American Eagle Outfitters (NYSE:AEO) Given a $23.00 Price Target by B. Riley Analysts

B. Riley set a $23.00 price target on American Eagle Outfitters (NYSE:AEO) in a report issued on Tuesday, TipRanks reports. The firm currently has a buy rating on the apparel retailer’s stock. B. Riley also issued estimates for American Eagle Outfitters’ Q3 2020 earnings at $0.63 EPS, FY2020 earnings at $1.61 EPS and FY2021 earnings at $1.80 EPS.

Other analysts have also recently issued reports about the stock. Deutsche Bank set a $23.00 price target on shares of American Eagle Outfitters and gave the company a buy rating in a research note on Friday, August 16th. Wedbush lowered their target price on shares of American Eagle Outfitters from $25.00 to $20.00 and set a neutral rating on the stock in a research note on Thursday, June 6th. Zacks Investment Research upgraded shares of American Eagle Outfitters from a sell rating to a hold rating and set a $22.00 target price on the stock in a research note on Monday, May 27th. UBS Group set a $26.00 target price on shares of American Eagle Outfitters and gave the stock a buy rating in a research note on Friday, June 21st. Finally, Royal Bank of Canada cut shares of American Eagle Outfitters from an outperform rating to a sector perform rating and set a $24.00 target price on the stock. in a research note on Thursday, May 9th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $23.67.

Shares of AEO stock opened at $16.60 on Tuesday. The stock has a market capitalization of $2.73 billion, a P/E ratio of 11.22, a PEG ratio of 1.51 and a beta of 0.96. The company has a current ratio of 1.46, a quick ratio of 0.76 and a debt-to-equity ratio of 1.07. The firm’s 50 day moving average is $16.80 and its 200 day moving average is $19.45. American Eagle Outfitters has a 12 month low of $14.52 and a 12 month high of $29.00.



American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, June 5th. The apparel retailer reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.03. The company had revenue of $886.29 million for the quarter, compared to analysts’ expectations of $855.55 million. American Eagle Outfitters had a net margin of 6.41% and a return on equity of 20.80%. American Eagle Outfitters’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 EPS. On average, equities analysts predict that American Eagle Outfitters will post 1.57 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were issued a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, July 11th. American Eagle Outfitters’s payout ratio is 37.16%.

Hedge funds have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc grew its holdings in American Eagle Outfitters by 40.6% in the 2nd quarter. NEXT Financial Group Inc now owns 2,426 shares of the apparel retailer’s stock worth $41,000 after acquiring an additional 700 shares during the last quarter. Gryphon Financial Partners LLC grew its holdings in American Eagle Outfitters by 5.7% in the 2nd quarter. Gryphon Financial Partners LLC now owns 13,825 shares of the apparel retailer’s stock worth $234,000 after acquiring an additional 742 shares during the last quarter. Mason Street Advisors LLC grew its holdings in American Eagle Outfitters by 1.0% in the 1st quarter. Mason Street Advisors LLC now owns 89,130 shares of the apparel retailer’s stock worth $1,976,000 after acquiring an additional 871 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in American Eagle Outfitters by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 68,187 shares of the apparel retailer’s stock worth $1,152,000 after acquiring an additional 958 shares during the last quarter. Finally, Private Ocean LLC bought a new stake in American Eagle Outfitters in the 1st quarter worth $27,000. 93.43% of the stock is currently owned by institutional investors.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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