American Eagle Outfitters, Inc. (NYSE:AEO) Given Average Rating of “Buy” by Brokerages


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American Eagle Outfitters, Inc. (NYSE:AEO) has been assigned an average recommendation of “Buy” from the sixteen ratings firms that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $31.63.

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of American Eagle Outfitters from $30.00 to $42.00 and gave the stock an “overweight” rating in a report on Monday, April 19th. Telsey Advisory Group increased their target price on shares of American Eagle Outfitters from $28.00 to $35.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 21st. Jefferies Financial Group increased their target price on shares of American Eagle Outfitters from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, March 4th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of American Eagle Outfitters from $32.00 to $41.00 and gave the company a “buy” rating in a research report on Monday, April 19th. Finally, UBS Group lifted their target price on shares of American Eagle Outfitters from $31.00 to $37.00 in a research report on Thursday, March 4th.

Shares of NYSE:AEO traded down $0.50 during midday trading on Tuesday, hitting $35.80. The stock had a trading volume of 126,263 shares, compared to its average volume of 4,761,668. The company’s 50-day moving average price is $32.01 and its 200-day moving average price is $23.53. The company has a market capitalization of $5.99 billion, a P/E ratio of -28.24 and a beta of 1.42. American Eagle Outfitters has a fifty-two week low of $7.20 and a fifty-two week high of $38.28. The company has a quick ratio of 1.06, a current ratio of 1.69 and a debt-to-equity ratio of 0.30.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Tuesday, March 2nd. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.03. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. American Eagle Outfitters had a negative net margin of 5.50% and a negative return on equity of 1.82%. American Eagle Outfitters’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 earnings per share. Research analysts expect that American Eagle Outfitters will post -0.16 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Friday, March 12th were issued a $0.1375 dividend. The ex-dividend date of this dividend was Thursday, March 11th. This represents a $0.55 annualized dividend and a dividend yield of 1.54%. American Eagle Outfitters’s dividend payout ratio is presently 37.16%.

In other American Eagle Outfitters news, Director Thomas R. Ketteler sold 950 shares of the stock in a transaction that occurred on Monday, April 19th. The stock was sold at an average price of $34.52, for a total transaction of $32,794.00. Following the completion of the sale, the director now directly owns 5,564 shares of the company’s stock, valued at approximately $192,069.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charles F. Kessler sold 164,908 shares of the firm’s stock in a transaction that occurred on Friday, April 16th. The shares were sold at an average price of $34.45, for a total value of $5,681,080.60. Following the completion of the sale, the insider now directly owns 208,115 shares of the company’s stock, valued at $7,169,561.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 278,088 shares of company stock worth $9,733,038. 8.10% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. acquired a new stake in shares of American Eagle Outfitters during the fourth quarter worth $43,179,000. Norges Bank acquired a new position in shares of American Eagle Outfitters during the fourth quarter worth about $41,527,000. Nuveen Asset Management LLC increased its position in shares of American Eagle Outfitters by 141.1% during the fourth quarter. Nuveen Asset Management LLC now owns 1,832,129 shares of the apparel retailer’s stock worth $36,770,000 after acquiring an additional 1,072,234 shares during the last quarter. FMR LLC increased its holdings in American Eagle Outfitters by 80.5% in the first quarter. FMR LLC now owns 2,152,703 shares of the apparel retailer’s stock valued at $47,726,000 after buying an additional 960,273 shares during the last quarter. Finally, SummerHaven Investment Management LLC bought a new stake in American Eagle Outfitters in the fourth quarter valued at about $769,000.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, activewear, and swim collections, as well as personal care products for women.

Further Reading: Dividend Reinvestment Plan (DRIP)

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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