American Eagle Outfitters (AEO) Receives Consensus Rating of “Hold” from Brokerages
Shares of American Eagle Outfitters (NYSE:AEO) have been given a consensus recommendation of “Hold” by the twenty-three ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $15.56.
AEO has been the topic of several analyst reports. ValuEngine cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. B. Riley boosted their target price on shares of American Eagle Outfitters from $15.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Royal Bank of Canada set a $14.00 target price on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Tuesday, August 29th. Finally, Cowen restated an “outperform” rating and issued a $16.00 target price (up previously from $14.00) on shares of American Eagle Outfitters in a report on Monday, October 2nd.
In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 13,500 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $14.22, for a total value of $191,970.00. Following the completion of the sale, the insider now directly owns 27,531 shares of the company’s stock, valued at approximately $391,490.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.80% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of American Eagle Outfitters by 9.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,914,649 shares of the apparel retailer’s stock valued at $113,179,000 after buying an additional 693,993 shares in the last quarter. LSV Asset Management lifted its stake in American Eagle Outfitters by 1.1% in the 2nd quarter. LSV Asset Management now owns 7,339,955 shares of the apparel retailer’s stock worth $88,446,000 after purchasing an additional 76,600 shares in the last quarter. Hamlin Capital Management LLC lifted its stake in American Eagle Outfitters by 16.4% in the 3rd quarter. Hamlin Capital Management LLC now owns 6,677,523 shares of the apparel retailer’s stock worth $95,489,000 after purchasing an additional 940,045 shares in the last quarter. State Street Corp lifted its stake in American Eagle Outfitters by 4.5% in the 2nd quarter. State Street Corp now owns 6,011,488 shares of the apparel retailer’s stock worth $72,433,000 after purchasing an additional 258,845 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in American Eagle Outfitters by 4.0% in the 2nd quarter. Northern Trust Corp now owns 3,300,280 shares of the apparel retailer’s stock worth $39,768,000 after purchasing an additional 128,068 shares in the last quarter. 83.20% of the stock is owned by hedge funds and other institutional investors.
American Eagle Outfitters (AEO) traded down $0.08 during midday trading on Monday, hitting $18.85. 1,775,600 shares of the stock were exchanged, compared to its average volume of 4,593,975. American Eagle Outfitters has a 52 week low of $10.23 and a 52 week high of $19.04. The firm has a market capitalization of $3,330.00, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.87 and a beta of 1.19.
American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The firm had revenue of $960.00 million during the quarter, compared to the consensus estimate of $960.86 million. American Eagle Outfitters had a net margin of 6.64% and a return on equity of 22.35%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $0.41 earnings per share. research analysts predict that American Eagle Outfitters will post 1.16 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, December 14th. American Eagle Outfitters’s payout ratio is 54.95%.
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About American Eagle Outfitters
American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
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