ValuEngine upgraded shares of American Eagle Outfitters, Inc. (NYSE:AEO) from a hold rating to a buy rating in a research report sent to investors on Thursday, July 6th.

Several other brokerages have also commented on AEO. B. Riley restated a neutral rating and set a $12.50 price target on shares of American Eagle Outfitters in a research note on Thursday, May 18th. SunTrust Banks, Inc. restated a buy rating and set a $15.00 price target (down from $19.00) on shares of American Eagle Outfitters in a research note on Friday, May 19th. Royal Bank Of Canada set a $14.00 price target on American Eagle Outfitters and gave the stock a buy rating in a research note on Monday, June 19th. Morgan Stanley reiterated an underweight rating and issued a $10.00 target price (down previously from $13.00) on shares of American Eagle Outfitters in a research note on Friday, May 19th. Finally, Jefferies Group LLC reiterated a buy rating and issued a $19.00 target price on shares of American Eagle Outfitters in a research note on Tuesday, April 4th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. American Eagle Outfitters has a consensus rating of Hold and a consensus target price of $15.73.

Shares of American Eagle Outfitters (AEO) traded up 1.245% during mid-day trading on Thursday, hitting $11.795. The company’s stock had a trading volume of 2,014,802 shares. The stock has a 50-day moving average of $11.69 and a 200-day moving average of $13.30. American Eagle Outfitters has a 12-month low of $10.56 and a 12-month high of $19.55. The company has a market cap of $2.09 billion, a PE ratio of 10.911 and a beta of 1.09.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, May 17th. The apparel retailer reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.01. American Eagle Outfitters had a return on equity of 18.95% and a net margin of 5.44%. The business had revenue of $761.80 million for the quarter, compared to analysts’ expectations of $741.76 million. During the same quarter last year, the company posted $0.22 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts forecast that American Eagle Outfitters will post $1.09 EPS for the current year.

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The company also recently declared a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend was Wednesday, July 5th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 46.30%.

Several institutional investors have recently modified their holdings of the stock. Capstone Asset Management Co. boosted its position in shares of American Eagle Outfitters by 0.4% in the first quarter. Capstone Asset Management Co. now owns 15,667 shares of the apparel retailer’s stock valued at $220,000 after buying an additional 60 shares during the period. Glen Harbor Capital Management LLC boosted its position in shares of American Eagle Outfitters by 2.2% in the first quarter. Glen Harbor Capital Management LLC now owns 7,238 shares of the apparel retailer’s stock worth $102,000 after buying an additional 154 shares during the last quarter. Elkfork Partners LLC boosted its position in shares of American Eagle Outfitters by 2.2% in the first quarter. Elkfork Partners LLC now owns 9,212 shares of the apparel retailer’s stock worth $129,000 after buying an additional 196 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of American Eagle Outfitters by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 43,400 shares of the apparel retailer’s stock worth $523,000 after buying an additional 200 shares during the last quarter. Finally, Foundry Partners LLC boosted its position in shares of American Eagle Outfitters by 0.3% in the first quarter. Foundry Partners LLC now owns 85,686 shares of the apparel retailer’s stock worth $1,202,000 after buying an additional 226 shares during the last quarter. Institutional investors own 89.88% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

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Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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