American Eagle Outfitters, Inc. (NYSE:AEO) Receives Average Rating of “Hold” from Brokerages

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been given an average recommendation of “Hold” by the nine research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $25.00.

Several equities analysts have commented on the stock. Barclays raised their target price on shares of American Eagle Outfitters from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Morgan Stanley lowered their price objective on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Thursday, May 30th. StockNews.com upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Monday, May 27th. Telsey Advisory Group reiterated a “market perform” rating and set a $25.00 price target on shares of American Eagle Outfitters in a research report on Thursday, May 30th. Finally, JPMorgan Chase & Co. upgraded American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a report on Tuesday, April 9th.

American Eagle Outfitters Trading Down 0.4 %

Shares of NYSE AEO opened at $19.29 on Thursday. American Eagle Outfitters has a 12-month low of $11.69 and a 12-month high of $26.44. The company has a market cap of $3.79 billion, a PE ratio of 17.38, a P/E/G ratio of 0.97 and a beta of 1.51. The stock has a 50 day simple moving average of $22.34 and a 200-day simple moving average of $22.36.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. American Eagle Outfitters had a return on equity of 19.39% and a net margin of 4.12%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS. Sell-side analysts forecast that American Eagle Outfitters will post 1.75 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.50 dividend on an annualized basis and a yield of 2.59%. American Eagle Outfitters’s dividend payout ratio is currently 45.05%.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 1,908 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $24.59, for a total value of $46,917.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. UMB Bank n.a. acquired a new stake in American Eagle Outfitters during the 1st quarter worth about $27,000. Parallel Advisors LLC boosted its holdings in shares of American Eagle Outfitters by 299.7% during the fourth quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 905 shares during the period. Hexagon Capital Partners LLC grew its position in American Eagle Outfitters by 6,980.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,416 shares of the apparel retailer’s stock valued at $30,000 after purchasing an additional 1,396 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in American Eagle Outfitters in the 4th quarter valued at approximately $38,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in American Eagle Outfitters by 40.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock worth $44,000 after buying an additional 600 shares in the last quarter. 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.