American Eagle Outfitters, Inc. (NYSE:AEO) Given Consensus Rating of “Buy” by Analysts

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been given a consensus recommendation of “Buy” by the seventeen ratings firms that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $34.81.

Several equities analysts have weighed in on AEO shares. Cfra downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating and dropped their target price for the company from $37.00 to $28.00 in a research report on Thursday, September 9th. Cowen reissued a “buy” rating and set a $40.00 price objective on shares of American Eagle Outfitters in a research report on Friday, September 3rd. Morgan Stanley reissued a “hold” rating and set a $29.00 price objective on shares of American Eagle Outfitters in a research report on Friday, September 3rd. Telsey Advisory Group lowered their price target on American Eagle Outfitters from $38.00 to $31.00 and set a “market perform” rating for the company in a report on Friday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on American Eagle Outfitters from $43.00 to $45.00 and gave the company a “buy” rating in a report on Friday, September 3rd.

AEO stock traded down $0.60 during midday trading on Friday, reaching $28.19. The stock had a trading volume of 8,722,817 shares, compared to its average volume of 4,554,846. The company’s fifty day simple moving average is $25.98 and its 200 day simple moving average is $30.96. The company has a current ratio of 2.08, a quick ratio of 1.43 and a debt-to-equity ratio of 0.26. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 20.43 and a beta of 1.39. American Eagle Outfitters has a 52-week low of $17.52 and a 52-week high of $38.99.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Tuesday, November 23rd. The apparel retailer reported $0.76 EPS for the quarter, topping the consensus estimate of $0.61 by $0.15. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.23 billion. American Eagle Outfitters had a return on equity of 31.70% and a net margin of 6.12%. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 EPS. Sell-side analysts predict that American Eagle Outfitters will post 2.2 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 29th. Stockholders of record on Friday, December 10th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, December 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.55%. American Eagle Outfitters’s dividend payout ratio is 52.17%.

A number of hedge funds and other institutional investors have recently modified their holdings of AEO. Renaissance Technologies LLC acquired a new stake in shares of American Eagle Outfitters in the second quarter worth about $9,783,000. Principal Financial Group Inc. grew its position in American Eagle Outfitters by 68.8% during the 2nd quarter. Principal Financial Group Inc. now owns 903,244 shares of the apparel retailer’s stock worth $33,898,000 after acquiring an additional 368,232 shares during the last quarter. Twin Tree Management LP bought a new stake in American Eagle Outfitters during the 2nd quarter worth approximately $1,133,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in American Eagle Outfitters during the 2nd quarter worth approximately $287,000. Finally, Advisory Services Network LLC bought a new stake in American Eagle Outfitters during the 2nd quarter worth approximately $53,000.

About American Eagle Outfitters

American Eagle Outfitters, Inc is a multi-brand specialty retailer, which offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

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Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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