Analysts Set American Eagle Outfitters, Inc. (NYSE:AEO) Target Price at $20.36

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been assigned an average rating of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $20.3636.

A number of research analysts have commented on the stock. The Goldman Sachs Group set a $22.00 price objective on shares of American Eagle Outfitters in a research note on Monday, June 1st. Weiss Ratings lowered American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Bank of America lowered their price target on American Eagle Outfitters from $20.00 to $16.00 and set an “underperform” rating on the stock in a report on Friday, May 29th. Telsey Advisory Group lowered their price target on American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating on the stock in a report on Friday, May 29th. Finally, Zacks Research cut American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th.

American Eagle Outfitters Trading Down 0.9%

NYSE AEO opened at $17.89 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.53 and a current ratio of 1.55. The firm has a market cap of $3.00 billion, a PE ratio of 11.04, a P/E/G ratio of 3.93 and a beta of 1.33. American Eagle Outfitters has a one year low of $9.56 and a one year high of $28.46. The firm’s fifty day moving average is $17.22 and its two-hundred day moving average is $20.80.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. American Eagle Outfitters’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.29) earnings per share. Analysts expect that American Eagle Outfitters will post 1.77 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, July 10th. American Eagle Outfitters’s dividend payout ratio is 30.86%.

Insider Activity

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 2,887 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.32, for a total value of $50,002.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Cary D. Mcmillan sold 2,887 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.23, for a total transaction of $49,743.01. The SEC filing for this sale provides additional information. 8.95% of the stock is owned by corporate insiders.

Institutional Trading of American Eagle Outfitters

Several institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its holdings in shares of American Eagle Outfitters by 31.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock valued at $49,000 after purchasing an additional 447 shares in the last quarter. Cambria Investment Management L.P. lifted its holdings in shares of American Eagle Outfitters by 4.5% in the third quarter. Cambria Investment Management L.P. now owns 10,777 shares of the apparel retailer’s stock valued at $184,000 after purchasing an additional 468 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its stake 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 valued at $26,000 after buying an additional 500 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of American Eagle Outfitters by 2.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 25,363 shares of the apparel retailer’s stock valued at $669,000 after buying an additional 510 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of American Eagle Outfitters by 4.8% during the third quarter. PNC Financial Services Group Inc. now owns 14,855 shares of the apparel retailer’s stock valued at $254,000 after buying an additional 678 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

About American Eagle Outfitters

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.