American Eagle Outfitters, Inc. (NYSE:AEO) – Investment analysts at B. Riley raised their Q3 2018 earnings per share estimates for shares of American Eagle Outfitters in a research note issued to investors on Friday. B. Riley analyst S. Anderson now forecasts that the apparel retailer will post earnings of $0.38 per share for the quarter, up from their previous forecast of $0.37. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for American Eagle Outfitters’ FY2018 earnings at $1.13 EPS.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. American Eagle Outfitters had a return on equity of 18.25% and a net margin of 4.85%. The company had revenue of $845.00 million during the quarter, compared to analysts’ expectations of $823.84 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year.

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AEO has been the subject of several other research reports. Royal Bank Of Canada restated a “buy” rating and issued a $14.00 price objective on shares of American Eagle Outfitters in a report on Monday, July 24th. Cowen and Company set a $14.00 price objective on American Eagle Outfitters and gave the company a “buy” rating in a report on Wednesday, August 23rd. SunTrust Banks, Inc. set a $15.00 price objective on American Eagle Outfitters and gave the company a “buy” rating in a report on Thursday, August 24th. BMO Capital Markets set a $15.00 price objective on American Eagle Outfitters and gave the company a “buy” rating in a report on Tuesday, August 8th. Finally, Jefferies Group LLC set a $18.00 price objective on American Eagle Outfitters and gave the company a “buy” rating in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $14.57.

American Eagle Outfitters (AEO) opened at $13.98 on Monday. American Eagle Outfitters has a 52 week low of $10.23 and a 52 week high of $19.00. The stock has a market capitalization of $2,475.15, a price-to-earnings ratio of 12.16, a PEG ratio of 1.41 and a beta of 1.10.

A number of hedge funds have recently modified their holdings of AEO. Thrivent Financial For Lutherans increased its position in American Eagle Outfitters by 10.6% in the 1st quarter. Thrivent Financial For Lutherans now owns 32,350 shares of the apparel retailer’s stock worth $454,000 after purchasing an additional 3,110 shares during the last quarter. HighTower Advisors LLC increased its position in American Eagle Outfitters by 2.0% in the 1st quarter. HighTower Advisors LLC now owns 14,893 shares of the apparel retailer’s stock worth $210,000 after purchasing an additional 290 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in American Eagle Outfitters in the 1st quarter worth about $502,000. OLD National Bancorp IN increased its position in American Eagle Outfitters by 23.6% in the 2nd quarter. OLD National Bancorp IN now owns 19,529 shares of the apparel retailer’s stock worth $235,000 after purchasing an additional 3,727 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in American Eagle Outfitters by 4.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 63,158 shares of the apparel retailer’s stock worth $761,000 after purchasing an additional 2,583 shares during the last quarter. 83.47% of the stock is currently owned by institutional investors.

In related news, insider Jennifer M. Foyle sold 13,500 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $14.22, for a total transaction of $191,970.00. Following the transaction, the insider now directly owns 27,531 shares of the company’s stock, valued at $391,490.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.90% of the stock is currently owned by insiders.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Thursday, October 5th. American Eagle Outfitters’s payout ratio is 51.55%.

American Eagle Outfitters Company Profile

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.

Earnings History and Estimates for American Eagle Outfitters (NYSE:AEO)

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