BMO Capital Markets reaffirmed their buy rating on shares of American Eagle Outfitters, Inc. (NYSE:AEO) in a research note published on Wednesday, September 13th. BMO Capital Markets currently has a $15.00 target price on the apparel retailer’s stock.
Other equities research analysts have also issued research reports about the company. B. Riley reissued a neutral rating and issued a $12.50 target price on shares of American Eagle Outfitters in a research note on Thursday, May 18th. Cowen and Company set a $14.00 target price on American Eagle Outfitters and gave the company a buy rating in a research note on Wednesday, August 23rd. SunTrust Banks, Inc. reissued a buy rating and issued a $15.00 target price (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Friday, May 19th. FBR & Co reaffirmed a buy rating and set a $15.00 price target (up previously from $13.00) on shares of American Eagle Outfitters in a research report on Tuesday, September 5th. Finally, ValuEngine lowered American Eagle Outfitters from a buy rating to a hold rating in a research report on Friday, September 1st. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. American Eagle Outfitters presently has a consensus rating of Hold and a consensus target price of $14.84.
Shares of American Eagle Outfitters (NYSE:AEO) opened at 13.85 on Wednesday. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 14.22 and a beta of 1.07. American Eagle Outfitters has a 12 month low of $10.23 and a 12 month high of $19.00. The company has a 50-day moving average price of $12.10 and a 200-day moving average price of $12.57.
American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. American Eagle Outfitters had a return on equity of 18.25% and a net margin of 4.85%. The firm had revenue of $845.00 million during the quarter, compared to analyst estimates of $823.84 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year. Equities analysts forecast that American Eagle Outfitters will post $1.13 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.50 dividend on an annualized basis and a yield of 3.61%. American Eagle Outfitters’s dividend payout ratio is currently 51.55%.
A number of institutional investors have recently made changes to their positions in AEO. BlackRock Inc. raised its holdings in American Eagle Outfitters by 8,781.1% in the 1st quarter. BlackRock Inc. now owns 17,773,025 shares of the apparel retailer’s stock worth $249,355,000 after purchasing an additional 17,572,904 shares during the period. RidgeWorth Capital Management LLC bought a new position in American Eagle Outfitters in the 1st quarter worth $29,610,000. Dimensional Fund Advisors LP raised its holdings in American Eagle Outfitters by 30.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,220,656 shares of the apparel retailer’s stock worth $87,008,000 after purchasing an additional 1,687,520 shares during the period. Hamlin Capital Management LLC raised its holdings in American Eagle Outfitters by 34.0% in the 2nd quarter. Hamlin Capital Management LLC now owns 5,737,478 shares of the apparel retailer’s stock worth $69,137,000 after purchasing an additional 1,456,748 shares during the period. Finally, Schroder Investment Management Group bought a new position in American Eagle Outfitters in the 1st quarter worth $16,019,000. 83.87% of the stock is currently owned by institutional investors.
About American Eagle Outfitters
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.
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