Analysts Set American Eagle Outfitters, Inc. (NYSE:AEO) PT at $25.00

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have received an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $25.00.

Several equities analysts recently weighed in on the stock. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price objective on shares of American Eagle Outfitters in a report on Wednesday, October 2nd. TD Cowen decreased their price objective on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a report on Friday, August 30th. 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 report on Friday, August 30th. Finally, Barclays reduced their price objective on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, August 30th.

American Eagle Outfitters Price Performance

AEO stock opened at $17.89 on Friday. The business has a 50-day moving average price of $19.90 and a 200 day moving average price of $20.71. The company has a market capitalization of $3.43 billion, a P/E ratio of 14.31, a PEG ratio of 0.88 and a beta of 1.52. American Eagle Outfitters has a 1-year low of $16.57 and a 1-year high of $26.44.

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

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were issued a $0.125 dividend. 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 2.80%. American Eagle Outfitters’s dividend payout ratio (DPR) is 40.00%.

Insider Activity

In other news, insider Jennifer M. Foyle sold 30,000 shares of American Eagle Outfitters 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 transaction, the insider now owns 200,427 shares in the company, valued at approximately $4,367,304.33. This trade represents a 13.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cary D. Mcmillan sold 2,283 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total value of $49,061.67. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,050,702 shares of company stock worth $21,148,718. 7.30% of the stock is currently owned by corporate insiders.

Institutional Trading of American Eagle Outfitters

A number of hedge funds and other institutional investors have recently modified their holdings of AEO. Congress Asset Management Co. bought a new stake in shares of American Eagle Outfitters in the 3rd quarter worth $119,691,000. Victory Capital Management Inc. grew its holdings in shares of American Eagle Outfitters by 165.4% in the 2nd quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock worth $62,034,000 after acquiring an additional 1,936,938 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of American Eagle Outfitters by 179.1% in the 2nd quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock worth $53,722,000 after acquiring an additional 1,726,982 shares during the last quarter. Jupiter Asset Management Ltd. grew its holdings in shares of American Eagle Outfitters by 36.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock worth $64,727,000 after acquiring an additional 865,355 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of American Eagle Outfitters in the 2nd quarter worth $16,861,000. 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.