American Eagle Outfitters, Inc. (NYSE:AEO) Receives $19.91 Consensus Price Target from Brokerages

American Eagle Outfitters, Inc. (NYSE:AEO) has earned a consensus rating of “Hold” from the fifteen analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $19.9091.

A number of research firms recently commented on AEO. UBS Group reiterated a “buy” rating on shares of American Eagle Outfitters in a research report on Wednesday, July 15th. Weiss Ratings cut American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Barclays reduced their price objective on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. Citigroup decreased their price objective on American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, June 1st. Finally, Bank of America lowered their target price on American Eagle Outfitters from $20.00 to $16.00 and set an “underperform” rating for the company in a research report on Friday, May 29th.

American Eagle Outfitters Stock Performance

Shares of NYSE AEO opened at $17.10 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.53 and a current ratio of 1.55. The company has a market cap of $2.86 billion, a P/E ratio of 10.55, a P/E/G ratio of 3.89 and a beta of 1.31. The firm’s fifty day moving average is $17.03 and its two-hundred day moving average is $19.53. American Eagle Outfitters has a 52-week low of $10.29 and a 52-week high of $28.46.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company earned ($0.29) EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, analysts anticipate that American Eagle Outfitters will post 1.76 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, July 10th. American Eagle Outfitters’s payout ratio is currently 30.86%.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,892 shares of American Eagle Outfitters stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total value of $48,498.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Noel Joseph Spiegel sold 2,892 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total transaction of $48,527.76. The disclosure for this sale is available in the SEC filing. 8.95% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Marshall Wace LLP increased its stake in American Eagle Outfitters by 920.6% during the third quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock worth $94,066,000 after acquiring an additional 4,959,039 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in American Eagle Outfitters by 162.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock valued at $105,818,000 after purchasing an additional 3,926,230 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of American Eagle Outfitters in the 4th quarter valued at approximately $40,954,000. Lazard Asset Management LLC lifted its stake in shares of American Eagle Outfitters by 794.3% in the 1st quarter. Lazard Asset Management LLC now owns 1,296,011 shares of the apparel retailer’s stock valued at $21,643,000 after purchasing an additional 1,151,091 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of American Eagle Outfitters in the 1st quarter worth approximately $16,223,000. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.