American Eagle Outfitters (NYSE:AEO) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of American Eagle Outfitters (NYSE:AEO) from a hold rating to a buy rating in a research report report published on Monday.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group decreased 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 research report on Tuesday, November 12th. JPMorgan Chase & Co. restated a “neutral” rating and set a $23.00 price objective (down from $27.00) on shares of American Eagle Outfitters in a research report on Wednesday, December 4th. UBS Group dropped their target price on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Bank of America decreased their price target on American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Finally, Barclays dropped their price objective on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, American Eagle Outfitters has an average rating of “Hold” and a consensus price target of $22.40.

American Eagle Outfitters Stock Up 0.1 %

Shares of NYSE:AEO opened at $17.20 on Monday. The stock has a market capitalization of $3.30 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 1.12 and a beta of 1.53. The firm’s 50 day moving average price is $17.94 and its 200-day moving average price is $19.69. American Eagle Outfitters has a twelve month low of $16.06 and a twelve month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 earnings per share. Analysts expect that American Eagle Outfitters will post 1.69 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Friday, January 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 42.74%.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total value of $49,061.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 7.30% of the company’s stock.

Institutional Trading of American Eagle Outfitters

A number of institutional investors have recently bought and sold shares of the business. Kathleen S. Wright Associates Inc. purchased a new position in shares of American Eagle Outfitters during the third quarter worth about $32,000. Advisors Asset Management Inc. boosted its position in shares of American Eagle Outfitters by 171.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after purchasing an additional 1,608 shares during the period. Meeder Asset Management Inc. purchased a new position in American Eagle Outfitters during the 3rd quarter worth approximately $141,000. Wilmington Savings Fund Society FSB acquired a new position in American Eagle Outfitters during the third quarter worth approximately $141,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in American Eagle Outfitters by 408.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 9,272 shares of the apparel retailer’s stock valued at $183,000 after buying an additional 7,449 shares during the last quarter. 97.33% of the stock is owned by hedge funds and other 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.