American Eagle Outfitters (NYSE:AEO) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of American Eagle Outfitters (NYSE:AEO) in a report published on Wednesday,Benzinga reports. They currently have a $12.00 target price on the apparel retailer’s stock.

AEO has been the subject of several other reports. Zacks Research raised shares of American Eagle Outfitters to a “hold” rating in a report on Monday, August 11th. Morgan Stanley set a $10.00 price target on shares of American Eagle Outfitters and gave the stock an “equal weight” rating in a research report on Monday, June 2nd. Bank of America restated an “underperform” rating and set a $10.00 price target (down from $11.00) on shares of American Eagle Outfitters in a research report on Monday. Barclays dropped their target price on shares of American Eagle Outfitters from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Monday, May 12th. Finally, BMO Capital Markets dropped their target price on shares of American Eagle Outfitters from $15.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday, May 14th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $14.40.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $13.22 on Wednesday. The firm’s fifty day moving average price is $11.15 and its 200 day moving average price is $11.44. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 13.49 and a beta of 1.51. American Eagle Outfitters has a 12-month low of $9.27 and a 12-month high of $22.63. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.38 and a quick ratio of 0.56.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.04). The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. American Eagle Outfitters had a return on equity of 13.34% and a net margin of 3.73%.American Eagle Outfitters’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 EPS. On average, research analysts forecast that American Eagle Outfitters will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, July 11th. American Eagle Outfitters’s dividend payout ratio is currently 51.02%.

Hedge Funds Weigh In On American Eagle Outfitters

Several large investors have recently bought and sold shares of AEO. Junto Capital Management LP acquired a new position in American Eagle Outfitters during the 1st quarter valued at $38,588,000. Millennium Management LLC grew its holdings in shares of American Eagle Outfitters by 1,510.1% in the 4th quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer’s stock worth $41,826,000 after purchasing an additional 2,353,225 shares during the last quarter. Cooke & Bieler LP grew its holdings in American Eagle Outfitters by 29.9% during the 1st quarter. Cooke & Bieler LP now owns 7,791,193 shares of the apparel retailer’s stock worth $90,534,000 after acquiring an additional 1,794,203 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in American Eagle Outfitters during the 1st quarter worth about $18,927,000. Finally, Nuveen LLC bought a new stake in American Eagle Outfitters during the 1st quarter worth about $18,140,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

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.