American Eagle Outfitters, Inc. (NYSE:AEO) Receives $14.72 Consensus Price Target from Brokerages

American Eagle Outfitters, Inc. (NYSE:AEO) has been assigned a consensus recommendation of “Reduce” from the thirteen research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $14.7222.

A number of research analysts recently commented on AEO shares. Telsey Advisory Group increased their target price on shares of American Eagle Outfitters from $12.00 to $18.00 and gave the company a “market perform” rating in a research report on Thursday, September 4th. Morgan Stanley increased their target price on shares of American Eagle Outfitters from $10.00 to $17.00 and gave the company an “equal weight” rating in a research report on Thursday, September 18th. UBS Group increased their target price on shares of American Eagle Outfitters from $19.00 to $21.50 and gave the company a “buy” rating in a research report on Thursday, September 4th. Jefferies Financial Group increased their target price on shares of American Eagle Outfitters from $11.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, September 4th. Finally, BTIG Research started coverage on shares of American Eagle Outfitters in a research report on Thursday, September 18th. They issued a “neutral” rating on the stock.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 9,002 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.11, for a total transaction of $163,026.22. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jennifer M. Foyle sold 54,950 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.14, for a total transaction of $996,793.00. Following the transaction, the insider directly owned 221,107 shares in the company, valued at $4,010,880.98. The trade was a 19.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,821 shares of company stock worth $2,465,436 in the last three months. Company insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AEO. NFJ Investment Group LLC increased its holdings in shares of American Eagle Outfitters by 0.7% in the 1st quarter. NFJ Investment Group LLC now owns 119,074 shares of the apparel retailer’s stock worth $1,384,000 after acquiring an additional 845 shares during the period. Tidal Investments LLC boosted its position in shares of American Eagle Outfitters by 2.0% during the 2nd quarter. Tidal Investments LLC now owns 53,923 shares of the apparel retailer’s stock valued at $519,000 after purchasing an additional 1,046 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of American Eagle Outfitters by 38.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer’s stock valued at $48,000 after purchasing an additional 1,165 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of American Eagle Outfitters by 1.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,127 shares of the apparel retailer’s stock valued at $1,686,000 after purchasing an additional 1,282 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of American Eagle Outfitters by 9.6% in the first quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock worth $185,000 after buying an additional 1,398 shares during the period. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Price Performance

Shares of AEO opened at $17.99 on Friday. American Eagle Outfitters has a twelve month low of $9.27 and a twelve month high of $22.63. The firm’s fifty day simple moving average is $13.84 and its 200-day simple moving average is $11.89. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 17.30 and a beta of 1.44. The company has a current ratio of 1.62, a quick ratio of 0.71 and a debt-to-equity ratio of 0.13.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.25. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business earned $0.39 EPS. The company’s revenue was down .6% on a year-over-year basis. Equities analysts forecast that American Eagle Outfitters will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Friday, October 10th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is 48.08%.

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.