American Eagle Outfitters, Inc. (NYSE:AEO) Receives $22.45 Average PT from Brokerages

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been assigned a consensus recommendation of “Hold” from the fifteen analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $22.4545.

Several equities research analysts have recently commented on the company. Barclays boosted their price objective on American Eagle Outfitters from $20.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday, January 6th. Bank of America boosted their price target on shares of American Eagle Outfitters from $11.00 to $18.00 and gave the company an “underperform” rating in a research note on Wednesday, December 3rd. Citigroup raised their price objective on shares of American Eagle Outfitters from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. TD Cowen reiterated a “hold” rating on shares of American Eagle Outfitters in a report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. upgraded shares of American Eagle Outfitters from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $14.00 to $20.00 in a report on Wednesday, December 3rd.

Insider Activity

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 1,896 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $25.66, for a total transaction of $48,651.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jennifer M. Foyle sold 243,047 shares of American Eagle Outfitters stock in a transaction on Friday, December 5th. The stock was sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the transaction, the insider directly owned 191,751 shares in the company, valued at $4,659,549.30. This represents a 55.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 246,839 shares of company stock worth $6,004,388 over the last 90 days. 8.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AEO. Royal Bank of Canada grew its position in American Eagle Outfitters by 24.8% in the 1st quarter. Royal Bank of Canada now owns 162,243 shares of the apparel retailer’s stock worth $1,885,000 after purchasing an additional 32,191 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of American Eagle Outfitters by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer’s stock worth $1,229,000 after buying an additional 4,599 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of American Eagle Outfitters by 1,238.2% in the first quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock valued at $611,000 after acquiring an additional 48,624 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of American Eagle Outfitters by 9.6% in the first quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock valued at $185,000 after acquiring an additional 1,398 shares in the last quarter. Finally, Diversified Trust Co increased its position in shares of American Eagle Outfitters by 61.5% during the second quarter. Diversified Trust Co now owns 33,063 shares of the apparel retailer’s stock valued at $318,000 after acquiring an additional 12,594 shares during the last quarter. 97.33% of the stock is owned by institutional investors.

American Eagle Outfitters Trading Down 2.3%

AEO opened at $23.43 on Friday. The company has a fifty day moving average price of $24.61 and a two-hundred day moving average price of $18.40. American Eagle Outfitters has a 1-year low of $9.27 and a 1-year high of $28.46. The company has a market cap of $3.97 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 7.77 and a beta of 1.39. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13.

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

American Eagle Outfitters Announces Dividend

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. The ex-dividend date of this dividend was Friday, January 9th. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. American Eagle Outfitters’s dividend payout ratio is 43.10%.

About American Eagle Outfitters

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.