SunTrust Banks Reiterates “Buy” Rating for American Eagle Outfitters (NYSE:AEO)

SunTrust Banks reiterated their buy rating on shares of American Eagle Outfitters (NYSE:AEO) in a report issued on Tuesday, January 9th. They currently have a $21.00 price target on the apparel retailer’s stock. SunTrust Banks also issued estimates for American Eagle Outfitters’ FY2019 earnings at $1.31 EPS.

A number of other brokerages have also recently issued reports on AEO. Telsey Advisory Group lifted their price objective on shares of American Eagle Outfitters from $19.00 to $22.00 and gave the company an outperform rating in a research note on Tuesday, January 2nd. BMO Capital Markets set a $21.00 price objective on shares of American Eagle Outfitters and gave the company a buy rating in a research note on Tuesday, December 19th. ValuEngine raised shares of American Eagle Outfitters from a hold rating to a buy rating in a research note on Saturday, December 9th. Cowen reissued an outperform rating and issued a $19.00 price objective (up from $16.00) on shares of American Eagle Outfitters in a research note on Thursday, December 7th. Finally, B. Riley boosted their target price on shares of American Eagle Outfitters from $15.00 to $18.00 and gave the stock a buy rating in a research note on Thursday, December 7th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $15.74.

Shares of American Eagle Outfitters (NYSE:AEO) opened at $18.34 on Tuesday. The firm has a market cap of $3,250.00, a P/E ratio of 20.15, a PEG ratio of 2.10 and a beta of 1.18. American Eagle Outfitters has a 1 year low of $10.23 and a 1 year high of $19.48.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The firm had revenue of $960.00 million during the quarter, compared to the consensus estimate of $960.86 million. American Eagle Outfitters had a net margin of 4.50% and a return on equity of 17.42%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $0.41 earnings per share. equities research analysts expect that American Eagle Outfitters will post 1.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.73%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 54.95%.

Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of American Eagle Outfitters by 9.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock worth $103,000 after purchasing an additional 729 shares during the period. Sterling Capital Management LLC acquired a new position in American Eagle Outfitters in the second quarter valued at $128,000. CIBC World Markets Inc. lifted its holdings in American Eagle Outfitters by 0.6% in the second quarter. CIBC World Markets Inc. now owns 11,035 shares of the apparel retailer’s stock valued at $133,000 after buying an additional 63 shares during the period. Riverhead Capital Management LLC lifted its holdings in American Eagle Outfitters by 91.1% in the second quarter. Riverhead Capital Management LLC now owns 11,082 shares of the apparel retailer’s stock valued at $134,000 after buying an additional 5,282 shares during the period. Finally, Shelton Capital Management acquired a new position in American Eagle Outfitters in the second quarter valued at $154,000. Institutional investors own 83.24% of the company’s stock.

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American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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