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

Telsey Advisory Group reiterated their market perform rating on shares of American Eagle Outfitters (NYSE:AEO) in a research report released on Thursday morning,Benzinga reports. They currently have a $28.00 price target on the apparel retailer’s stock.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group initiated coverage on shares of American Eagle Outfitters in a research report on Thursday, December 11th. They set a “neutral” rating and a $25.00 target price for the company. UBS Group increased their price objective on shares of American Eagle Outfitters from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Royal Bank Of Canada set a $23.00 target price on shares of American Eagle Outfitters in a research note on Wednesday, December 3rd. TD Cowen reaffirmed a “hold” rating on shares of American Eagle Outfitters in a research report on Wednesday, December 3rd. Finally, Morgan Stanley set a $23.00 price target on American Eagle Outfitters in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $22.45.

American Eagle Outfitters Trading Up 3.7%

Shares of AEO opened at $24.93 on Thursday. American Eagle Outfitters has a twelve month low of $9.27 and a twelve month high of $28.46. The firm has a market capitalization of $4.23 billion, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 6.29 and a beta of 1.42. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $25.32 and its 200 day simple moving average is $20.28.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 EPS for the quarter, topping the consensus estimate of $0.43 by $0.10. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.32 billion. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 earnings per share. On average, equities research analysts forecast that American Eagle Outfitters will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, January 9th. American Eagle Outfitters’s dividend payout ratio is 43.10%.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 1,896 shares of American Eagle Outfitters stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $26.21, for a total value of $49,694.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer M. Foyle sold 243,047 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the transaction, the insider owned 191,751 shares in the company, valued at $4,659,549.30. This trade represents a 55.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 246,839 shares of company stock worth $6,004,388. Insiders own 8.70% of the company’s stock.

Institutional Trading of American Eagle Outfitters

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL lifted its holdings in American Eagle Outfitters by 50.0% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after buying an additional 500 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of American Eagle Outfitters during the 4th quarter valued at approximately $31,000. Aster Capital Management DIFC Ltd bought a new position in American Eagle Outfitters during the fourth quarter worth $32,000. Raymond James Financial Inc. acquired a new position in American Eagle Outfitters in the second quarter worth $35,000. Finally, Strs Ohio bought a new stake in American Eagle Outfitters during the third quarter valued at $36,000. 97.33% of the stock is owned by institutional investors.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.