Brokerages Set American Eagle Outfitters, Inc. (NYSE:AEO) Price Target at $21.00

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) has been given an average recommendation of "Hold" by the eleven research firms that are currently covering the stock, Marketbeat reports. Ten equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $21.00.

Several research firms recently weighed in on AEO. JPMorgan Chase & Co. decreased their price objective on shares of American Eagle Outfitters from $23.00 to $20.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Raymond James started coverage on American Eagle Outfitters in a research note on Friday, December 13th. They set a "market perform" rating for the company. Jefferies Financial Group dropped their price objective 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. Bank of America dropped their price target on American Eagle Outfitters from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Finally, UBS Group lowered their price objective on American Eagle Outfitters from $34.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, December 5th.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a document filed with the SEC, which is available through this link. 7.30% of the stock is currently owned by company insiders.

Institutional Trading of American Eagle Outfitters

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kathleen S. Wright Associates Inc. purchased a new position in American Eagle Outfitters during the third quarter worth approximately $32,000. Blue Trust Inc. increased its stake in American Eagle Outfitters by 95.7% during the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock worth $32,000 after acquiring an additional 937 shares during the last quarter. Principal Securities Inc. increased its stake in American Eagle Outfitters by 2,239.1% during the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock worth $43,000 after acquiring an additional 2,463 shares during the last quarter. Park Place Capital Corp acquired a new stake in American Eagle Outfitters during the fourth quarter worth $45,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of American Eagle Outfitters by 137.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer's stock valued at $55,000 after buying an additional 1,944 shares in the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

American Eagle Outfitters Price Performance

Shares of NYSE AEO traded down $0.53 during trading on Friday, hitting $15.08. The stock had a trading volume of 2,735,948 shares, compared to its average volume of 4,075,701. American Eagle Outfitters has a 12 month low of $14.92 and a 12 month high of $26.44. The company has a market capitalization of $2.90 billion, a PE ratio of 12.88, a PEG ratio of 0.95 and a beta of 1.53. The firm has a fifty day moving average of $16.86 and a two-hundred day moving average of $19.02.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The firm's quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. On average, equities analysts expect that American Eagle Outfitters will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Friday, January 10th. American Eagle Outfitters's dividend payout ratio (DPR) 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.