American Eagle Outfitters (NYSE:AEO) Receives “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of American Eagle Outfitters (NYSE:AEO) in a research report sent to investors on Wednesday,Benzinga reports. They currently have a $23.00 target price on the apparel retailer’s stock.

A number of other equities analysts have also issued reports on the company. UBS Group reduced their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. TD Cowen reduced their price objective on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, August 30th. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Jefferies Financial Group cut their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. Finally, Barclays reduced their price target 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.00.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $18.58 on Wednesday. American Eagle Outfitters has a one year low of $16.88 and a one year high of $26.44. The stock has a market cap of $3.57 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. The stock has a 50-day moving average of $19.86 and a two-hundred day moving average of $20.66.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the business earned $0.25 EPS. American Eagle Outfitters’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, sell-side analysts predict 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. Stockholders of record on Friday, October 11th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.69%. American Eagle Outfitters’s dividend payout ratio (DPR) is 40.00%.

Insider Activity at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer M. Foyle sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total transaction of $653,700.00. Following the completion of the transaction, the insider now directly owns 200,427 shares in the company, valued at approximately $4,367,304.33. This represents a 13.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,050,702 shares of company stock valued at $21,148,718. 7.30% of the stock is owned by company insiders.

Institutional Trading of American Eagle Outfitters

A number of hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC increased its holdings in shares of American Eagle Outfitters by 76.0% in the first quarter. Lazard Asset Management LLC now owns 43,377 shares of the apparel retailer’s stock valued at $1,118,000 after purchasing an additional 18,735 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of American Eagle Outfitters by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 112,685 shares of the apparel retailer’s stock worth $2,907,000 after acquiring an additional 6,940 shares during the period. Tidal Investments LLC boosted its position in shares of American Eagle Outfitters by 1.3% during the 1st quarter. Tidal Investments LLC now owns 132,994 shares of the apparel retailer’s stock valued at $3,430,000 after acquiring an additional 1,666 shares during the last quarter. Comerica Bank grew its holdings in shares of American Eagle Outfitters by 20.5% in the first quarter. Comerica Bank now owns 104,701 shares of the apparel retailer’s stock valued at $2,700,000 after purchasing an additional 17,836 shares during the period. Finally, Burns Matteson Capital Management LLC acquired a new stake in American Eagle Outfitters during the second quarter worth about $292,000. Institutional investors and hedge funds 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.