Wall Street analysts expect American Eagle Outfitters (NYSE:AEO) to post $937.12 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for American Eagle Outfitters’ earnings, with the highest sales estimate coming in at $954.93 million and the lowest estimate coming in at $906.36 million. American Eagle Outfitters posted sales of $844.56 million in the same quarter last year, which suggests a positive year over year growth rate of 11%. The firm is scheduled to issue its next earnings report on Wednesday, August 22nd.

According to Zacks, analysts expect that American Eagle Outfitters will report full-year sales of $3.96 billion for the current financial year, with estimates ranging from $3.87 billion to $4.04 billion. For the next year, analysts anticipate that the company will post sales of $4.12 billion per share, with estimates ranging from $3.94 billion to $4.29 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover American Eagle Outfitters.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Thursday, May 31st. The apparel retailer reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. American Eagle Outfitters had a return on equity of 18.65% and a net margin of 5.67%. The business had revenue of $823.00 million for the quarter, compared to the consensus estimate of $811.46 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. American Eagle Outfitters’s revenue for the quarter was up 8.0% compared to the same quarter last year.

AEO has been the topic of a number of recent research reports. Jefferies Financial Group restated a “buy” rating and issued a $24.00 target price on shares of American Eagle Outfitters in a research note on Friday, February 23rd. ValuEngine upgraded American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 2nd. Zacks Investment Research downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Loop Capital initiated coverage on American Eagle Outfitters in a research note on Thursday, March 22nd. They issued a “buy” rating and a $25.00 target price on the stock. Finally, B. Riley restated a “buy” rating and issued a $22.00 target price (up previously from $20.00) on shares of American Eagle Outfitters in a research note on Thursday, March 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. American Eagle Outfitters presently has an average rating of “Hold” and an average target price of $20.56.

NYSE AEO traded down $0.42 on Monday, reaching $23.79. The stock had a trading volume of 345,426 shares, compared to its average volume of 4,361,645. American Eagle Outfitters has a 1 year low of $10.23 and a 1 year high of $24.83. The company has a market capitalization of $4.34 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.34 and a beta of 1.04.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 27th. Stockholders of record on Friday, July 13th will be paid a dividend of $0.1375 per share. The ex-dividend date is Thursday, July 12th. This represents a $0.55 annualized dividend and a dividend yield of 2.31%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 47.41%.

In other news, COO Michael R. Rempell sold 9,467 shares of the company’s stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $20.10, for a total transaction of $190,286.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles F. Kessler sold 17,900 shares of the business’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $22.00, for a total value of $393,800.00. Following the transaction, the insider now directly owns 26,031 shares of the company’s stock, valued at approximately $572,682. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,777,675 shares of company stock valued at $65,687,457. 6.30% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in American Eagle Outfitters by 2.2% in the 1st quarter. BlackRock Inc. now owns 18,405,709 shares of the apparel retailer’s stock valued at $366,827,000 after acquiring an additional 397,453 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in American Eagle Outfitters by 6.2% in the 4th quarter. Bank of New York Mellon Corp now owns 4,977,208 shares of the apparel retailer’s stock valued at $93,573,000 after acquiring an additional 289,368 shares in the last quarter. Ceredex Value Advisors LLC acquired a new position in American Eagle Outfitters in the 1st quarter valued at approximately $60,754,000. Senvest Management LLC raised its holdings in American Eagle Outfitters by 44.1% in the 1st quarter. Senvest Management LLC now owns 2,764,500 shares of the apparel retailer’s stock valued at $55,096,000 after acquiring an additional 845,400 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in American Eagle Outfitters by 11.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,455,406 shares of the apparel retailer’s stock valued at $29,007,000 after acquiring an additional 151,830 shares in the last quarter. 85.39% of the stock is owned by institutional investors and hedge funds.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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

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