Brokers Issue Forecasts for American Eagle Outfitters’ Q2 2019 Earnings (AEO)

American Eagle Outfitters (NYSE:AEO) – Investment analysts at B. Riley lifted their Q2 2019 EPS estimates for American Eagle Outfitters in a research note issued to investors on Wednesday, August 15th. B. Riley analyst S. Anderson now expects that the apparel retailer will post earnings of $0.29 per share for the quarter, up from their previous estimate of $0.28. B. Riley currently has a “Buy” rating and a $27.00 target price on the stock.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Thursday, May 31st. The apparel retailer reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. American Eagle Outfitters had a return on equity of 18.65% and a net margin of 5.67%. The firm had revenue of $823.00 million for the quarter, compared to analyst estimates of $811.46 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Monday, May 7th. Loop Capital set a $27.00 price target on American Eagle Outfitters and gave the stock a “buy” rating in a research report on Friday, July 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $30.00 price target on shares of American Eagle Outfitters in a research report on Thursday, June 21st. UBS Group started coverage on American Eagle Outfitters in a research report on Thursday, June 21st. They set a “buy” rating on the stock. Finally, ValuEngine lowered American Eagle Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $21.88.

NYSE:AEO opened at $27.02 on Thursday. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 2.27 and a beta of 1.01. American Eagle Outfitters has a 1-year low of $10.23 and a 1-year high of $28.17.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 27th. Investors of record on Friday, July 13th were issued a dividend of $0.1375 per share. The ex-dividend date was Thursday, July 12th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.04%. American Eagle Outfitters’s payout ratio is presently 47.41%.

In related news, VP James H. Keefer, Jr. sold 5,600 shares of the stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $24.50, for a total transaction of $137,200.00. Following the completion of the transaction, the vice president now directly owns 4,723 shares in the company, valued at $115,713.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Noel Joseph Spiegel sold 20,000 shares of the stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $24.75, for a total value of $495,000.00. Following the transaction, the director now owns 8,064 shares of the company’s stock, valued at $199,584. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,437,775 shares of company stock valued at $83,876,839. 6.30% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the stock. Scopus Asset Management L.P. bought a new position in shares of American Eagle Outfitters during the second quarter worth about $16,275,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of American Eagle Outfitters during the second quarter worth about $1,351,000. PEAK6 Investments L.P. grew its holdings in shares of American Eagle Outfitters by 20.0% during the second quarter. PEAK6 Investments L.P. now owns 173,884 shares of the apparel retailer’s stock worth $4,043,000 after buying an additional 29,040 shares in the last quarter. Marshall Wace LLP bought a new position in shares of American Eagle Outfitters during the second quarter worth about $10,750,000. Finally, Macquarie Group Ltd. grew its holdings in shares of American Eagle Outfitters by 35.7% during the second quarter. Macquarie Group Ltd. now owns 1,172,224 shares of the apparel retailer’s stock worth $27,254,000 after buying an additional 308,483 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

Further Reading: Leveraged Buyout (LBO)

Earnings History and Estimates for American Eagle Outfitters (NYSE:AEO)

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