American Eagle Outfitters, Inc. (NYSE:AEO) Receives $16.00 Consensus Target Price from Analysts

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have received an average recommendation of “Hold” from the eleven research firms that are covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $16.00.

AEO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th. BMO Capital Markets restated a “market perform” rating and set a $15.00 price objective (down from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday, March 11th. UBS Group dropped their target price on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Finally, Morgan Stanley reduced their price target on shares of American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.30% of the stock is owned by company insiders.

Institutional Trading of American Eagle Outfitters

Several institutional investors have recently made changes to their positions in AEO. Dimensional Fund Advisors LP increased its stake in American Eagle Outfitters by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,223,953 shares of the apparel retailer’s stock worth $170,431,000 after acquiring an additional 413,193 shares during the last quarter. Wellington Management Group LLP increased its position in shares of American Eagle Outfitters by 1.9% during the 4th quarter. Wellington Management Group LLP now owns 9,933,628 shares of the apparel retailer’s stock worth $165,594,000 after purchasing an additional 184,067 shares during the last quarter. American Century Companies Inc. raised its holdings in American Eagle Outfitters by 9.4% in the 4th quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer’s stock valued at $91,774,000 after buying an additional 472,683 shares during the period. Principal Financial Group Inc. lifted its position in American Eagle Outfitters by 8.4% in the third quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer’s stock valued at $65,341,000 after buying an additional 226,821 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in American Eagle Outfitters by 15.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer’s stock worth $47,976,000 after buying an additional 381,047 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock opened at $10.93 on Friday. The firm has a 50-day simple moving average of $13.38 and a two-hundred day simple moving average of $16.80. American Eagle Outfitters has a fifty-two week low of $9.80 and a fifty-two week high of $25.50. The company has a market cap of $1.88 billion, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 0.82 and a beta of 1.40.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 29.76%.

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.