American Eagle Outfitters (NYSE:AEO) issued its quarterly earnings data on Wednesday. The apparel retailer reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02), Bloomberg Earnings reports. The firm had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $960.86 million. American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. American Eagle Outfitters’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. American Eagle Outfitters updated its Q4 guidance to $0.42-0.44 EPS.
Shares of American Eagle Outfitters (NYSE AEO) traded up $0.39 on Thursday, hitting $16.50. 11,638,200 shares of the stock were exchanged, compared to its average volume of 4,528,117. The company has a market cap of $2,852.26, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. American Eagle Outfitters has a 1 year low of $10.23 and a 1 year high of $18.49.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.125 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.03%. American Eagle Outfitters’s payout ratio is 51.55%.
Several equities analysts recently commented on the stock. SunTrust Banks reaffirmed a “buy” rating and set a $19.00 price objective on shares of American Eagle Outfitters in a research note on Thursday. Cowen reissued an “outperform” rating and issued a $19.00 price target (up previously from $16.00) on shares of American Eagle Outfitters in a research note on Thursday. Telsey Advisory Group boosted their price target on shares of American Eagle Outfitters from $16.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday. B. Riley boosted their price target on shares of American Eagle Outfitters from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Zacks Investment Research raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.05.
In other news, insider Jennifer M. Foyle sold 13,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $14.22, for a total value of $191,970.00. Following the completion of the sale, the insider now directly owns 27,531 shares in the company, valued at approximately $391,490.82. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.80% of the company’s stock.
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American Eagle Outfitters Company Profile
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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