s stock valued at $218,293,000 after purchasing an additional 268,326 shares during the period. Congress Asset Management Co. bought a new stake in American Eagle Outfitters in the 3rd quarter valued at about $119,691,000. American Century Companies Inc. increased its position in American Eagle Outfitters by 18.1% in the 2nd quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock valued at $89,263,000 after buying an additional 684,420 shares in the last quarter. Victory Capital Management Inc. raised its stake in American Eagle Outfitters by 40.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock worth $97,858,000 after buying an additional 1,262,693 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its holdings in American Eagle Outfitters by 36.4% in the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock worth $64,727,000 after acquiring an additional 865,355 shares in the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

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.