American Eagle Outfitters (NYSE:AEO) Earns Buy Rating from Analysts at DA Davidson

DA Davidson initiated coverage on shares of American Eagle Outfitters (NYSE:AEO) in a research report released on Tuesday, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $21.00 price objective on the apparel retailer’s stock.

Several other equities analysts also recently commented on AEO. Wedbush dropped their price objective on shares of American Eagle Outfitters from $25.00 to $20.00 and set a neutral rating for the company in a research note on Thursday, June 6th. Citigroup dropped their price target on shares of American Eagle Outfitters from $27.00 to $20.00 and set a buy rating for the company in a research note on Thursday, September 5th. Deutsche Bank set a $23.00 price target on shares of American Eagle Outfitters and gave the company a buy rating in a research note on Friday, August 16th. UBS Group set a $26.00 price target on shares of American Eagle Outfitters and gave the company a buy rating in a research note on Friday, June 21st. Finally, Jefferies Financial Group set a $22.00 price target on shares of American Eagle Outfitters and gave the company a buy rating in a research note on Wednesday, September 4th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $21.25.

Shares of NYSE:AEO opened at $16.24 on Tuesday. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 1.71 and a beta of 0.85. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.34 and a quick ratio of 0.64. The firm has a 50 day simple moving average of $16.32 and a 200 day simple moving average of $18.90. American Eagle Outfitters has a one year low of $13.66 and a one year high of $25.40.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, September 4th. The apparel retailer reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. American Eagle Outfitters had a net margin of 6.40% and a return on equity of 21.47%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 EPS. As a group, analysts expect that American Eagle Outfitters will post 1.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Thursday, October 10th. American Eagle Outfitters’s payout ratio is currently 37.16%.

Hedge funds have recently added to or reduced their stakes in the company. Dalton Greiner Hartman Maher & Co. increased its position in shares of American Eagle Outfitters by 7.3% during the second quarter. Dalton Greiner Hartman Maher & Co. now owns 1,308,497 shares of the apparel retailer’s stock worth $22,114,000 after buying an additional 88,993 shares during the period. BlackRock Inc. increased its position in shares of American Eagle Outfitters by 2.9% during the second quarter. BlackRock Inc. now owns 20,340,847 shares of the apparel retailer’s stock worth $343,758,000 after buying an additional 567,714 shares during the period. Hodges Capital Management Inc. increased its position in shares of American Eagle Outfitters by 8.1% during the second quarter. Hodges Capital Management Inc. now owns 571,024 shares of the apparel retailer’s stock worth $9,650,000 after buying an additional 42,575 shares during the period. Phocas Financial Corp. increased its position in shares of American Eagle Outfitters by 11.5% during the second quarter. Phocas Financial Corp. now owns 480,440 shares of the apparel retailer’s stock worth $8,119,000 after buying an additional 49,583 shares during the period. Finally, Platinum Investment Management Ltd. grew its holdings in American Eagle Outfitters by 2.3% in the second quarter. Platinum Investment Management Ltd. now owns 2,434,299 shares of the apparel retailer’s stock worth $41,140,000 after purchasing an additional 54,650 shares during the period. 91.46% of the stock is owned by hedge funds and other institutional investors.

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 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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