American Eagle Outfitters’ (AEO) “Underperform” Rating Reaffirmed at Bank of America

Bank of America reiterated their underperform rating on shares of American Eagle Outfitters (NYSE:AEOFree Report) in a research report report published on Friday,Benzinga reports. Bank of America currently has a $16.00 price target on the apparel retailer’s stock.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley reiterated an “equal weight” rating and issued a $18.00 price objective on shares of American Eagle Outfitters in a report on Monday, July 6th. Citigroup decreased their target price on American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, June 1st. The Goldman Sachs Group set a $22.00 price target on American Eagle Outfitters in a research note on Monday, June 1st. JPMorgan Chase & Co. reduced their price objective on shares of American Eagle Outfitters from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, May 29th. Finally, Weiss Ratings lowered shares of American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.91.

Check Out Our Latest Report on American Eagle Outfitters

American Eagle Outfitters Stock Down 0.9%

AEO stock opened at $16.16 on Friday. The stock’s 50 day simple moving average is $17.36 and its 200 day simple moving average is $18.59. American Eagle Outfitters has a fifty-two week low of $12.05 and a fifty-two week high of $28.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.53 and a current ratio of 1.55. The company has a market cap of $2.71 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 3.54 and a beta of 1.32.

American Eagle Outfitters (NYSE:AEOGet Free Report) last announced its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.29) earnings per share. On average, research analysts expect that American Eagle Outfitters will post 1.77 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters’s payout ratio is 30.86%.

Insider Buying and Selling

In related news, Director Noel Joseph Spiegel sold 2,892 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total transaction of $48,527.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Cary D. Mcmillan sold 2,892 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total transaction of $48,498.84. The SEC filing for this sale provides additional information. Insiders sold a total of 11,563 shares of company stock worth $196,599 in the last three months. 8.95% of the stock is owned by corporate insiders.

Institutional Trading of American Eagle Outfitters

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Plato Investment Management Ltd bought a new stake in American Eagle Outfitters in the second quarter worth $25,000. Kemnay Advisory Services Inc. bought a new position in shares of American Eagle Outfitters during the fourth quarter valued at $31,000. Aster Capital Management DIFC Ltd purchased a new position in shares of American Eagle Outfitters in the 4th quarter worth about $32,000. Raymond James Financial Inc. purchased a new position in shares of American Eagle Outfitters in the 2nd quarter worth about $35,000. Finally, Allworth Financial LP bought a new position in American Eagle Outfitters in the 2nd quarter worth about $36,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

(Get Free Report)

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.

Further Reading

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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