American Eagle Outfitters, Inc. (NYSE:AEO) Receives $20.44 Consensus Target Price from Brokerages

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been assigned an average rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $19.70.

Several analysts have issued reports on AEO shares. Raymond James started coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They issued a “market perform” rating on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $18.00 target price on shares of American Eagle Outfitters in a research note on Thursday. Bank of America lowered their target price on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Morgan Stanley cut shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $19.00 to $17.00 in a research note on Wednesday, February 5th. Finally, BMO Capital Markets lowered their price objective on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, December 5th.

American Eagle Outfitters Trading Up 1.8 %

AEO opened at $12.33 on Tuesday. The company has a 50 day moving average of $15.46 and a 200 day moving average of $18.11. The company has a market cap of $2.37 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. American Eagle Outfitters has a 12 month low of $11.65 and a 12 month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the company posted $0.49 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Research analysts forecast that American Eagle Outfitters will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Friday, January 10th. American Eagle Outfitters’s payout ratio is presently 42.74%.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Eagle Outfitters

A number of large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in American Eagle Outfitters by 95.7% in the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after acquiring an additional 937 shares during the last quarter. Huntington National Bank grew its holdings in American Eagle Outfitters by 258.8% in the 4th quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 1,475 shares during the last quarter. Principal Securities Inc. grew its holdings in American Eagle Outfitters by 2,239.1% in the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock worth $43,000 after acquiring an additional 2,463 shares during the last quarter. Park Place Capital Corp bought a new stake in American Eagle Outfitters in the 4th quarter worth $45,000. Finally, State of Wyoming bought a new stake in American Eagle Outfitters in the 4th quarter worth $49,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

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.