American Eagle Outfitters (NYSE:AEO – Free Report) had its target price lowered by UBS Group from $35.00 to $34.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a buy rating on the apparel retailer’s stock.
A number of other research firms also recently issued reports on AEO. Morgan Stanley lowered their price target on American Eagle Outfitters from $19.00 to $18.00 and set an underweight rating for the company in a research report on Thursday, May 30th. Telsey Advisory Group reissued a market perform rating and set a $25.00 target price on shares of American Eagle Outfitters in a research report on Thursday. TD Cowen reduced their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a hold rating on the stock in a research report on Friday. StockNews.com upgraded shares of American Eagle Outfitters from a hold rating to a buy rating in a research note on Monday, May 27th. Finally, Barclays cut their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an overweight rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $25.33.
American Eagle Outfitters Price Performance
American Eagle Outfitters (NYSE:AEO – Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a net margin of 4.12% and a return on equity of 19.39%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm posted $0.25 earnings per share. American Eagle Outfitters’s revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts anticipate that American Eagle Outfitters will post 1.75 EPS for the current year.
American Eagle Outfitters Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 12th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Friday, July 12th. American Eagle Outfitters’s dividend payout ratio (DPR) is 45.05%.
Insider Buying and Selling at American Eagle Outfitters
In other news, Director Cary D. Mcmillan sold 2,577 shares of American Eagle Outfitters stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $20.93, for a total transaction of $53,936.61. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.30% of the stock is currently owned by corporate insiders.
Institutional Trading of American Eagle Outfitters
A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in American Eagle Outfitters by 1,050.5% during the 4th quarter. Wellington Management Group LLP now owns 2,681,465 shares of the apparel retailer’s stock valued at $56,740,000 after acquiring an additional 2,448,400 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in American Eagle Outfitters in the first quarter worth about $61,315,000. Victory Capital Management Inc. increased its holdings in American Eagle Outfitters by 165.4% in the second quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock valued at $62,034,000 after buying an additional 1,936,938 shares during the last quarter. Principal Financial Group Inc. increased its holdings in American Eagle Outfitters by 179.1% in the second quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock valued at $53,722,000 after buying an additional 1,726,982 shares during the last quarter. Finally, Norges Bank acquired a new stake in American Eagle Outfitters during the fourth quarter valued at approximately $20,917,000. Institutional investors and hedge funds own 97.33% of the company’s stock.
About American Eagle Outfitters
American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.
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