American Eagle Outfitters, Inc. (NYSE:AEO) Receives $22.40 Average PT from Analysts

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have received an average recommendation of “Hold” from the eleven analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $22.40.

AEO has been the topic of a number of analyst reports. Bank of America dropped their price objective on shares of American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. Raymond James started coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They issued a “market perform” rating on the stock. Barclays lowered their target price on American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. TD Cowen cut their price target on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $23.00 price target (down previously from $27.00) on shares of American Eagle Outfitters in a report on Wednesday, December 4th.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director David M. Sable sold 18,420 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $22.04, for a total value of $405,976.80. Following the completion of the transaction, the director now directly owns 39,356 shares in the company, valued at $867,406.24. The trade was a 31.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Cary D. Mcmillan sold 2,283 shares of the 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. In the last quarter, insiders sold 50,703 shares of company stock worth $1,108,738. 7.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kathleen S. Wright Associates Inc. bought a new stake in American Eagle Outfitters in the third quarter valued at $32,000. Advisors Asset Management Inc. increased its holdings in shares of American Eagle Outfitters by 171.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after acquiring an additional 1,608 shares during the period. Innealta Capital LLC bought a new stake in American Eagle Outfitters in the 2nd quarter valued at about $78,000. nVerses Capital LLC acquired a new position in American Eagle Outfitters during the 2nd quarter valued at about $108,000. Finally, Picton Mahoney Asset Management bought a new position in American Eagle Outfitters in the 2nd quarter worth about $140,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Price Performance

NYSE:AEO opened at $16.69 on Thursday. The business’s 50-day moving average is $18.77 and its two-hundred day moving average is $20.03. The firm has a market capitalization of $3.21 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. American Eagle Outfitters has a 12 month low of $16.20 and a 12 month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The company’s revenue was down .9% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. Equities analysts anticipate that American Eagle Outfitters will post 1.69 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.00%. The ex-dividend date is Friday, January 10th. American Eagle Outfitters’s payout ratio is currently 42.74%.

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.