American Eagle Outfitters, Inc. (AEO) – What Are Brokerages Thinking About This Stock?

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have earned a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $19.55.

AEO has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of American Eagle Outfitters from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. BMO Capital Markets upped their price objective on shares of American Eagle Outfitters from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Tuesday, September 29th. JPMorgan Chase & Co. increased their price objective on shares of American Eagle Outfitters from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, August 18th. Barclays decreased their target price on shares of American Eagle Outfitters from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 10th. Finally, Wolfe Research initiated coverage on American Eagle Outfitters in a report on Wednesday, October 21st. They set a “peer perform” rating on the stock.

American Eagle Outfitters Trading Up 3.4%

Shares of AEO opened at $20.12 on Friday. American Eagle Outfitters has a 52-week low of $14.10 and a 52-week high of $28.46. The company has a quick ratio of 0.62, a current ratio of 1.59 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average is $17.09 and its two-hundred day moving average is $18.50. The stock has a market cap of $3.37 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 4.44 and a beta of 1.28.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.57. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. American Eagle Outfitters had a net margin of 5.91% and a return on equity of 23.63%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share. Research analysts forecast that American Eagle Outfitters will post 2.24 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 28th. Investors of record on Friday, October 9th were issued a $0.1250 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, October 9th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 25.51%.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 3,617 shares of American Eagle Outfitters stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $18.20, for a total transaction of $65,829.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Noel Spiegel sold 3,617 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $17.68, for a total value of $63,948.56. The disclosure for this sale is available in the SEC filing. Company insiders own 8.95% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new position in American Eagle Outfitters during the second quarter worth about $458,632,000. Arrowstreet Capital Limited Partnership boosted its holdings in American Eagle Outfitters by 162.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock valued at $105,818,000 after purchasing an additional 3,926,230 shares during the last quarter. Nykredit A S acquired a new position in American Eagle Outfitters in the 2nd quarter valued at about $46,023,000. Bank of New York Mellon Corp acquired a new position in American Eagle Outfitters in the 2nd quarter valued at about $27,637,000. Finally, Freestone Grove Partners LP purchased a new stake in shares of American Eagle Outfitters in the 2nd quarter valued at approximately $23,698,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc is a specialty retailer that designs, markets and sells apparel, accessories and personal-care products. The company serves teens and young adults through its American Eagle brand, which offers casual clothing including jeans, tops, outerwear, underwear and related accessories.

American Eagle Outfitters also operates Aerie, a lifestyle brand focused on intimates, activewear, swimwear, loungewear and apparel, as well as OFFLINE by Aerie, which emphasizes active and leisure clothing.