American Eagle Outfitters, Inc. (NYSE:AEO) Stock Has Consensus Price Target of $19.55 According to Brokerages

American Eagle Outfitters, Inc. (NYSE:AEO) has received an average rating of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $19.55.

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on American Eagle Outfitters from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, August 18th. Morgan Stanley cut their price objective on American Eagle Outfitters from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, September 10th. Bank of America restated an “underperform” rating and set a $16.00 target price on shares of American Eagle Outfitters in a research report on Friday, August 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Eagle Outfitters in a research note on Thursday, August 27th. Finally, Wall Street Zen upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, September 5th.

American Eagle Outfitters Trading Down 0.1%

NYSE AEO opened at $17.69 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 1.59 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.96 billion, a P/E ratio of 9.03, a P/E/G ratio of 4.04 and a beta of 1.28. American Eagle Outfitters has a 52-week low of $14.06 and a 52-week high of $28.46. The firm has a 50-day moving average price of $16.74 and a 200 day moving average price of $17.02.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.57. American Eagle Outfitters had a return on equity of 23.63% and a net margin of 5.91%.The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts expect that American Eagle Outfitters will post 2.24 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Friday, October 9th will be given a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, October 9th. American Eagle Outfitters’s dividend payout ratio is presently 25.51%.

Insider Buying and Selling at American Eagle Outfitters

In related news, Director Cary McMillan sold 2,892 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total value of $48,498.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David M. Sable sold 5,779 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $17.23, for a total value of $99,572.17. Following the completion of the sale, the director owned 53,481 shares in the company, valued at approximately $921,477.63. This represents a 9.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 11,563 shares of company stock valued at $196,599. Corporate insiders own 8.95% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nykredit A S purchased a new stake in American Eagle Outfitters during the second quarter worth $33,253,000. Parkside Financial Bank & Trust increased its position in shares of American Eagle Outfitters by 772.7% in the second quarter. Parkside Financial Bank & Trust now owns 3,997 shares of the apparel retailer’s stock valued at $69,000 after buying an additional 3,539 shares in the last quarter. Corient Private Wealth LP acquired a new position in shares of American Eagle Outfitters during the 2nd quarter worth $2,820,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of American Eagle Outfitters during the 2nd quarter worth $303,000. Finally, Legacy Financial Advisors Inc. purchased a new stake in shares of American Eagle Outfitters in the 2nd quarter worth about $347,000. 97.33% of the stock is owned by institutional investors and hedge funds.

About American Eagle Outfitters

American Eagle Outfitters, Inc is a specialty retailer focused on apparel, accessories and personal-care products. The company operates primarily through the American Eagle and Aerie brands, offering casual clothing, denim, footwear and accessories, as well as intimates, activewear and lifestyle products.

American Eagle serves teenagers and young adults, while Aerie focuses on intimates, activewear and loungewear. The company sells its products through a network of retail stores, brand websites and other digital channels in the United States and internationally.