Jefferies Group LLC set a $18.00 price target on American Eagle Outfitters, Inc. (NYSE:AEO) in a report published on Sunday. The brokerage currently has a buy rating on the apparel retailer’s stock.

A number of other equities research analysts have also recently commented on the stock. FBR & Co reaffirmed a buy rating and issued a $15.00 target price (up from $13.00) on shares of American Eagle Outfitters in a report on Tuesday, September 5th. ValuEngine cut shares of American Eagle Outfitters from a buy rating to a hold rating in a report on Friday, September 1st. Royal Bank Of Canada set a $14.00 target price on shares of American Eagle Outfitters and gave the company a buy rating in a report on Tuesday, August 29th. Zacks Investment Research raised shares of American Eagle Outfitters from a sell rating to a hold rating in a report on Friday, August 25th. Finally, J P Morgan Chase & Co reaffirmed a neutral rating and issued a $13.00 target price (up from $12.00) on shares of American Eagle Outfitters in a report on Thursday, August 24th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $14.84.

Shares of American Eagle Outfitters (NYSE AEO) opened at 13.38 on Friday. The firm’s 50-day moving average price is $11.87 and its 200 day moving average price is $12.63. The firm has a market capitalization of $2.37 billion, a P/E ratio of 13.74 and a beta of 1.07. American Eagle Outfitters has a 12 month low of $10.23 and a 12 month high of $19.02.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. The firm had revenue of $845.00 million during the quarter, compared to analysts’ expectations of $823.84 million. During the same period in the previous year, the company earned $0.23 earnings per share. American Eagle Outfitters’s quarterly revenue was up 2.7% compared to the same quarter last year. Analysts anticipate that American Eagle Outfitters will post $1.13 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and republished in violation of U.S. and international copyright and trademark law. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/09/14/american-eagle-outfitters-inc-aeo-given-a-18-00-price-target-at-jefferies-group-llc.html.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.50 annualized dividend and a yield of 3.74%. American Eagle Outfitters’s payout ratio is currently 51.55%.

Hedge funds have recently added to or reduced their stakes in the company. Glen Harbor Capital Management LLC grew 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 valued at $102,000 after purchasing an additional 154 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of American Eagle Outfitters by 58.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,804 shares of the apparel retailer’s stock valued at $109,000 after purchasing an additional 2,877 shares during the last quarter. Elkfork Partners LLC grew 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 valued at $129,000 after purchasing an additional 196 shares during the last quarter. Ronald Blue & Co. LLC grew its position in shares of American Eagle Outfitters by 3.1% in the second quarter. Ronald Blue & Co. LLC now owns 10,476 shares of the apparel retailer’s stock valued at $126,000 after purchasing an additional 311 shares during the last quarter. Finally, FNY Managed Accounts LLC acquired a new stake in shares of American Eagle Outfitters in the first quarter valued at approximately $147,000. Institutional investors and hedge funds own 83.88% 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.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

Receive News & Stock Ratings for American Eagle Outfitters Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters Inc. and related stocks with our FREE daily email newsletter.