American Eagle Outfitters, Inc. (NYSE:AEO) Stock Has Consensus Price Target of $19.55 According to Brokerages

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been assigned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $19.55.

AEO has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of American Eagle Outfitters in a research report on Thursday, August 27th. Barclays cut their price target on American Eagle Outfitters from $17.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, September 10th. Bank of America reaffirmed an “underperform” rating and set a $16.00 price target on shares of American Eagle Outfitters in a research report on Friday, August 14th. William Blair reiterated a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. Finally, UBS Group dropped their price objective on shares of American Eagle Outfitters from $31.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, September 10th.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Noel Spiegel sold 2,892 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total value of $48,527.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David M. Sable sold 5,779 shares of the company’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $17.23, for a total value of $99,572.17. Following the completion of the sale, the director owned 53,481 shares of the company’s stock, valued at approximately $921,477.63. The trade was a 9.75% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 11,563 shares of company stock valued at $196,599. 8.95% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AEO. BlackRock Inc. purchased a new stake in American Eagle Outfitters in the 2nd quarter worth $458,632,000. Arrowstreet Capital Limited Partnership lifted its position in shares of American Eagle Outfitters by 162.9% in 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 acquiring an additional 3,926,230 shares in the last quarter. Nykredit A S purchased a new position in shares of American Eagle Outfitters in the second quarter valued at about $46,023,000. Bank of New York Mellon Corp purchased a new position in shares of American Eagle Outfitters in the second quarter valued at about $27,637,000. Finally, Freestone Grove Partners LP bought a new position in shares of American Eagle Outfitters in the second quarter worth about $23,698,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Trading Down 1.6%

Shares of AEO stock opened at $17.69 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 0.62 and a debt-to-equity ratio of 0.03. American Eagle Outfitters has a 12-month low of $14.06 and a 12-month high of $28.46. The stock has a market capitalization of $2.96 billion, a P/E ratio of 9.03, a P/E/G ratio of 4.10 and a beta of 1.28. The firm’s 50 day moving average is $16.74 and its 200 day moving average is $17.02.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share for the quarter, beating 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 quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. Research analysts expect that American Eagle Outfitters will post 2.24 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Friday, October 9th will be paid a $0.1250 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, October 9th. American Eagle Outfitters’s dividend payout ratio is 25.51%.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc is a specialty retailer focused on apparel, accessories and personal-care products. The company operates primarily through the American Eagle and Aerie brands, offering casual clothing, denim, footwear and accessories, as well as intimates, activewear and lifestyle products.

American Eagle serves teenagers and young adults, while Aerie focuses on intimates, activewear and loungewear. The company sells its products through a network of retail stores, brand websites and other digital channels in the United States and internationally.