American Eagle Outfitters, Inc. (NYSE:AEO) Receives $22.45 Consensus Target Price from Analysts

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have received an average recommendation of “Hold” from the fifteen analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $22.4545.

AEO has been the topic of a number of recent research reports. Morgan Stanley set a $23.00 price target on shares of American Eagle Outfitters in a research note on Wednesday, December 3rd. Barclays upped their target price on shares of American Eagle Outfitters from $20.00 to $24.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 6th. Telsey Advisory Group raised their price target on shares of American Eagle Outfitters from $25.00 to $28.00 and gave the company a “market perform” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group began coverage on American Eagle Outfitters in a research report on Thursday, December 11th. They set a “neutral” rating and a $25.00 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded American Eagle Outfitters from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $14.00 to $20.00 in a report on Wednesday, December 3rd.

Insider Transactions at American Eagle Outfitters

In related news, insider Jennifer M. Foyle sold 243,047 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the sale, the insider directly owned 191,751 shares in the company, valued at approximately $4,659,549.30. This represents a 55.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Noel Joseph Spiegel sold 1,896 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total transaction of $48,651.36. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 246,839 shares of company stock valued at $6,004,388. 8.70% of the stock is currently owned by corporate insiders.

Institutional Trading of American Eagle Outfitters

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL boosted its holdings in shares of American Eagle Outfitters by 50.0% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock valued at $26,000 after buying an additional 500 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in American Eagle Outfitters in the fourth quarter valued at $31,000. Aster Capital Management DIFC Ltd acquired a new position in American Eagle Outfitters in the fourth quarter valued at $32,000. Raymond James Financial Inc. purchased a new position in shares of American Eagle Outfitters during the second quarter worth about $35,000. Finally, Strs Ohio purchased a new position in shares of American Eagle Outfitters during the third quarter worth about $36,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Stock Up 1.3%

Shares of NYSE AEO opened at $25.27 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $25.57 and its two-hundred day moving average is $20.02. American Eagle Outfitters has a 52-week low of $9.27 and a 52-week high of $28.46. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 6.61 and a beta of 1.42.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.32 billion. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. Research analysts predict that American Eagle Outfitters will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, January 9th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 43.10%.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.