American Eagle Outfitters (NYSE:AEO) Price Target Raised to $28.00

American Eagle Outfitters (NYSE:AEO) had its price objective increased by Telsey Advisory Group from $25.00 to $28.00 in a research report report published on Tuesday morning, MarketBeat.com reports. The brokerage currently has a market perform rating on the apparel retailer’s stock.

Several other analysts also recently weighed in on AEO. Zacks Research raised shares of American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Weiss Ratings restated a “hold (c)” rating on shares of American Eagle Outfitters in a report on Wednesday, October 8th. Cowen reaffirmed a “hold” rating on shares of American Eagle Outfitters in a research report on Wednesday, December 3rd. BTIG Research started coverage on American Eagle Outfitters in a research report on Thursday, September 18th. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. upgraded American Eagle Outfitters from an “underweight” rating to a “neutral” rating and raised their price target for the company from $14.00 to $20.00 in a research note on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, American Eagle Outfitters has an average rating of “Hold” and an average target price of $22.45.

American Eagle Outfitters Price Performance

AEO opened at $25.81 on Tuesday. The stock has a market cap of $4.38 billion, a P/E ratio of 22.25, a PEG ratio of 8.35 and a beta of 1.39. American Eagle Outfitters has a 52-week low of $9.27 and a 52-week high of $28.46. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $23.43 and a 200 day moving average of $17.46.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 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 firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the business posted $0.48 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that American Eagle Outfitters will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, January 9th. American Eagle Outfitters’s dividend payout ratio is 43.10%.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 1,896 shares of American Eagle Outfitters stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total value of $49,694.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jennifer M. Foyle sold 243,047 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider owned 191,751 shares of the company’s stock, 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. 8.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL raised its stake in shares of American Eagle Outfitters by 50.0% in the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 500 shares during the last quarter. Raymond James Financial Inc. acquired a new position in American Eagle Outfitters in the 2nd quarter worth approximately $35,000. Strs Ohio purchased a new position in American Eagle Outfitters during the 3rd quarter worth approximately $36,000. Federated Hermes Inc. raised its position in American Eagle Outfitters by 151.0% during the 2nd quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock worth $37,000 after buying an additional 2,315 shares during the last quarter. Finally, McIlrath & Eck LLC acquired a new stake in American Eagle Outfitters during the 3rd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

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.