American Eagle Outfitters (NYSE:AEO) Stock Rating Reaffirmed by Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of American Eagle Outfitters (NYSE:AEO) in a research report released on Thursday morning, Benzinga reports. The firm currently has a $25.00 price objective on the apparel retailer’s stock.

Several other research analysts also recently issued reports on AEO. Morgan Stanley dropped their target price on shares of American Eagle Outfitters from $19.00 to $18.00 and set an underweight rating on the stock in a research note on Thursday, May 30th. StockNews.com upgraded American Eagle Outfitters from a hold rating to a buy rating in a report on Monday, May 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of $25.00.

American Eagle Outfitters Stock Down 4.2 %

AEO stock opened at $20.78 on Thursday. The business has a 50 day moving average of $20.82 and a 200 day moving average of $22.41. The firm has a market cap of $4.08 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 1.01 and a beta of 1.51. American Eagle Outfitters has a twelve month low of $14.39 and a twelve month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. American Eagle Outfitters had a return on equity of 19.39% and a net margin of 4.12%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. On average, research analysts expect that American Eagle Outfitters will post 1.75 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Friday, July 12th. American Eagle Outfitters’s payout ratio is 45.05%.

Insiders Place Their Bets

In other news, Director Cary D. Mcmillan sold 2,577 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $20.93, for a total value of $53,936.61. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 7.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its position in American Eagle Outfitters by 299.7% during the fourth quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock valued at $26,000 after purchasing an additional 905 shares in the last quarter. UMB Bank n.a. purchased a new stake in shares of American Eagle Outfitters during the 1st quarter valued at $27,000. Hexagon Capital Partners LLC lifted its holdings in shares of American Eagle Outfitters by 6,980.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,416 shares of the apparel retailer’s stock valued at $30,000 after purchasing an additional 1,396 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in American Eagle Outfitters by 40.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock worth $44,000 after buying an additional 600 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in American Eagle Outfitters during the 1st quarter valued at about $59,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.