American Eagle Outfitters (NYSE:AEO) PT Lowered to $26.00 at Barclays

American Eagle Outfitters (NYSE:AEO) had its price target trimmed by Barclays from $32.00 to $26.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an overweight rating on the apparel retailer’s stock.

AEO has been the topic of a number of other research reports. Morgan Stanley reduced their target price on American Eagle Outfitters from $19.00 to $18.00 and set an underweight rating on the stock in a research report on Thursday, May 30th. TD Cowen reduced their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a hold rating on the stock in a report on Friday. StockNews.com raised shares of American Eagle Outfitters from a hold rating to a buy rating in a research note on Monday, May 27th. Finally, Telsey Advisory Group reissued a market perform rating and issued a $25.00 price target on shares of American Eagle Outfitters in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $25.33.

American Eagle Outfitters Trading Down 1.0 %

Shares of AEO stock opened at $20.58 on Friday. American Eagle Outfitters has a twelve month low of $14.39 and a twelve month high of $26.44. The company’s 50-day moving average price is $20.83 and its 200-day moving average price is $22.40. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 1.01 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. American Eagle Outfitters had a net margin of 4.12% and a return on equity of 19.39%. American Eagle Outfitters’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS. As a group, equities research analysts predict that American Eagle Outfitters will post 1.75 EPS for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Friday, July 12th. American Eagle Outfitters’s payout ratio is 45.05%.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $20.93, for a total value of $53,936.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.30% of the company’s stock.

Institutional Trading of American Eagle Outfitters

Several hedge funds have recently modified their holdings of AEO. Vanguard Group Inc. grew its stake in American Eagle Outfitters by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 20,788,750 shares of the apparel retailer’s stock worth $536,142,000 after purchasing an additional 310,808 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of American Eagle Outfitters by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,003,990 shares of the apparel retailer’s stock worth $232,846,000 after buying an additional 284,965 shares in the last quarter. American Century Companies Inc. increased its stake in shares of American Eagle Outfitters by 18.1% during the second quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock worth $89,263,000 after buying an additional 684,420 shares during the period. Jupiter Asset Management Ltd. raised its holdings in American Eagle Outfitters by 36.4% in the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after acquiring an additional 865,355 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake 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 worth $62,034,000 after acquiring an additional 1,936,938 shares during the last quarter. 97.33% of the stock is currently owned by institutional investors and hedge funds.

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.