American Eagle Outfitters’ (AEO) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of American Eagle Outfitters (NYSE:AEO) in a research note published on Wednesday morning,Benzinga reports. The firm currently has a $23.00 target price on the apparel retailer’s stock.

Several other equities research analysts also recently issued reports on AEO. TD Cowen decreased their price target on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. UBS Group reduced their target price on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Jefferies Financial Group dropped their price target on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. Barclays cut their price target on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Finally, StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.00.

American Eagle Outfitters Price Performance

NYSE:AEO opened at $19.25 on Wednesday. American Eagle Outfitters has a one year low of $16.88 and a one year high of $26.44. The company has a market cap of $3.70 billion, a PE ratio of 15.27, a PEG ratio of 0.93 and a beta of 1.52. The firm has a 50-day moving average of $19.81 and a 200-day moving average of $20.64.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. On average, equities research analysts expect that American Eagle Outfitters will post 1.77 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio is currently 40.00%.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director David M. Sable sold 18,420 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $22.04, for a total transaction of $405,976.80. Following the sale, the director now directly owns 39,356 shares of the company’s stock, valued at $867,406.24. This represents a 31.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The disclosure for this sale can be found here. Insiders sold a total of 1,050,702 shares of company stock worth $21,148,718 in the last quarter. Insiders own 7.30% of the company’s stock.

Institutional Trading of American Eagle Outfitters

Institutional investors have recently modified their holdings of the business. Congress Asset Management Co. bought a new position in American Eagle Outfitters in the 3rd quarter worth about $119,691,000. Victory Capital Management Inc. boosted its position in shares of 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 acquiring an additional 1,936,938 shares during the period. Principal Financial Group Inc. grew its stake in American Eagle Outfitters by 179.1% during 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 acquiring an additional 1,726,982 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in American Eagle Outfitters by 36.4% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock worth $64,727,000 after acquiring an additional 865,355 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in American Eagle Outfitters in the 2nd quarter worth approximately $16,861,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

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.