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

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been assigned an average rating of “Hold” from the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $19.9091.

Several research firms recently commented on AEO. Weiss Ratings cut American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Telsey Advisory Group cut 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. Wall Street Zen upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. The Goldman Sachs Group set a $22.00 price objective on shares of American Eagle Outfitters in a research report on Monday, June 1st. Finally, William Blair reiterated a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director David M. Sable sold 5,779 shares of American Eagle Outfitters stock in a transaction on Friday, July 17th. The shares were sold at an average price of $17.23, for a total value of $99,572.17. Following the completion of the sale, the director directly owned 53,481 shares of the company’s stock, valued at approximately $921,477.63. The trade was a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Cary D. Mcmillan sold 2,892 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total transaction of $48,498.84. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 11,563 shares of company stock valued at $196,599. Corporate insiders own 8.95% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in American Eagle Outfitters during the 2nd quarter valued at $458,632,000. Marshall Wace LLP lifted its stake in shares of American Eagle Outfitters by 920.6% in the third quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock valued at $94,066,000 after buying an additional 4,959,039 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of American Eagle Outfitters by 162.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock valued at $105,818,000 after buying an additional 3,926,230 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of American Eagle Outfitters during the second quarter valued at about $27,637,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of American Eagle Outfitters during the fourth quarter worth about $40,954,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $18.22 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $3.05 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 3.92 and a beta of 1.32. The firm’s fifty day simple moving average is $17.35 and its two-hundred day simple moving average is $18.79. American Eagle Outfitters has a 12 month low of $12.05 and a 12 month high of $28.46.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the company posted ($0.29) EPS. As a group, analysts predict that American Eagle Outfitters will post 1.76 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 30.86%.

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.