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

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been assigned an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $21.00.

A number of analysts recently issued reports on the company. Barclays reissued an “equal weight” rating and set a $17.00 price objective (down from $19.00) on shares of American Eagle Outfitters in a research report on Wednesday, February 5th. Telsey Advisory Group decreased their price target on American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. BMO Capital Markets lowered their price target on American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday, December 5th. Bank of America cut their price objective on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, Morgan Stanley cut American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $19.00 to $17.00 in a report on Wednesday, February 5th.

Insider Transactions at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,999 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

Several large investors have recently bought and sold shares of the business. Bridgewater Associates LP boosted its position in shares of American Eagle Outfitters by 33.0% during the 4th quarter. Bridgewater Associates LP now owns 272,833 shares of the apparel retailer’s stock worth $4,548,000 after acquiring an additional 67,627 shares in the last quarter. Barclays PLC lifted its stake in American Eagle Outfitters by 12.8% during the fourth quarter. Barclays PLC now owns 336,362 shares of the apparel retailer’s stock worth $5,607,000 after purchasing an additional 38,099 shares during the last quarter. TCM Advisors LLC boosted its holdings in American Eagle Outfitters by 2.1% in the fourth quarter. TCM Advisors LLC now owns 39,400 shares of the apparel retailer’s stock valued at $657,000 after purchasing an additional 800 shares in the last quarter. Townsquare Capital LLC acquired a new position in American Eagle Outfitters in the fourth quarter valued at approximately $1,832,000. Finally, Covestor Ltd increased its stake in American Eagle Outfitters by 128.6% in the fourth quarter. Covestor Ltd now owns 5,926 shares of the apparel retailer’s stock valued at $99,000 after purchasing an additional 3,334 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Trading Up 1.0 %

AEO opened at $14.35 on Friday. The firm’s 50-day moving average price is $16.46 and its 200 day moving average price is $18.86. The firm has a market capitalization of $2.76 billion, a PE ratio of 12.26, a PEG ratio of 0.95 and a beta of 1.53. American Eagle Outfitters has a twelve month low of $14.11 and a twelve month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. American Eagle Outfitters’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. As a group, analysts predict 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 declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Friday, January 10th. American Eagle Outfitters’s dividend payout ratio is currently 42.74%.

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.