StockNews.com lowered shares of American Eagle Outfitters (NYSE:AEO - Free Report) from a buy rating to a hold rating in a report issued on Tuesday morning.
AEO has been the topic of a number of other reports. UBS Group decreased their target price on American Eagle Outfitters from $34.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, December 5th. Jefferies Financial Group decreased their price objective on shares of 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. Raymond James initiated coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They issued a "market perform" rating for the company. Telsey Advisory Group lowered their price objective on shares of American Eagle Outfitters from $23.00 to $20.00 and set a "market perform" rating on the stock in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. cut their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $21.90.
Get Our Latest Stock Analysis on AEO
American Eagle Outfitters Stock Up 1.9 %
Shares of NYSE:AEO traded up $0.29 during midday trading on Tuesday, reaching $15.78. 1,667,511 shares of the company traded hands, compared to its average volume of 4,382,573. American Eagle Outfitters has a 12 month low of $15.36 and a 12 month high of $26.44. The firm's fifty day moving average price is $17.61 and its two-hundred day moving average price is $19.54. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 1.12 and a beta of 1.53.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. The firm 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 company's revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share. Analysts forecast that American Eagle Outfitters will post 1.69 earnings per share for the current year.
American Eagle Outfitters Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, January 10th. This represents a $0.50 annualized dividend and a yield of 3.17%. American Eagle Outfitters's payout ratio is currently 42.74%.
Insiders Place Their Bets
In other news, Director Cary D. Mcmillan sold 2,283 shares of the business'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 transaction of $49,061.67. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 7.30% of the company's stock.
Institutional Trading of American Eagle Outfitters
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Congress Asset Management Co. bought a new position in American Eagle Outfitters in the 3rd quarter worth $119,691,000. Victory Capital Management Inc. boosted its position in American Eagle Outfitters by 40.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer's stock valued at $97,858,000 after acquiring an additional 1,262,693 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of American Eagle Outfitters in the 2nd quarter worth approximately $16,861,000. Soros Capital Management LLC purchased a new position in shares of American Eagle Outfitters in the 3rd quarter valued at approximately $11,519,000. Finally, Charles Schwab Investment Management Inc. grew its stake in American Eagle Outfitters by 12.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,496,916 shares of the apparel retailer's stock worth $55,906,000 after purchasing an additional 281,548 shares during the period. Hedge funds and other institutional investors own 97.33% of the company's stock.
About American Eagle Outfitters
(
Get Free Report)
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.
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