American Eagle Outfitters (NYSE:AEO) Earns Market Perform Rating from Analysts at Raymond James

Raymond James assumed coverage on shares of American Eagle Outfitters (NYSE:AEO) in a research note published on Friday, Marketbeat reports. The firm issued a market perform rating on the apparel retailer’s stock.

A number of other brokerages have also recently commented on AEO. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Bank of America lowered their price objective on American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Telsey Advisory Group cut their price objective on American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, December 5th. Barclays decreased their target price on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Finally, TD Cowen dropped their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, American Eagle Outfitters presently has an average rating of “Hold” and an average target price of $22.40.

American Eagle Outfitters Stock Down 0.9 %

American Eagle Outfitters stock opened at $17.20 on Friday. American Eagle Outfitters has a 52-week low of $16.88 and a 52-week high of $26.44. The company has a market cap of $3.30 billion, a P/E ratio of 14.70, a P/E/G ratio of 1.12 and a beta of 1.51. The business has a 50-day simple moving average of $19.17 and a two-hundred day simple moving average of $20.19.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm posted $0.49 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. Research analysts anticipate that American Eagle Outfitters will post 1.69 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, January 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 42.74%.

Insider Buying and Selling

In related news, insider Jennifer M. Foyle sold 30,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total value of $653,700.00. Following the completion of the sale, the insider now directly owns 200,427 shares in the company, valued at $4,367,304.33. This trade represents a 13.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jay L. Schottenstein sold 999,999 shares of the business’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 transaction, the chief executive officer now owns 1,771,851 shares in the company, valued at $35,507,894.04. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,050,702 shares of company stock worth $21,148,718. 7.30% of the stock is owned by insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Several institutional investors have recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. purchased a new stake in American Eagle Outfitters in the 3rd quarter worth about $32,000. Advisors Asset Management Inc. lifted its stake in shares of American Eagle Outfitters by 171.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after acquiring an additional 1,608 shares during the last quarter. Innealta Capital LLC purchased a new position in American Eagle Outfitters during the 2nd quarter valued at $78,000. nVerses Capital LLC purchased a new stake in American Eagle Outfitters in the second quarter worth $108,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in American Eagle Outfitters in the third quarter worth $141,000. 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.