American Eagle Outfitters, Inc. (AEO) Receives $14.71 Average PT from Analysts
American Eagle Outfitters, Inc. (NYSE:AEO) has been assigned an average rating of “Hold” from the twenty-five analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $14.71.
Several analysts recently issued reports on AEO shares. BMO Capital Markets set a $15.00 target price on American Eagle Outfitters and gave the stock a “buy” rating in a report on Thursday, July 6th. ValuEngine raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. BidaskClub raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Tuesday, July 4th. Royal Bank Of Canada set a $14.00 price target on American Eagle Outfitters and gave the stock a “buy” rating in a research report on Monday, June 19th. Finally, Jefferies Group LLC set a $18.00 price target on American Eagle Outfitters and gave the stock a “buy” rating in a research report on Thursday, August 3rd.
American Eagle Outfitters (NYSE:AEO) opened at 12.99 on Wednesday. The stock’s 50 day moving average price is $13.27 and its 200-day moving average price is $12.53. American Eagle Outfitters has a one year low of $10.23 and a one year high of $19.00. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 13.34 and a beta of 1.10.
American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. American Eagle Outfitters had a return on equity of 18.25% and a net margin of 4.85%. The business had revenue of $845.00 million for the quarter, compared to analyst estimates of $823.84 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. American Eagle Outfitters’s revenue was up 2.7% on a year-over-year basis. Analysts forecast that American Eagle Outfitters will post $1.13 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Thursday, October 5th. American Eagle Outfitters’s payout ratio is 51.55%.
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In other news, insider Jennifer M. Foyle sold 13,500 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $14.22, for a total value of $191,970.00. Following the completion of the transaction, the insider now directly owns 27,531 shares in the company, valued at approximately $391,490.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.80% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Soros Fund Management LLC bought a new position in shares of American Eagle Outfitters in the 1st quarter valued at $556,000. HighTower Advisors LLC lifted its stake in shares of American Eagle Outfitters by 2.0% in the 1st quarter. HighTower Advisors LLC now owns 14,893 shares of the apparel retailer’s stock valued at $210,000 after acquiring an additional 290 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of American Eagle Outfitters in the 2nd quarter valued at $2,016,000. Russell Investments Group Ltd. lifted its stake in shares of American Eagle Outfitters by 84.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 138,705 shares of the apparel retailer’s stock valued at $1,671,000 after acquiring an additional 63,583 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of American Eagle Outfitters by 85.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 30,818 shares of the apparel retailer’s stock valued at $432,000 after acquiring an additional 14,230 shares during the last quarter. Institutional investors own 83.87% of the company’s stock.
About American Eagle Outfitters
American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
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