American Eagle Outfitters, Inc. (NYSE:AEO – Get Rating) – Analysts at Telsey Advisory Group lowered their Q2 2024 EPS estimates for shares of American Eagle Outfitters in a research report issued to clients and investors on Thursday, May 25th. Telsey Advisory Group analyst D. Telsey now forecasts that the apparel retailer will post earnings of $0.11 per share for the quarter, down from their prior estimate of $0.18. Telsey Advisory Group currently has a “Market Perform” rating and a $17.00 price target on the stock. The consensus estimate for American Eagle Outfitters’ current full-year earnings is $1.12 per share. Telsey Advisory Group also issued estimates for American Eagle Outfitters’ Q3 2024 earnings at $0.37 EPS, Q4 2024 earnings at $0.33 EPS, FY2024 earnings at $0.98 EPS, Q1 2025 earnings at $0.19 EPS, Q2 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.41 EPS, Q4 2025 earnings at $0.37 EPS and FY2025 earnings at $1.10 EPS.
American Eagle Outfitters (NYSE:AEO – Get Rating) last issued its quarterly earnings results on Wednesday, May 24th. The apparel retailer reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. American Eagle Outfitters had a return on equity of 13.27% and a net margin of 2.51%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 EPS.
American Eagle Outfitters Trading Down 11.9 %
Shares of American Eagle Outfitters stock opened at $10.63 on Friday. The stock has a market capitalization of $2.10 billion, a P/E ratio of 17.15, a P/E/G ratio of 0.82 and a beta of 1.52. American Eagle Outfitters has a 52-week low of $9.46 and a 52-week high of $17.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 1.43. The stock’s 50-day simple moving average is $13.10 and its 200 day simple moving average is $14.17.
Institutional Investors Weigh In On American Eagle Outfitters
A number of hedge funds have recently made changes to their positions in AEO. FMR LLC increased its position in American Eagle Outfitters by 0.4% during the 1st quarter. FMR LLC now owns 28,228,744 shares of the apparel retailer’s stock valued at $379,394,000 after purchasing an additional 117,903 shares during the period. BlackRock Inc. increased its position in shares of American Eagle Outfitters by 25.9% during the third quarter. BlackRock Inc. now owns 24,356,394 shares of the apparel retailer’s stock valued at $236,988,000 after buying an additional 5,013,262 shares during the period. Vanguard Group Inc. lifted its holdings in American Eagle Outfitters by 15.6% in the third quarter. Vanguard Group Inc. now owns 17,571,205 shares of the apparel retailer’s stock worth $170,967,000 after buying an additional 2,369,726 shares during the period. Dimensional Fund Advisors LP boosted its position in American Eagle Outfitters by 26.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,231,083 shares of the apparel retailer’s stock valued at $124,063,000 after acquiring an additional 1,913,492 shares in the last quarter. Finally, Cooke & Bieler LP grew its holdings in shares of American Eagle Outfitters by 10.1% during the 3rd quarter. Cooke & Bieler LP now owns 8,399,160 shares of the apparel retailer’s stock worth $81,724,000 after acquiring an additional 771,320 shares during the period. 93.34% of the stock is currently owned by institutional investors.
Insider Buying and Selling at American Eagle Outfitters
In other news, EVP Michael R. Rempell sold 18,997 shares of the firm’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $14.65, for a total transaction of $278,306.05. Following the sale, the executive vice president now owns 172,003 shares in the company, valued at approximately $2,519,843.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Michael R. Rempell sold 12,510 shares of the firm’s stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $13.13, for a total transaction of $164,256.30. Following the transaction, the executive vice president now directly owns 172,003 shares of the company’s stock, valued at approximately $2,258,399.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael R. Rempell sold 18,997 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $14.65, for a total value of $278,306.05. Following the completion of the sale, the executive vice president now directly owns 172,003 shares of the company’s stock, valued at approximately $2,519,843.95. The disclosure for this sale can be found here. Insiders sold a total of 43,202 shares of company stock worth $599,822 over the last three months. 7.50% of the stock is owned by insiders.
American Eagle Outfitters Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 21st. Shareholders of record on Thursday, April 6th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $0.40 annualized dividend and a yield of 3.76%. American Eagle Outfitters’s payout ratio is presently 64.52%.
American Eagle Outfitters Company Profile
American Eagle Outfitters, Inc is a multi-brand specialty retailer, which offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
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