American Eagle Outfitters, Inc. (NYSE:AEO) Receives Average Recommendation of “Hold” from Brokerages

American Eagle Outfitters, Inc. (NYSE:AEO) has been assigned an average rating of “Hold” from the nine research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $25.00.

Several analysts have commented on the company. StockNews.com upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Monday, May 27th. Morgan Stanley dropped their price target on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Thursday, May 30th. Barclays raised their price target on American Eagle Outfitters from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. JPMorgan Chase & Co. upgraded American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price target on the stock in a research note on Tuesday, April 9th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $25.00 price target on shares of American Eagle Outfitters in a research note on Thursday, May 30th.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 1,908 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $24.59, for a total value of $46,917.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 1,908 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $24.59, for a total transaction of $46,917.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jennifer M. Foyle sold 16,971 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $25.53, for a total value of $433,269.63. Following the sale, the insider now directly owns 226,497 shares in the company, valued at $5,782,468.41. The disclosure for this sale can be found here. 7.30% of the stock is owned by insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Institutional investors and hedge funds have recently bought and sold shares of the business. Vista Investment Partners LLC bought a new stake in shares of American Eagle Outfitters in the first quarter worth about $413,000. Comerica Bank increased its holdings in shares of American Eagle Outfitters by 20.5% in the first quarter. Comerica Bank now owns 104,701 shares of the apparel retailer’s stock worth $2,700,000 after purchasing an additional 17,836 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of American Eagle Outfitters by 1.3% in the first quarter. Tidal Investments LLC now owns 132,994 shares of the apparel retailer’s stock worth $3,430,000 after purchasing an additional 1,666 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of American Eagle Outfitters in the first quarter worth about $598,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of American Eagle Outfitters by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 112,685 shares of the apparel retailer’s stock worth $2,907,000 after purchasing an additional 6,940 shares during the last quarter. 97.33% of the stock is owned by institutional investors.

American Eagle Outfitters Trading Down 0.5 %

Shares of AEO opened at $20.60 on Thursday. The business’s fifty day simple moving average is $22.64 and its two-hundred day simple moving average is $22.39. American Eagle Outfitters has a 12 month low of $11.48 and a 12 month high of $26.44. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 1.00 and a beta of 1.49.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, May 29th. The apparel retailer reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. American Eagle Outfitters had a return on equity of 19.39% and a net margin of 4.12%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business posted $0.17 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. As a group, research analysts forecast that American Eagle Outfitters will post 1.75 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.50 dividend on an annualized basis and a yield of 2.43%. American Eagle Outfitters’s dividend payout ratio is currently 45.05%.

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.