Analysts Set American Eagle Outfitters, Inc. (NYSE:AEO) PT at $21.00

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been assigned an average rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $21.00.

Several brokerages have issued reports on AEO. Raymond James assumed coverage on American Eagle Outfitters in a research note on Friday, December 13th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. dropped their price target on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Morgan Stanley downgraded American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $19.00 to $17.00 in a report on Wednesday, February 5th. Jefferies Financial Group dropped their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, November 12th. Finally, Telsey Advisory Group lowered their price target on American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating for the company in a research report on Tuesday, January 14th.

American Eagle Outfitters Price Performance

Shares of AEO stock opened at $15.59 on Friday. American Eagle Outfitters has a 1 year low of $15.36 and a 1 year high of $26.44. The company’s fifty day simple moving average is $16.86 and its two-hundred day simple moving average is $19.02. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 0.95 and a beta of 1.53.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the company earned $0.49 EPS. The firm’s revenue was down .9% compared to the same quarter last year. Equities research analysts anticipate that American Eagle Outfitters will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Friday, January 10th. American Eagle Outfitters’s payout ratio is currently 42.74%.

Insider Transactions at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,999 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

Hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its position in shares of American Eagle Outfitters by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 103,514 shares of the apparel retailer’s stock worth $2,066,000 after buying an additional 3,925 shares in the last quarter. Diversified Trust Co raised its position in American Eagle Outfitters by 4.3% during the 3rd quarter. Diversified Trust Co now owns 35,395 shares of the apparel retailer’s stock valued at $792,000 after purchasing an additional 1,443 shares in the last quarter. CWM LLC lifted its stake in American Eagle Outfitters by 319.2% in the third quarter. CWM LLC now owns 11,162 shares of the apparel retailer’s stock worth $250,000 after acquiring an additional 8,499 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of American Eagle Outfitters by 24.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 66,100 shares of the apparel retailer’s stock valued at $1,480,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Gateway Investment Advisers LLC purchased a new position in shares of American Eagle Outfitters in the 3rd quarter valued at $213,000. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

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.