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

American Eagle Outfitters, Inc. (NYSE:AEOGet Free Report) has earned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $25.00.

AEO has been the subject of a number of analyst reports. Morgan Stanley dropped their price target on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Thursday. Bank of America raised their target price on American Eagle Outfitters from $21.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Telsey Advisory Group reissued a “market perform” rating and set a $25.00 price target on shares of American Eagle Outfitters in a research report on Thursday. UBS Group upped their price objective on shares of American Eagle Outfitters from $27.00 to $29.00 and gave the company a “buy” rating in a report on Monday, February 26th. Finally, Barclays lifted their target price on shares of American Eagle Outfitters from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th.

Get Our Latest Analysis on American Eagle Outfitters

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $21.97 on Friday. American Eagle Outfitters has a fifty-two week low of $10.05 and a fifty-two week high of $26.44. The stock’s fifty day moving average is $23.86 and its two-hundred day moving average is $22.11. The firm has a market capitalization of $4.32 billion, a P/E ratio of 19.79, a PEG ratio of 1.02 and a beta of 1.60.

American Eagle Outfitters (NYSE:AEOGet Free Report) last posted its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.06. American Eagle Outfitters had a net margin of 4.12% and a return on equity of 19.39%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the firm posted $0.17 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities analysts forecast that American Eagle Outfitters will post 1.74 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Thursday, April 11th. American Eagle Outfitters’s dividend payout ratio is presently 45.05%.

Insider Transactions at American Eagle Outfitters

In related news, CAO James H. Keefer, Jr. sold 7,000 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $25.82, for a total value of $180,740.00. Following the completion of the sale, the chief accounting officer now owns 17,266 shares in the company, valued at approximately $445,808.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Jennifer M. Foyle sold 26,440 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $24.66, for a total transaction of $652,010.40. Following the sale, the insider now owns 226,497 shares of the company’s stock, valued at $5,585,416.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO James H. Keefer, Jr. sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $25.82, for a total transaction of $180,740.00. Following the completion of the transaction, the chief accounting officer now directly owns 17,266 shares of the company’s stock, valued at approximately $445,808.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,319 shares of company stock worth $1,312,938. 7.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its position 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 acquiring an additional 905 shares during the period. UMB Bank n.a. acquired a new position in American Eagle Outfitters during the 1st quarter worth $27,000. Hexagon Capital Partners LLC increased its holdings in American Eagle Outfitters by 6,980.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,416 shares of the apparel retailer’s stock worth $30,000 after purchasing an additional 1,396 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in American Eagle Outfitters in the 3rd quarter valued at about $38,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in American Eagle Outfitters in the 4th quarter valued at about $38,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

About American Eagle Outfitters

(Get Free Report

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.

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Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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