American Eagle Outfitters, Inc. (NYSE:AEO) Receives $25.00 Consensus PT from Analysts

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been assigned an average rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $25.00.

A number of research firms have issued reports on AEO. Jefferies Financial Group lowered their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, November 12th. Barclays dropped their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 price objective on shares of American Eagle Outfitters in a research note on Wednesday. TD Cowen cut their target price on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Finally, StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $18.58 on Friday. American Eagle Outfitters has a 1 year low of $16.88 and a 1 year high of $26.44. The firm has a 50 day moving average price of $19.84 and a 200 day moving average price of $20.65. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 0.93 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS. Sell-side analysts predict that American Eagle Outfitters will post 1.77 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Friday, October 11th. American Eagle Outfitters’s payout ratio is 40.00%.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director David M. Sable sold 18,420 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $22.04, for a total value of $405,976.80. Following the completion of the transaction, the director now directly owns 39,356 shares in the company, valued at $867,406.24. The trade was a 31.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the completion of the sale, the chief executive officer now directly owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,050,702 shares of company stock valued at $21,148,718. Insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

Several large investors have recently added to or reduced their stakes in the stock. Kathleen S. Wright Associates Inc. bought a new position in shares of American Eagle Outfitters during the third quarter worth about $32,000. Advisors Asset Management Inc. grew its position in American Eagle Outfitters by 171.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after purchasing an additional 1,608 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of American Eagle Outfitters in the second quarter valued at approximately $78,000. nVerses Capital LLC bought a new stake in shares of American Eagle Outfitters during the second quarter valued at approximately $108,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in American Eagle Outfitters in the 3rd quarter valued at approximately $141,000. 97.33% of the stock is 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.