American Eagle Outfitters (AEO) Given Consensus Recommendation of “Buy” by Analysts

American Eagle Outfitters (NYSE:AEO) has earned an average rating of “Buy” from the sixteen analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $24.92.

A number of research analysts recently issued reports on AEO shares. ValuEngine downgraded shares of American Eagle Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 2nd. Zacks Investment Research downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. Wedbush downgraded shares of American Eagle Outfitters from an “outperform” rating to a “neutral” rating and set a $29.00 target price on the stock. in a research report on Monday, August 27th. They noted that the move was a valuation call. UBS Group boosted their target price on shares of American Eagle Outfitters from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Finally, Bank of America boosted their target price on shares of American Eagle Outfitters from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, August 30th.

Shares of NYSE:AEO traded up $0.38 during trading on Friday, reaching $19.67. The stock had a trading volume of 121,699 shares, compared to its average volume of 4,141,367. American Eagle Outfitters has a 52 week low of $14.63 and a 52 week high of $29.88. The firm has a market cap of $3.42 billion, a P/E ratio of 16.85, a P/E/G ratio of 1.35 and a beta of 0.81.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, August 29th. The apparel retailer reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. American Eagle Outfitters had a net margin of 6.49% and a return on equity of 20.24%. The company had revenue of $964.85 million for the quarter, compared to analyst estimates of $937.98 million. During the same period in the prior year, the firm posted $0.19 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, equities analysts expect that American Eagle Outfitters will post 1.49 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Friday, October 12th were issued a dividend of $0.1375 per share. The ex-dividend date of this dividend was Thursday, October 11th. This represents a $0.55 annualized dividend and a yield of 2.80%. American Eagle Outfitters’s payout ratio is 47.41%.

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 16,993 shares of the company’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $24.87, for a total transaction of $422,615.91. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEO. First Quadrant L P CA raised its holdings in American Eagle Outfitters by 660.9% during the third quarter. First Quadrant L P CA now owns 4,459 shares of the apparel retailer’s stock worth $111,000 after buying an additional 3,873 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of American Eagle Outfitters in the third quarter valued at about $123,000. MUFG Americas Holdings Corp raised its holdings in shares of American Eagle Outfitters by 99.3% in the second quarter. MUFG Americas Holdings Corp now owns 6,407 shares of the apparel retailer’s stock valued at $149,000 after purchasing an additional 3,193 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of American Eagle Outfitters by 86.0% in the third quarter. Meeder Asset Management Inc. now owns 7,488 shares of the apparel retailer’s stock valued at $186,000 after purchasing an additional 3,462 shares during the last quarter. Finally, CAPROCK Group Inc. purchased a new stake in shares of American Eagle Outfitters in the second quarter valued at about $201,000. Hedge funds and other institutional investors own 85.92% 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.

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Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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