B. Riley Comments on American Eagle Outfitters, Inc.’s Q4 2023 Earnings (NYSE:AEO)

American Eagle Outfitters, Inc. (NYSE:AEO – Get Rating) – Investment analysts at B. Riley dropped their Q4 2023 earnings estimates for shares of American Eagle Outfitters in a report released on Tuesday, May 17th. B. Riley analyst S. Anderson now expects that the apparel retailer will earn $0.65 per share for the quarter, down from their prior forecast of $0.67. B. Riley has a “NA” rating and a $32.00 price objective on the stock. B. Riley also issued estimates for American Eagle Outfitters’ FY2024 earnings at $2.54 EPS.

American Eagle Outfitters (NYSE:AEO – Get Rating) last issued its earnings results on Wednesday, March 2nd. The apparel retailer reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. American Eagle Outfitters had a net margin of 8.37% and a return on equity of 34.33%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share.

AEO has been the topic of several other reports. UBS Group decreased their target price on shares of American Eagle Outfitters to $34.00 and set a “na” rating on the stock in a report on Wednesday. Bank of America cut their target price on shares of American Eagle Outfitters from $28.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, March 3rd. JPMorgan Chase & Co. dropped their target price on shares of American Eagle Outfitters from $29.00 to $20.00 in a research report on Monday. Morgan Stanley reduced their target price on shares of American Eagle Outfitters from $29.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, March 7th. Finally, StockNews.com initiated coverage on shares of American Eagle Outfitters in a research report on Thursday, March 31st. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.31.

Shares of AEO stock opened at $13.43 on Friday. American Eagle Outfitters has a one year low of $13.05 and a one year high of $38.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.00. The company has a fifty day moving average price of $16.43 and a two-hundred day moving average price of $21.32. The stock has a market cap of $2.27 billion, a P/E ratio of 6.62, a P/E/G ratio of 0.63 and a beta of 1.32.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Friday, March 11th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 5.36%. The ex-dividend date was Thursday, March 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 35.47%.

In other news, Director Steven A. Davis purchased 5,500 shares of the company’s stock in a transaction dated Tuesday, March 8th. The shares were acquired at an average price of $18.12 per share, with a total value of $99,660.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Andrew J. Mclean sold 24,958 shares of the company’s stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $18.00, for a total value of $449,244.00. Following the sale, the executive vice president now owns 53,343 shares of the company’s stock, valued at $960,174. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its stake in American Eagle Outfitters by 1.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the apparel retailer’s stock valued at $998,000 after buying an additional 500 shares during the last quarter. Robotti Robert grew its holdings in American Eagle Outfitters by 0.5% during the fourth quarter. Robotti Robert now owns 106,686 shares of the apparel retailer’s stock worth $2,701,000 after acquiring an additional 513 shares during the period. Thrivent Financial for Lutherans grew its holdings in American Eagle Outfitters by 1.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 40,454 shares of the apparel retailer’s stock worth $1,024,000 after acquiring an additional 560 shares during the period. Rockefeller Capital Management L.P. grew its holdings in American Eagle Outfitters by 73.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,462 shares of the apparel retailer’s stock worth $37,000 after acquiring an additional 620 shares during the period. Finally, Profund Advisors LLC grew its holdings in American Eagle Outfitters by 5.3% in the fourth quarter. Profund Advisors LLC now owns 13,887 shares of the apparel retailer’s stock valued at $352,000 after purchasing an additional 693 shares during the period.

American Eagle Outfitters Company Profile (Get Rating)

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 provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, activewear, and swim collections, as well as personal care products for women.

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