American Eagle Outfitters (NYSE:AEO) Price Target Cut to $34.00 by Analysts at UBS Group

American Eagle Outfitters (NYSE:AEO) had its price objective lowered by UBS Group from $35.00 to $34.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has a buy rating on the apparel retailer’s stock.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley lowered their price target on shares of American Eagle Outfitters from $19.00 to $18.00 and set an underweight rating on the stock in a research report on Thursday, May 30th. Telsey Advisory Group reissued a market perform rating and issued a $25.00 price target on shares of American Eagle Outfitters in a research note on Thursday. TD Cowen reduced their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a hold rating on the stock in a research report on Friday. StockNews.com upgraded American Eagle Outfitters from a hold rating to a buy rating in a research report on Monday, May 27th. Finally, Barclays reduced their target price on American Eagle Outfitters from $32.00 to $26.00 and set an overweight rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $25.33.

American Eagle Outfitters Trading Down 1.0 %

Shares of NYSE AEO opened at $20.58 on Friday. The stock has a market cap of $4.04 billion, a PE ratio of 18.54, a P/E/G ratio of 1.01 and a beta of 1.51. American Eagle Outfitters has a 12-month low of $14.39 and a 12-month high of $26.44. The company has a 50-day moving average of $20.83 and a 200 day moving average of $22.40.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 19.39% and a net margin of 4.12%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business earned $0.25 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts forecast that American Eagle Outfitters will post 1.75 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 12th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Friday, July 12th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 45.05%.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $20.93, for a total value of $53,936.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Several large investors have recently bought and sold shares of AEO. Nomura Asset Management Co. Ltd. increased its stake in shares of American Eagle Outfitters by 40.5% during the fourth 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 during the period. Parallel Advisors LLC raised its holdings in shares of American Eagle Outfitters by 299.7% in the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock valued at $26,000 after purchasing an additional 905 shares in the last quarter. Arizona State Retirement System lifted its position in shares of American Eagle Outfitters by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock worth $1,049,000 after purchasing an additional 963 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of American Eagle Outfitters by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock worth $1,856,000 after purchasing an additional 1,000 shares in the last quarter. Finally, CWM LLC increased its holdings in American Eagle Outfitters by 72.3% in the first quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock valued at $63,000 after buying an additional 1,020 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

About American Eagle Outfitters

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.