American Eagle Outfitters’ (AEO) Hold (C) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c) rating on shares of American Eagle Outfitters (NYSE:AEO) in a report released on Friday morning,Weiss Ratings reports.

Several other equities research analysts have also issued reports on the stock. Telsey Advisory Group raised their price target on shares of American Eagle Outfitters from $12.00 to $18.00 and gave the stock a “market perform” rating in a research note on Thursday, September 4th. BTIG Research began coverage on shares of American Eagle Outfitters in a research note on Thursday, September 18th. They set a “neutral” rating for the company. JPMorgan Chase & Co. restated an “underweight” rating and set a $9.00 price target on shares of American Eagle Outfitters in a research note on Monday, July 28th. Morgan Stanley raised their price objective on shares of American Eagle Outfitters from $10.00 to $17.00 and gave the stock an “equal weight” rating in a report on Thursday, September 18th. Finally, Jefferies Financial Group raised their price objective on shares of American Eagle Outfitters from $11.00 to $17.00 and gave the stock a “hold” rating in a report on Thursday, September 4th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $14.72.

American Eagle Outfitters Trading Up 0.1%

Shares of AEO stock opened at $16.58 on Friday. The company has a 50 day moving average of $16.07 and a 200-day moving average of $12.68. The company has a quick ratio of 0.71, a current ratio of 1.62 and a debt-to-equity ratio of 0.13. American Eagle Outfitters has a 12-month low of $9.27 and a 12-month high of $20.55. The firm has a market cap of $2.81 billion, a P/E ratio of 15.94 and a beta of 1.60.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the business posted $0.39 EPS. American Eagle Outfitters’s quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts anticipate that American Eagle Outfitters will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Friday, October 10th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 48.08%.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 40,000 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.12, for a total value of $724,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Janice E. Page sold 26,869 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.04, for a total transaction of $484,716.76. Following the completion of the transaction, the director directly owned 90,383 shares of the company’s stock, valued at approximately $1,630,509.32. The trade was a 22.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 138,766 shares of company stock worth $2,515,354. 8.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in American Eagle Outfitters by 380.4% in the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer’s stock valued at $27,000 after purchasing an additional 1,841 shares during the period. Raymond James Financial Inc. bought a new position in American Eagle Outfitters in the 2nd quarter valued at $35,000. Federated Hermes Inc. boosted its holdings in American Eagle Outfitters by 151.0% in the 2nd quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock valued at $37,000 after purchasing an additional 2,315 shares during the period. McIlrath & Eck LLC purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter valued at $39,000. Finally, Asset Management One Co. Ltd. raised 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 buying an additional 1,165 shares in the last quarter. 97.33% of the stock is owned by institutional investors.

American Eagle Outfitters Company Profile

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.