American Eagle Outfitters, Inc. (NYSE:AEO) Receives Average Rating of “Hold” from Analysts

American Eagle Outfitters, Inc. (NYSE:AEO) has received a consensus rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $25.75.

AEO has been the topic of several analyst reports. Barclays dropped their price target on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. TD Cowen cut their price target on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 price objective on shares of American Eagle Outfitters in a research note on Wednesday, October 2nd. Finally, UBS Group decreased their target price on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, August 30th.

American Eagle Outfitters Price Performance

Shares of AEO opened at $19.46 on Wednesday. American Eagle Outfitters has a one year low of $15.92 and a one year high of $26.44. The business has a fifty day moving average of $20.50 and a 200 day moving average of $21.33. The firm has a market capitalization of $3.74 billion, a P/E ratio of 15.57, a PEG ratio of 0.97 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS 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 analyst estimates of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The business’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 $0.25 EPS. Analysts expect that American Eagle Outfitters will post 1.78 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 40.00%.

Insider Activity

In related news, CEO Jay L. Schottenstein sold 999,999 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the transaction, the chief executive officer now owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Cary D. Mcmillan sold 2,283 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the transaction, the chief executive officer now directly owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,050,702 shares of company stock worth $21,148,718 over the last quarter. Insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

Hedge funds have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. increased its holdings in shares of American Eagle Outfitters by 36.6% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 22,798 shares of the apparel retailer’s stock worth $588,000 after buying an additional 6,114 shares during the last quarter. Hexagon Capital Partners LLC raised its position in American Eagle Outfitters by 81.1% during the first quarter. Hexagon Capital Partners LLC now owns 2,564 shares of the apparel retailer’s stock valued at $66,000 after purchasing an additional 1,148 shares during the period. Allspring Global Investments Holdings LLC raised its position in American Eagle Outfitters by 2.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 533,824 shares of the apparel retailer’s stock valued at $13,767,000 after purchasing an additional 13,780 shares during the period. New Century Financial Group LLC bought a new stake in shares of American Eagle Outfitters in the 1st quarter valued at approximately $1,226,000. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of American Eagle Outfitters in the 1st quarter worth approximately $268,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

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.