Barclays Reaffirms Equal Weight Rating for American Eagle Outfitters (NYSE:AEO)

Barclays reissued their equal weight rating on shares of American Eagle Outfitters (NYSE:AEO) in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a $17.00 price target on the apparel retailer’s stock, down from their prior price target of $19.00.

AEO has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Jefferies Financial Group reduced their price objective on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. Raymond James started coverage on American Eagle Outfitters in a research note on Friday, December 13th. They issued a “market perform” rating on the stock. Morgan Stanley cut American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $19.00 to $17.00 in a research report on Wednesday. Finally, BMO Capital Markets decreased their price objective on American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday, December 5th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, American Eagle Outfitters has an average rating of “Hold” and a consensus target price of $21.00.

American Eagle Outfitters Trading Up 0.3 %

AEO stock opened at $15.84 on Wednesday. The stock has a market cap of $3.04 billion, a P/E ratio of 13.53, a P/E/G ratio of 1.02 and a beta of 1.53. The stock’s fifty day simple moving average is $16.98 and its two-hundred day simple moving average is $19.11. American Eagle Outfitters has a 1-year low of $15.36 and a 1-year high of $26.44.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 EPS. As a group, analysts forecast that American Eagle Outfitters will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Friday, January 10th. American Eagle Outfitters’s payout ratio is presently 42.74%.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of American Eagle Outfitters by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 103,514 shares of the apparel retailer’s stock worth $2,066,000 after buying an additional 3,925 shares in the last quarter. Diversified Trust Co raised its holdings in shares of American Eagle Outfitters by 4.3% in the 3rd quarter. Diversified Trust Co now owns 35,395 shares of the apparel retailer’s stock valued at $792,000 after acquiring an additional 1,443 shares in the last quarter. CWM LLC boosted its position in shares of American Eagle Outfitters by 319.2% during the 3rd quarter. CWM LLC now owns 11,162 shares of the apparel retailer’s stock valued at $250,000 after acquiring an additional 8,499 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of American Eagle Outfitters by 24.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 66,100 shares of the apparel retailer’s stock worth $1,480,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Gateway Investment Advisers LLC bought a new position in shares of American Eagle Outfitters in the third quarter worth approximately $213,000. 97.33% of the stock is owned by institutional investors.

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.