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

American Eagle Outfitters, Inc. (NYSE:AEO) has earned a consensus recommendation of “Hold” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $14.70.

Several brokerages have issued reports on AEO. UBS Group cut their target price on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Telsey Advisory Group lifted their price objective on American Eagle Outfitters to $12.00 and gave the stock a “hold” rating in a research note on Friday, May 30th. JPMorgan Chase & Co. decreased their price objective on American Eagle Outfitters from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, May 14th. Cfra Research downgraded American Eagle Outfitters from a “moderate buy” rating to a “hold” rating in a report on Friday, June 6th. Finally, Wall Street Zen downgraded American Eagle Outfitters from a “hold” rating to a “sell” rating in a report on Saturday, June 7th.

Hedge Funds Weigh In On American Eagle Outfitters

Institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC purchased a new stake in shares of American Eagle Outfitters in the 4th quarter worth about $267,000. Rhumbline Advisers increased its stake in American Eagle Outfitters by 0.7% during the 1st quarter. Rhumbline Advisers now owns 528,510 shares of the apparel retailer’s stock valued at $6,141,000 after purchasing an additional 3,631 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in American Eagle Outfitters by 137.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock valued at $55,000 after purchasing an additional 1,944 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of American Eagle Outfitters by 319.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 44,570 shares of the apparel retailer’s stock worth $518,000 after acquiring an additional 33,938 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in shares of American Eagle Outfitters in the first quarter worth approximately $440,000. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Trading Down 0.2%

NYSE:AEO opened at $10.29 on Monday. American Eagle Outfitters has a 1 year low of $9.27 and a 1 year high of $22.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.56 and a current ratio of 1.38. The stock has a fifty day moving average price of $10.62 and a two-hundred day moving average price of $12.68. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 10.50 and a beta of 1.45.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.04). The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. American Eagle Outfitters had a net margin of 3.73% and a return on equity of 13.34%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 EPS. As a group, sell-side analysts anticipate that American Eagle Outfitters will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend is Friday, July 11th. American Eagle Outfitters’s payout ratio is 51.02%.

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.