Wall Street Zen upgraded shares of American Eagle Outfitters (NYSE:AEO – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.
Several other equities research analysts also recently weighed in on AEO. Morgan Stanley reissued an “equal weight” rating and issued a $18.00 target price on shares of American Eagle Outfitters in a research note on Monday, July 6th. Citigroup dropped their price target on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. UBS Group reiterated a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. William Blair reissued a “buy” rating on shares of American Eagle Outfitters in a research report on Wednesday, July 15th. Finally, Telsey Advisory Group decreased their price objective on shares of American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.40.
Read Our Latest Research Report on American Eagle Outfitters
American Eagle Outfitters Stock Performance
American Eagle Outfitters Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is 30.86%.
Insider Activity
In other news, Director David Sable sold 5,779 shares of the business’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $17.23, for a total transaction of $99,572.17. Following the completion of the sale, the director directly owned 53,481 shares of the company’s stock, valued at approximately $921,477.63. The trade was a 9.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 2,892 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total transaction of $48,498.84. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 11,563 shares of company stock valued at $196,599. 8.95% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On American Eagle Outfitters
A number of hedge funds have recently added to or reduced their stakes in the stock. Plato Investment Management Ltd bought a new stake in shares of American Eagle Outfitters during the second quarter valued at approximately $25,000. Kemnay Advisory Services Inc. bought a new position in American Eagle Outfitters in the fourth quarter worth approximately $31,000. Aster Capital Management DIFC Ltd bought a new position in American Eagle Outfitters in the fourth quarter worth approximately $32,000. Raymond James Financial Inc. purchased a new position in American Eagle Outfitters during the 2nd quarter worth $35,000. Finally, Allworth Financial LP purchased a new position in American Eagle Outfitters during the 2nd quarter worth $36,000. 97.33% of the stock is currently owned by institutional investors.
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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