American Eagle Outfitters, Inc. (AEO) Receives “Buy” Rating from BMO Capital Markets

BMO Capital Markets reaffirmed their buy rating on shares of American Eagle Outfitters, Inc. (NYSE:AEO) in a research report report published on Wednesday. BMO Capital Markets currently has a $15.00 price target on the apparel retailer’s stock.

AEO has been the subject of several other research reports. Zacks Investment Research upgraded shares of American Eagle Outfitters from a sell rating to a hold rating in a research note on Friday, August 25th. ValuEngine downgraded shares of American Eagle Outfitters from a buy rating to a hold rating in a research note on Friday, September 1st. BidaskClub downgraded shares of American Eagle Outfitters from a sell rating to a strong sell rating in a research note on Tuesday, August 22nd. J P Morgan Chase & Co restated a neutral rating and issued a $13.00 price objective (up previously from $12.00) on shares of American Eagle Outfitters in a research note on Thursday, August 24th. Finally, Royal Bank Of Canada set a $14.00 price objective on shares of American Eagle Outfitters and gave the company a buy rating in a research note on Tuesday, August 29th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $14.84.

American Eagle Outfitters (NYSE AEO) opened at 13.33 on Wednesday. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 13.69 and a beta of 1.07. American Eagle Outfitters has a 52 week low of $10.23 and a 52 week high of $19.00. The company has a 50-day moving average price of $12.01 and a 200-day moving average price of $12.62.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. The company had revenue of $845.00 million during the quarter, compared to the consensus estimate of $823.84 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. American Eagle Outfitters’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts anticipate that American Eagle Outfitters will post $1.13 EPS for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.50 annualized dividend and a yield of 3.75%. American Eagle Outfitters’s payout ratio is currently 51.55%.

Institutional investors and hedge funds have recently modified their holdings of the business. Soros Fund Management LLC acquired a new position in American Eagle Outfitters during the first quarter worth about $556,000. HighTower Advisors LLC grew its position in American Eagle Outfitters by 2.0% during the first quarter. HighTower Advisors LLC now owns 14,893 shares of the apparel retailer’s stock worth $210,000 after buying an additional 290 shares during the period. Envestnet Asset Management Inc. grew its position in American Eagle Outfitters by 85.8% during the first quarter. Envestnet Asset Management Inc. now owns 30,818 shares of the apparel retailer’s stock worth $432,000 after buying an additional 14,230 shares during the period. Nationwide Fund Advisors grew its position in American Eagle Outfitters by 1.0% during the first quarter. Nationwide Fund Advisors now owns 393,026 shares of the apparel retailer’s stock worth $5,514,000 after buying an additional 3,841 shares during the period. Finally, Karp Capital Management Corp acquired a new position in American Eagle Outfitters during the first quarter worth about $2,750,000. Institutional investors own 83.88% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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