BMO Capital Markets upgraded shares of American Eagle Outfitters Inc. (NYSE:AEO) from a market perform rating to an outperform rating in a research report released on Monday. They currently have $21.00 price target on the apparel retailer’s stock, up from their previous price target of $18.00. The analysts noted that the move was a valuation call.

A number of other research firms have also issued reports on AEO. Wunderlich upgraded American Eagle Outfitters from a hold rating to a buy rating and increased their target price for the company from $13.00 to $22.00 in a research note on Thursday, August 11th. FBR & Co upgraded American Eagle Outfitters from a market perform rating to an outperform rating and increased their target price for the company from $17.00 to $19.00 in a research note on Thursday, August 25th. B. Riley reiterated a buy rating and issued a $22.00 target price on shares of American Eagle Outfitters in a research note on Thursday, August 18th. Telsey Advisory Group increased their target price on American Eagle Outfitters from $18.00 to $22.00 and gave the company a market perform rating in a research note on Monday, August 15th. Finally, Vetr upgraded American Eagle Outfitters from a hold rating to a buy rating and set a $15.50 target price for the company in a research note on Tuesday, June 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $19.45.

Shares of American Eagle Outfitters (NYSE:AEO) traded down 0.95% during midday trading on Monday, reaching $17.75. The company’s stock had a trading volume of 270,055 shares. American Eagle Outfitters has a 1-year low of $12.78 and a 1-year high of $19.55. The company’s 50-day moving average price is $18.20 and its 200 day moving average price is $16.64. The firm has a market capitalization of $3.23 billion, a PE ratio of 14.12 and a beta of 0.89.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, August 17th. The apparel retailer reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $823 million for the quarter, compared to the consensus estimate of $818.10 million. American Eagle Outfitters had a return on equity of 21.00% and a net margin of 6.61%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS. On average, equities research analysts forecast that American Eagle Outfitters will post $1.31 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.50 annualized dividend and a yield of 2.79%. American Eagle Outfitters’s dividend payout ratio is 40.00%.

In related news, COO Michael R. Rempell sold 83,141 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $18.68, for a total transaction of $1,553,073.88. Following the transaction, the chief operating officer now directly owns 196,868 shares in the company, valued at $3,677,494.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael R. Rempell sold 50,826 shares of the business’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $18.84, for a total value of $957,561.84. Following the transaction, the chief operating officer now owns 106,077 shares in the company, valued at $1,998,490.68. The disclosure for this sale can be found here. Corporate insiders own 5.80% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in American Eagle Outfitters by 3.9% in the first quarter. Geode Capital Management LLC now owns 1,974,429 shares of the apparel retailer’s stock valued at $32,913,000 after buying an additional 74,554 shares in the last quarter. Emerald Advisers Inc. PA raised its stake in American Eagle Outfitters by 1.5% in the second quarter. Emerald Advisers Inc. PA now owns 1,328,149 shares of the apparel retailer’s stock valued at $21,157,000 after buying an additional 19,020 shares in the last quarter. Hamlin Capital Management LLC raised its stake in American Eagle Outfitters by 13.8% in the second quarter. Hamlin Capital Management LLC now owns 4,601,788 shares of the apparel retailer’s stock valued at $73,306,000 after buying an additional 556,632 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in American Eagle Outfitters by 53.1% in the first quarter. Loomis Sayles & Co. L P now owns 11,823 shares of the apparel retailer’s stock valued at $197,000 after buying an additional 4,101 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. raised its stake in American Eagle Outfitters by 17.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 427,100 shares of the apparel retailer’s stock valued at $6,804,000 after buying an additional 63,500 shares in the last quarter. Hedge funds and other institutional investors own 95.05% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (AEO Inc) is a specialty retailer, operating over 1,000 retail stores and online at ae.com and aerie.com in the United States and internationally. The Company operates in the segment of American Eagle Outfitters Brand (AEO Brand) retail stores, Aerie by American Eagle Outfitters retail stores and AEO Direct.

5 Day Chart for NYSE:AEO

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