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

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have earned an average rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $25.75.

Several equities research analysts recently issued reports on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price target on shares of American Eagle Outfitters in a research note on Wednesday. Barclays reduced their target price on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. TD Cowen dropped their price target on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, August 30th. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, UBS Group decreased their target price on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, August 30th.

American Eagle Outfitters Trading Up 2.3 %

NYSE:AEO opened at $22.15 on Friday. The stock has a 50 day simple moving average of $20.80 and a 200 day simple moving average of $21.94. American Eagle Outfitters has a 1-year low of $15.68 and a 1-year high of $26.44. The stock has a market cap of $4.35 billion, a P/E ratio of 19.95, a PEG ratio of 1.01 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the firm earned $0.25 earnings per share. American Eagle Outfitters’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, sell-side analysts forecast that American Eagle Outfitters will post 1.78 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Friday, October 11th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, October 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 45.05%.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total value of $20,039,979.96. Following the sale, the chief executive officer now owns 1,771,851 shares in the company, valued at $35,507,894.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Jay L. Schottenstein sold 999,999 shares of American Eagle Outfitters stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the sale, the chief executive officer now directly owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Cary D. Mcmillan sold 2,577 shares of the company’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 disclosure for this sale can be found here. Insiders sold a total of 1,050,996 shares of company stock valued at $21,153,593 in the last quarter. Insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

A number of hedge funds have recently modified their holdings of the business. Canandaigua National Bank & Trust Co. bought a new position in American Eagle Outfitters during the 3rd quarter worth $331,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of American Eagle Outfitters in the second quarter worth approximately $291,000. Dana Investment Advisors Inc. boosted its holdings in American Eagle Outfitters by 10.9% in the second quarter. Dana Investment Advisors Inc. now owns 66,708 shares of the apparel retailer’s stock valued at $1,331,000 after acquiring an additional 6,558 shares during the last quarter. Impala Asset Management LLC acquired a new stake in American Eagle Outfitters during the 2nd quarter valued at approximately $5,489,000. Finally, Shellback Capital LP raised its holdings in American Eagle Outfitters by 40.0% during the 2nd quarter. Shellback Capital LP now owns 875,000 shares of the apparel retailer’s stock worth $17,465,000 after purchasing an additional 250,000 shares during the last quarter. Institutional investors and hedge funds 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.