American Eagle Outfitters (NYSE:AEO) Price Target Lowered to $10.00 at Morgan Stanley

American Eagle Outfitters (NYSE:AEO) had its price target reduced by Morgan Stanley from $11.00 to $10.00 in a research note published on Monday,Benzinga reports. They currently have an equal weight rating on the apparel retailer’s stock.

Other analysts also recently issued reports about the stock. Citigroup reissued a “neutral” rating on shares of American Eagle Outfitters in a research note on Friday, May 23rd. BMO Capital Markets lowered their price target on shares of American Eagle Outfitters from $15.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, May 14th. UBS Group lowered their price target on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Barclays lowered their price target on shares of American Eagle Outfitters from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Monday, May 12th. Finally, JPMorgan Chase & Co. lowered their price target on shares of American Eagle Outfitters from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.70.

American Eagle Outfitters Stock Performance

NYSE AEO opened at $10.44 on Monday. American Eagle Outfitters has a 52-week low of $9.45 and a 52-week high of $22.85. The company has a market capitalization of $1.81 billion, a P/E ratio of 8.92, a P/E/G ratio of 0.82 and a beta of 1.56. The company has a fifty day moving average of $11.10 and a 200-day moving average of $14.02.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.04). American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the firm posted $0.34 earnings per share. The business’s revenue was down 4.7% on a year-over-year basis. As a group, analysts forecast that American Eagle Outfitters will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date was Friday, April 11th. American Eagle Outfitters’s payout ratio is 29.76%.

Hedge Funds Weigh In On American Eagle Outfitters

A number of hedge funds have recently modified their holdings of AEO. GAMMA Investing LLC increased its position in shares of American Eagle Outfitters by 380.4% in the first quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer’s stock valued at $27,000 after acquiring an additional 1,841 shares during the period. Blue Trust Inc. increased its position in shares of American Eagle Outfitters by 95.7% in the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after acquiring an additional 937 shares during the period. Huntington National Bank increased its position in shares of American Eagle Outfitters by 258.8% in the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock valued at $34,000 after acquiring an additional 1,475 shares during the period. Principal Securities Inc. increased its position in shares of American Eagle Outfitters by 2,239.1% in the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock valued at $43,000 after acquiring an additional 2,463 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in shares of American Eagle Outfitters by 38.7% in the first quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer’s stock valued at $48,000 after acquiring an additional 1,165 shares during the period. 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.