Jefferies Financial Group Issues Pessimistic Forecast for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO) had its price objective cut by Jefferies Financial Group from $22.00 to $19.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a hold rating on the apparel retailer’s stock.

AEO has been the topic of a number of other research reports. UBS Group cut their price target on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Barclays reduced their target price on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price target on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd. TD Cowen decreased their price objective on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Finally, StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.00.

American Eagle Outfitters Stock Performance

NYSE AEO opened at $17.94 on Tuesday. American Eagle Outfitters has a 1 year low of $15.92 and a 1 year high of $26.44. The business’s fifty day moving average is $20.15 and its two-hundred day moving average is $21.12. The stock has a market capitalization of $3.45 billion, a P/E ratio of 14.35, a P/E/G ratio of 0.93 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the firm earned $0.25 earnings per share. American Eagle Outfitters’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, research analysts forecast that American Eagle Outfitters will post 1.78 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, October 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.79%. American Eagle Outfitters’s dividend payout ratio (DPR) is 40.00%.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the transaction, the chief executive officer now directly owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Cary D. Mcmillan sold 2,283 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the transaction, the chief executive officer now owns 1,771,851 shares in the company, valued at $35,507,894.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,050,702 shares of company stock valued at $21,148,718. Insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC grew its holdings in American Eagle Outfitters by 397.3% in the 1st quarter. SG Americas Securities LLC now owns 33,948 shares of the apparel retailer’s stock valued at $876,000 after buying an additional 27,121 shares during the last quarter. Qsemble Capital Management LP acquired a new position in American Eagle Outfitters during the 1st quarter valued at $374,000. Russell Investments Group Ltd. boosted its holdings in American Eagle Outfitters by 5.6% in the 1st quarter. Russell Investments Group Ltd. now owns 1,124,168 shares of the apparel retailer’s stock valued at $28,991,000 after purchasing an additional 59,454 shares during the period. ProShare Advisors LLC grew its position in American Eagle Outfitters by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 36,914 shares of the apparel retailer’s stock worth $952,000 after purchasing an additional 2,533 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of American Eagle Outfitters during the 1st quarter worth about $61,315,000. 97.33% of the stock is owned by institutional investors and hedge funds.

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.