BlueFin Research downgraded shares of American Eagle Outfitters Inc. (NYSE:AEO) from an outperform rating to a market perform rating in a research report released on Monday morning.

AEO has been the topic of several other reports. B. Riley reiterated a buy rating and set a $22.00 price target on shares of American Eagle Outfitters in a research report on Thursday, August 18th. Jefferies Group reiterated a buy rating on shares of American Eagle Outfitters in a research report on Sunday, September 4th. FBR & Co lifted their price target on American Eagle Outfitters from $19.00 to $22.00 and gave the company an outperform rating in a research report on Thursday, August 18th. SunTrust Banks Inc. lifted their target price on American Eagle Outfitters from $19.00 to $22.00 and gave the stock a buy rating in a report on Thursday, August 18th. Finally, Nomura lifted their target price on American Eagle Outfitters from $16.00 to $17.00 and gave the stock a neutral rating in a report on Thursday, August 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $19.45.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

Shares of American Eagle Outfitters (NYSE:AEO) opened at 16.93 on Monday. The stock has a market capitalization of $3.08 billion, a P/E ratio of 13.47 and a beta of 0.86. The stock has a 50 day moving average price of $17.30 and a 200 day moving average price of $16.79. American Eagle Outfitters has a 12 month low of $12.78 and a 12 month high of $19.55.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, August 17th. The apparel retailer reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm 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 firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 EPS. On average, analysts anticipate that American Eagle Outfitters will post $1.31 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 21st. Investors of record on Friday, October 7th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, October 5th. This represents a $0.50 annualized dividend and a yield of 2.95%. American Eagle Outfitters’s dividend payout ratio is 40.00%.

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

Several large investors have recently added to or reduced their stakes in AEO. Invictus RG bought a new stake in American Eagle Outfitters during the first quarter valued at $105,000. Smith Asset Management Group LP raised its stake in American Eagle Outfitters by 8,589.7% in the second quarter. Smith Asset Management Group LP now owns 6,778 shares of the apparel retailer’s stock valued at $108,000 after buying an additional 6,700 shares in the last quarter. Huntington National Bank bought a new stake in American Eagle Outfitters during the second quarter valued at $129,000. Canada Pension Plan Investment Board raised its stake in American Eagle Outfitters by 27.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,900 shares of the apparel retailer’s stock valued at $148,000 after buying an additional 1,900 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in American Eagle Outfitters by 66.7% in the second quarter. LS Investment Advisors LLC now owns 10,155 shares of the apparel retailer’s stock valued at $162,000 after buying an additional 4,063 shares in the last quarter. Institutional investors own 96.31% 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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