Analysts Set American Eagle Outfitters, Inc. (NYSE:AEO) Price Target at $19.91

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have earned a consensus rating of “Hold” from the fifteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $19.9091.

A number of equities analysts recently weighed in on AEO shares. Morgan Stanley reissued an “equal weight” rating and issued a $18.00 price target on shares of American Eagle Outfitters in a report on Monday, July 6th. TD Cowen decreased their price objective on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a report on Monday, May 18th. Bank of America reaffirmed an “underperform” rating and issued a $16.00 price objective on shares of American Eagle Outfitters in a research report on Friday. Citigroup reduced their target price on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, June 1st. Finally, Wall Street Zen lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock opened at $16.16 on Tuesday. The business’s fifty day simple moving average is $17.36 and its 200 day simple moving average is $18.59. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05. American Eagle Outfitters has a 12 month low of $12.05 and a 12 month high of $28.46. The firm has a market capitalization of $2.71 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 3.51 and a beta of 1.32.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company earned ($0.29) EPS. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, analysts anticipate that American Eagle Outfitters will post 1.77 EPS for the current year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, July 10th. American Eagle Outfitters’s dividend payout ratio is 30.86%.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,892 shares of the firm’s stock in a transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Noel Joseph Spiegel sold 2,892 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total value of $48,527.76. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,563 shares of company stock valued at $196,599 over the last ninety days. 8.95% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Eagle Outfitters

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in shares of American Eagle Outfitters by 24.8% in the first 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. lifted its stake in shares of American Eagle Outfitters by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer’s stock valued at $1,229,000 after buying an additional 4,599 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in American Eagle Outfitters by 1,238.2% in the 1st quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock worth $611,000 after buying an additional 48,624 shares during the period. Empowered Funds LLC grew its stake in American Eagle Outfitters by 9.6% in the 1st quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock valued at $185,000 after buying an additional 1,398 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in American Eagle Outfitters by 349.9% during the 2nd quarter. Marshall Wace LLP now owns 538,681 shares of the apparel retailer’s stock valued at $5,182,000 after acquiring an additional 418,943 shares during the period. Institutional investors own 97.33% of the company’s stock.

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.