American Eagle Outfitters (NYSE:AEO) Issues Earnings Results

American Eagle Outfitters (NYSE:AEO) released its earnings results on Thursday. The apparel retailer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01, RTT News reports. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. American Eagle Outfitters had a net margin of 4.12% and a return on equity of 19.39%. The company’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 posted $0.25 EPS. American Eagle Outfitters updated its FY 2024 guidance to EPS.

American Eagle Outfitters Stock Down 4.2 %

AEO stock opened at $20.78 on Friday. The firm has a market capitalization of $4.08 billion, a PE ratio of 18.72, a PEG ratio of 1.01 and a beta of 1.51. The stock has a 50-day simple moving average of $20.82 and a two-hundred day simple moving average of $22.41. American Eagle Outfitters has a twelve month low of $14.39 and a twelve month high of $26.44.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Friday, July 12th. American Eagle Outfitters’s payout ratio is presently 45.05%.

Insider Activity

In related news, Director Cary D. Mcmillan sold 2,577 shares of the business’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 7.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AEO shares. StockNews.com upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Monday, May 27th. Telsey Advisory Group restated a “market perform” rating and set a $25.00 price objective on shares of American Eagle Outfitters in a research note on Thursday. Finally, Morgan Stanley dropped their price objective on 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.00.

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.