American Eagle Outfitters, Inc. (NYSE:AEO) Given Average Recommendation of “Hold” by Analysts

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $25.00.

Several analysts have weighed in on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price target on shares of American Eagle Outfitters in a research note on Wednesday, October 2nd. Jefferies Financial Group lowered their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, November 12th. UBS Group reduced their price target on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Barclays lowered their price objective on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Finally, StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd.

American Eagle Outfitters Trading Up 2.3 %

Shares of NYSE AEO opened at $17.61 on Friday. The stock’s 50-day moving average is $19.91 and its 200 day moving average is $20.77. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 0.86 and a beta of 1.52. American Eagle Outfitters has a 1-year low of $16.34 and a 1-year high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. On average, analysts forecast that American Eagle Outfitters will post 1.77 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.84%. American Eagle Outfitters’s dividend payout ratio is presently 40.00%.

Insider Activity

In related news, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the sale, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. The trade was a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jennifer M. Foyle sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total value of $653,700.00. Following the completion of the sale, the insider now owns 200,427 shares in the company, valued at $4,367,304.33. The trade was a 13.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,050,702 shares of company stock valued at $21,148,718. Corporate insiders own 7.30% of the company’s stock.

Institutional Trading of American Eagle Outfitters

Institutional investors and hedge funds have recently modified their holdings of the business. Kathleen S. Wright Associates Inc. bought a new position in American Eagle Outfitters during the 3rd quarter valued at about $32,000. Advisors Asset Management Inc. raised its holdings in shares of American Eagle Outfitters by 171.1% during the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after purchasing an additional 1,608 shares during the last quarter. Innealta Capital LLC bought a new position in American Eagle Outfitters during the second quarter valued at approximately $78,000. nVerses Capital LLC purchased a new stake in American Eagle Outfitters in the second quarter worth approximately $108,000. Finally, Picton Mahoney Asset Management bought a new stake in American Eagle Outfitters in the 2nd quarter worth approximately $140,000. Institutional investors own 97.33% of the company’s stock.

About American Eagle Outfitters

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.