American Eagle Outfitters, Inc. (NYSE:AEO) Given Average Rating of “Reduce” by Brokerages

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have received a consensus recommendation of “Reduce” from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $21.75.

AEO has been the subject of several recent research reports. Barclays reduced their price target on American Eagle Outfitters from $24.00 to $19.00 and set an “underweight” rating for the company in a research report on Thursday, March 5th. Citigroup lifted their price target on American Eagle Outfitters from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. TD Cowen cut their price objective on American Eagle Outfitters from $27.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, March 6th. Needham & Company LLC started coverage on American Eagle Outfitters in a research report on Thursday, March 26th. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group started coverage on American Eagle Outfitters in a research report on Thursday, December 11th. They issued a “neutral” rating and a $25.00 price objective for the company.

Insider Buying and Selling

In other news, Director Cary D. Mcmillan sold 1,896 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total value of $49,694.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Noel Joseph Spiegel sold 1,896 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $25.66, for a total value of $48,651.36. Additional details regarding this sale are available in the official SEC disclosure. 8.70% of the stock is owned by insiders.

Institutional Trading of American Eagle Outfitters

Large investors have recently made changes to their positions in the company. Kemnay Advisory Services Inc. purchased a new stake in shares of American Eagle Outfitters during the fourth quarter worth approximately $31,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of American Eagle Outfitters during the fourth quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL increased its position in shares of American Eagle Outfitters by 50.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 500 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of American Eagle Outfitters by 177.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,774 shares of the apparel retailer’s stock worth $47,000 after purchasing an additional 1,134 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of American Eagle Outfitters by 31.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock worth $49,000 after purchasing an additional 447 shares in the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

American Eagle Outfitters Trading Down 0.7%

Shares of AEO stock opened at $17.36 on Wednesday. The stock has a 50 day moving average of $20.80 and a 200 day moving average of $20.90. The stock has a market cap of $2.89 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.19 and a beta of 1.50. American Eagle Outfitters has a twelve month low of $9.27 and a twelve month high of $28.46.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.13. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.74 billion. American Eagle Outfitters had a return on equity of 16.76% and a net margin of 3.49%.American Eagle Outfitters’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the business earned $0.54 earnings per share. On average, research analysts predict that American Eagle Outfitters will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be given a $0.125 dividend. The ex-dividend date is Friday, April 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.9%. American Eagle Outfitters’s payout ratio is 44.64%.

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.