American Eagle Outfitters, Inc. (NYSE:AEO) Receives $22.40 Consensus PT from Analysts

American Eagle Outfitters, Inc. (NYSE:AEO) has been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $22.40.

AEO has been the subject of several analyst reports. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Bank of America lowered their target price on shares of American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. Jefferies Financial Group cut their price target on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Barclays decreased their price objective on American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Finally, BMO Capital Markets dropped their target price on American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, December 5th.

Insider Buying and Selling

In other news, Director Cary D. Mcmillan sold 2,283 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total value of $49,061.67. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David M. Sable sold 18,420 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $22.04, for a total value of $405,976.80. Following the sale, the director now directly owns 39,356 shares in the company, valued at approximately $867,406.24. This trade represents a 31.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,703 shares of company stock worth $1,108,738. 7.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Eagle Outfitters

A number of hedge funds and other institutional investors have recently made changes to their positions in AEO. Kathleen S. Wright Associates Inc. acquired a new position in shares of American Eagle Outfitters in the 3rd quarter valued at $32,000. Advisors Asset Management Inc. raised its position in shares of American Eagle Outfitters by 171.1% in the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after acquiring an additional 1,608 shares during the period. Innealta Capital LLC acquired a new position in shares of American Eagle Outfitters in the second quarter worth about $78,000. nVerses Capital LLC purchased a new stake in shares of American Eagle Outfitters during the 2nd quarter worth about $108,000. Finally, Picton Mahoney Asset Management acquired a new stake in shares of American Eagle Outfitters during the 2nd quarter valued at about $140,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Stock Down 1.6 %

Shares of NYSE:AEO opened at $16.51 on Thursday. The firm has a 50 day moving average of $18.50 and a 200 day moving average of $19.92. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. American Eagle Outfitters has a 52 week low of $16.20 and a 52 week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the company posted $0.49 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. On average, sell-side analysts expect that American Eagle Outfitters will post 1.69 EPS for the current year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a $0.125 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a yield of 3.03%. American Eagle Outfitters’s dividend payout ratio is currently 42.74%.

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.