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

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been given a consensus rating of “Hold” by the fifteen ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $19.9091.

Several research analysts have recently weighed in on AEO shares. UBS Group restated a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday. Barclays reduced their price objective on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. William Blair reissued a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday. Bank of America dropped their target price on American Eagle Outfitters from $20.00 to $16.00 and set an “underperform” rating for the company in a report on Friday, May 29th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $18.00 target price on shares of American Eagle Outfitters in a research note on Monday, July 6th.

American Eagle Outfitters Stock Performance

AEO opened at $17.45 on Friday. The firm has a market capitalization of $2.92 billion, a PE ratio of 10.77, a PEG ratio of 3.80 and a beta of 1.31. American Eagle Outfitters has a twelve month low of $9.65 and a twelve month high of $28.46. The firm’s 50-day moving average price is $16.86 and its 200 day moving average price is $19.85. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations 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 revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.29) EPS. As a group, sell-side analysts expect that American Eagle Outfitters will post 1.76 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, July 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 30.86%.

Insider Activity

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,892 shares of American Eagle Outfitters stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total transaction of $48,498.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Noel Joseph Spiegel sold 2,892 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total transaction of $48,527.76. The SEC filing for this sale provides additional information. 8.95% of the stock is currently owned by company insiders.

Institutional Trading of American Eagle Outfitters

Several institutional investors have recently made changes to their positions in AEO. Royal Bank of Canada grew its position in American Eagle Outfitters by 24.8% in the first quarter. Royal Bank of Canada now owns 162,243 shares of the apparel retailer’s stock worth $1,885,000 after acquiring an additional 32,191 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in American Eagle Outfitters by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer’s stock valued at $1,229,000 after purchasing an additional 4,599 shares during the period. Jones Financial Companies Lllp raised its position in American Eagle Outfitters by 1,238.2% in the first quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock valued at $611,000 after purchasing an additional 48,624 shares during the period. Empowered Funds LLC grew its holdings in shares of American Eagle Outfitters by 9.6% during the 1st quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock worth $185,000 after purchasing an additional 1,398 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of American Eagle Outfitters by 349.9% during the 2nd quarter. Marshall Wace LLP now owns 538,681 shares of the apparel retailer’s stock worth $5,182,000 after purchasing an additional 418,943 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

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.