American Eagle Outfitters (NYSE:AEO) has earned an average recommendation of “Buy” from the sixteen research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $24.92.

Several equities research analysts have issued reports on the stock. Wedbush cut shares of American Eagle Outfitters from an “outperform” rating to a “neutral” rating and set a $29.00 price target on the stock. in a research note on Monday, August 27th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Friday, August 17th. UBS Group increased their price objective on shares of American Eagle Outfitters from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. Bank of America increased their price objective on shares of American Eagle Outfitters from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, August 30th. Finally, ValuEngine lowered shares of American Eagle Outfitters from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 2nd.

Shares of NYSE AEO opened at $19.35 on Friday. The stock has a market capitalization of $3.47 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 1.37 and a beta of 0.81. American Eagle Outfitters has a 52 week low of $14.63 and a 52 week high of $29.88.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, August 29th. The apparel retailer reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. The firm had revenue of $964.85 million for the quarter, compared to analysts’ expectations of $937.98 million. American Eagle Outfitters had a net margin of 6.49% and a return on equity of 20.24%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 EPS. Equities analysts anticipate that American Eagle Outfitters will post 1.49 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 12th were given a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Thursday, October 11th. American Eagle Outfitters’s payout ratio is currently 47.41%.

In other news, Director Cary D. Mcmillan sold 16,993 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $24.87, for a total transaction of $422,615.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund boosted its holdings in American Eagle Outfitters by 3.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 65,317 shares of the apparel retailer’s stock worth $1,519,000 after purchasing an additional 1,890 shares during the period. Stevens Capital Management LP boosted its holdings in American Eagle Outfitters by 3.2% in the second quarter. Stevens Capital Management LP now owns 75,301 shares of the apparel retailer’s stock worth $1,751,000 after purchasing an additional 2,364 shares during the period. American International Group Inc. boosted its holdings in American Eagle Outfitters by 0.6% in the second quarter. American International Group Inc. now owns 439,677 shares of the apparel retailer’s stock worth $10,222,000 after purchasing an additional 2,464 shares during the period. Arizona State Retirement System boosted its holdings in American Eagle Outfitters by 2.2% in the second quarter. Arizona State Retirement System now owns 116,488 shares of the apparel retailer’s stock worth $2,708,000 after purchasing an additional 2,524 shares during the period. Finally, Chicago Equity Partners LLC boosted its holdings in American Eagle Outfitters by 1.3% in the third quarter. Chicago Equity Partners LLC now owns 209,140 shares of the apparel retailer’s stock worth $5,193,000 after purchasing an additional 2,680 shares during the period. 85.92% of the stock is owned by hedge funds and other institutional investors.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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