Shares of American Eagle Outfitters, Inc. (NYSE:AEO – Get Free Report) have received a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $19.9091.
A number of equities research analysts have recently commented on AEO shares. William Blair reiterated a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Morgan Stanley reissued an “equal weight” rating and set a $18.00 price objective on shares of American Eagle Outfitters in a research note on Monday, July 6th. UBS Group restated a “buy” rating on shares of American Eagle Outfitters in a research report on Wednesday, July 15th. Wall Street Zen cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. cut their price target on American Eagle Outfitters from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, May 29th.
Get Our Latest Analysis on AEO
American Eagle Outfitters Stock Up 1.4%
American Eagle Outfitters (NYSE:AEO – Get Free Report) last announced its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.29) EPS. As a group, equities research analysts anticipate that American Eagle Outfitters will post 1.77 EPS for the current fiscal year.
American Eagle Outfitters Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.1%. American Eagle Outfitters’s payout ratio is currently 30.86%.
Insider Activity
In related news, Director Cary D. Mcmillan sold 2,892 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total value of $48,498.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David M. Sable sold 5,779 shares of the stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $17.23, for a total value of $99,572.17. Following the transaction, the director owned 53,481 shares in the company, valued at $921,477.63. This trade represents a 9.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,563 shares of company stock valued at $196,599 over the last quarter. Company insiders own 8.95% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LP purchased a new position in shares of American Eagle Outfitters during the 2nd quarter worth about $2,825,000. Ausdal Financial Partners Inc. purchased a new stake in American Eagle Outfitters in the second quarter valued at approximately $551,000. Bank of America Corp DE purchased a new stake in American Eagle Outfitters in the second quarter valued at approximately $9,336,000. Freestone Grove Partners LP purchased a new stake in American Eagle Outfitters in the second quarter valued at approximately $23,698,000. Finally, Gallagher Fiduciary Advisors LLC acquired a new position in American Eagle Outfitters during the second quarter worth approximately $390,000. Institutional investors and hedge funds own 97.33% of the company’s stock.
American Eagle Outfitters Company Profile
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.
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