Deutsche Bank Aktiengesellschaft Trims American Eagle Outfitters (NYSE:AEO) Target Price to $14.00

Posted by Kyle Jackson on May 26th, 2023

American Eagle Outfitters (NYSE:AEO – Get Rating) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $17.00 to $14.00 in a research note issued to investors on Thursday morning, The Fly reports.

Several other equities research analysts have also recently issued reports on the stock. StockNews.com began coverage on shares of American Eagle Outfitters in a research report on Thursday, May 18th. They issued a hold rating on the stock. Telsey Advisory Group restated a market perform rating and issued a $17.00 price target on shares of American Eagle Outfitters in a report on Thursday, March 2nd. Citigroup cut their price target on shares of American Eagle Outfitters from $17.00 to $14.00 in a report on Thursday, May 18th. Jefferies Financial Group cut their price target on shares of American Eagle Outfitters from $16.00 to $14.00 in a report on Tuesday, May 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of American Eagle Outfitters from $14.00 to $15.00 in a report on Monday, May 8th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $13.38.

American Eagle Outfitters Price Performance

AEO opened at $10.63 on Thursday. The company’s 50 day simple moving average is $13.10 and its 200 day simple moving average is $14.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 1.43. American Eagle Outfitters has a 1 year low of $9.46 and a 1 year high of $17.09. The stock has a market capitalization of $2.10 billion, a PE ratio of 17.15, a P/E/G ratio of 0.82 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO – Get Rating) last released its earnings results on Wednesday, May 24th. The apparel retailer reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. American Eagle Outfitters had a net margin of 2.51% and a return on equity of 13.27%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the company earned $0.16 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts expect that American Eagle Outfitters will post 1.12 EPS for the current year.

American Eagle Outfitters Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Thursday, April 6th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, April 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.76%. American Eagle Outfitters’s dividend payout ratio is currently 64.52%.

Insider Activity

In other news, EVP Michael R. Rempell sold 18,997 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $14.65, for a total transaction of $278,306.05. Following the completion of the sale, the executive vice president now owns 172,003 shares of the company’s stock, valued at $2,519,843.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Michael R. Rempell sold 5,761 shares of the firm’s stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $13.33, for a total transaction of $76,794.13. Following the completion of the sale, the executive vice president now owns 172,003 shares of the company’s stock, valued at $2,292,799.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael R. Rempell sold 18,997 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $14.65, for a total transaction of $278,306.05. Following the sale, the executive vice president now directly owns 172,003 shares of the company’s stock, valued at approximately $2,519,843.95. The disclosure for this sale can be found here. Insiders have sold 43,202 shares of company stock worth $599,822 over the last 90 days. Company insiders own 7.50% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

Hedge funds have recently added to or reduced their stakes in the business. State of Wyoming acquired a new position in American Eagle Outfitters in the fourth quarter worth $27,000. Belpointe Asset Management LLC acquired a new position in American Eagle Outfitters in the fourth quarter worth $29,000. Canada Pension Plan Investment Board acquired a new position in American Eagle Outfitters in the first quarter worth $37,000. Quarry LP acquired a new position in American Eagle Outfitters in the first quarter worth $38,000. Finally, Eisler Capital UK Ltd. acquired a new position in American Eagle Outfitters in the third quarter worth $34,000. Institutional investors and hedge funds own 93.34% of the company’s stock.

American Eagle Outfitters Company Profile

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American Eagle Outfitters, Inc is a multi-brand specialty retailer, which offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.