American Eagle Outfitters, Inc. (NYSE:AEO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $13.92.

A number of research analysts have weighed in on AEO shares. Citigroup reduced their price target on shares of American Eagle Outfitters from $17.00 to $14.00 in a research report on Thursday, May 18th. Bank of America reduced their target price on shares of American Eagle Outfitters from $14.00 to $9.00 in a research report on Thursday, May 25th. Jefferies Financial Group reduced their target price on shares of American Eagle Outfitters from $16.00 to $14.00 in a research report on Tuesday, May 9th. JPMorgan Chase & Co. boosted their target price on shares of American Eagle Outfitters from $14.00 to $15.00 in a research report on Monday, May 8th. Finally, BMO Capital Markets reduced their target price on shares of American Eagle Outfitters from $14.00 to $10.00 in a research report on Thursday, May 25th.

American Eagle Outfitters Trading Up 1.6 %

Shares of AEO stock opened at $16.95 on Friday. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 30.82, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56. The company has a quick ratio of 0.70, a current ratio of 1.58 and a debt-to-equity ratio of 0.02. American Eagle Outfitters has a fifty-two week low of $9.46 and a fifty-two week high of $17.09. The firm’s 50 day moving average price is $13.89 and its two-hundred day moving average price is $13.36.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $0.40 annualized dividend and a yield of 2.36%. American Eagle Outfitters’s payout ratio is 72.73%.

Institutional Trading of American Eagle Outfitters

Several institutional investors have recently added to or reduced their stakes in AEO. Raymond James & Associates increased its stake in American Eagle Outfitters by 14.4% during the first quarter. Raymond James & Associates now owns 97,811 shares of the apparel retailer’s stock valued at $1,643,000 after purchasing an additional 12,318 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of American Eagle Outfitters by 6.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 19,670 shares of the apparel retailer’s stock worth $330,000 after acquiring an additional 1,241 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of American Eagle Outfitters by 70.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,172 shares of the apparel retailer’s stock worth $339,000 after acquiring an additional 8,343 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of American Eagle Outfitters by 11.6% during the first quarter. PNC Financial Services Group Inc. now owns 20,501 shares of the apparel retailer’s stock worth $344,000 after acquiring an additional 2,129 shares during the last quarter. Finally, AlphaCrest Capital Management LLC bought a new position in shares of American Eagle Outfitters during the first quarter worth about $432,000. Institutional investors own 90.10% of the company’s stock.

About American Eagle Outfitters

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