American Eagle Outfitters (NYSE:AEO) Price Target Raised to $18.00

American Eagle Outfitters (NYSE:AEO) had its target price boosted by Citigroup from $15.00 to $18.00 in a research note issued to investors on Tuesday,Benzinga reports. Citigroup currently has a neutral rating on the apparel retailer’s stock.

A number of other analysts also recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of American Eagle Outfitters in a research report on Wednesday, October 8th. Zacks Research upgraded shares of American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Morgan Stanley boosted their target price on American Eagle Outfitters from $10.00 to $17.00 and gave the stock an “equal weight” rating in a report on Thursday, September 18th. Barclays upped their target price on American Eagle Outfitters from $9.00 to $14.00 and gave the stock an “underweight” rating in a research report on Thursday, September 4th. Finally, UBS Group increased their price target on American Eagle Outfitters from $19.00 to $21.50 and gave the company a “buy” rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.06.

American Eagle Outfitters Trading Down 1.7%

Shares of AEO stock opened at $17.50 on Tuesday. American Eagle Outfitters has a 1 year low of $9.27 and a 1 year high of $20.55. The firm has a market capitalization of $2.96 billion, a PE ratio of 16.83 and a beta of 1.58. The stock has a fifty day moving average of $17.11 and a two-hundred day moving average of $13.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.71 and a current ratio of 1.62.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.25. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.23 billion. American Eagle Outfitters had a return on equity of 13.67% and a net margin of 3.74%.The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. As a group, research analysts expect that American Eagle Outfitters will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 29th. Stockholders of record on Friday, October 10th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.9%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 48.08%.

Insiders Place Their Bets

In related news, Director Cary D. Mcmillan sold 9,002 shares of American Eagle Outfitters stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.11, for a total value of $163,026.22. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Noel Joseph Spiegel sold 40,000 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.12, for a total value of $724,800.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 138,766 shares of company stock worth $2,515,354. Corporate insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of American Eagle Outfitters during the second quarter valued at approximately $35,000. Strs Ohio acquired a new position in American Eagle Outfitters in the 3rd quarter worth approximately $36,000. Federated Hermes Inc. grew its position in American Eagle Outfitters by 151.0% during the 2nd quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock worth $37,000 after purchasing an additional 2,315 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in American Eagle Outfitters during the 3rd quarter valued at $39,000. Finally, Hantz Financial Services Inc. raised its stake in American Eagle Outfitters by 41.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,094 shares of the apparel retailer’s stock valued at $53,000 after purchasing an additional 906 shares during the period. 97.33% of the stock is currently owned by institutional investors and hedge funds.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.