American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $16.23, but opened at $17.05. American Eagle Outfitters shares last traded at $15.57, with a volume of 1,359,072 shares traded.
Analyst Ratings Changes
AEO has been the subject of a number of analyst reports. BMO Capital Markets cut their price objective on shares of American Eagle Outfitters from $22.00 to $20.00 and set a "market perform" rating for the company in a research report on Thursday, December 5th. Barclays lowered their target price on shares of American Eagle Outfitters from $26.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. Jefferies Financial Group lowered their target price on shares of American Eagle Outfitters from $22.00 to $19.00 and set a "hold" rating on the stock in a research note on Tuesday, November 12th. UBS Group decreased their price target on shares of 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. Finally, JPMorgan Chase & Co. decreased their price target on shares of American Eagle Outfitters from $23.00 to $20.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $22.10.
Get Our Latest Analysis on AEO
American Eagle Outfitters Stock Performance
The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 1.12 and a beta of 1.53. The company has a 50 day moving average price of $17.68 and a two-hundred day moving average price of $19.58.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The firm's quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. On average, equities analysts expect that American Eagle Outfitters, Inc. will post 1.69 earnings per share for the current fiscal year.
American Eagle Outfitters Announces Dividend
The business 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 $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Friday, January 10th. American Eagle Outfitters's dividend payout ratio is currently 42.74%.
Insider Activity
In related news, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.30% of the company's stock.
Hedge Funds Weigh In On American Eagle Outfitters
Institutional investors have recently made changes to their positions in the stock. Kathleen S. Wright Associates Inc. acquired a new position in shares of American Eagle Outfitters during the third quarter worth about $32,000. Advisors Asset Management Inc. raised its stake in American Eagle Outfitters by 171.1% during the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer's stock valued at $57,000 after buying an additional 1,608 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in American Eagle Outfitters during the third quarter valued at approximately $141,000. Meeder Asset Management Inc. bought a new position in shares of American Eagle Outfitters during the third quarter valued at approximately $141,000. Finally, ORG Partners LLC bought a new position in shares of American Eagle Outfitters during the fourth quarter valued at approximately $147,000. 97.33% of the stock is owned by institutional investors and hedge funds.
American Eagle Outfitters Company Profile
(
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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