American Eagle Outfitters, Inc. (AEO) Shares Up 6.9%

American Eagle Outfitters, Inc. (NYSE:AEO)’s share price shot up 6.9% on Friday . The company traded as high as $15.09 and last traded at $14.93. 6,189,802 shares changed hands during mid-day trading, an increase of 39% from the average session volume of 4,457,540 shares. The stock had previously closed at $13.97.

A number of brokerages recently weighed in on AEO. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $15.00 target price on shares of American Eagle Outfitters in a research note on Monday, October 2nd. Cowen and Company reaffirmed an “outperform” rating and issued a $16.00 target price (up from $14.00) on shares of American Eagle Outfitters in a research note on Monday, October 2nd. Zacks Investment Research raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, October 10th. Wolfe Research upgraded shares of American Eagle Outfitters from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. Finally, BMO Capital Markets restated a “buy” rating and set a $15.00 price objective on shares of American Eagle Outfitters in a research note on Wednesday, September 13th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. American Eagle Outfitters currently has a consensus rating of “Hold” and an average target price of $14.57.

The firm has a market capitalization of $2,510.00, a P/E ratio of 11.84, a PEG ratio of 1.37 and a beta of 1.09.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $845.00 million for the quarter, compared to analyst estimates of $823.84 million. During the same quarter last year, the business posted $0.23 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. equities research analysts anticipate that American Eagle Outfitters, Inc. will post 1.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.50 dividend on an annualized basis and a yield of 3.35%. American Eagle Outfitters’s dividend payout ratio is currently 52.08%.

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 13,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $14.22, for a total value of $191,970.00. Following the sale, the insider now owns 27,531 shares in the company, valued at $391,490.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.80% of the company’s stock.

Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of American Eagle Outfitters by 9.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock worth $103,000 after purchasing an additional 729 shares during the period. Ronald Blue & Co. LLC lifted its holdings in shares of American Eagle Outfitters by 3.1% during the second quarter. Ronald Blue & Co. LLC now owns 10,476 shares of the apparel retailer’s stock worth $126,000 after purchasing an additional 311 shares during the period. Sterling Capital Management LLC acquired a new position in shares of American Eagle Outfitters during the second quarter worth $128,000. CIBC World Markets Inc. lifted its holdings in shares of American Eagle Outfitters by 0.6% during the second quarter. CIBC World Markets Inc. now owns 11,035 shares of the apparel retailer’s stock worth $133,000 after purchasing an additional 63 shares during the period. Finally, Riverhead Capital Management LLC lifted its holdings in shares of American Eagle Outfitters by 91.1% during the second quarter. Riverhead Capital Management LLC now owns 11,082 shares of the apparel retailer’s stock worth $134,000 after purchasing an additional 5,282 shares during the period. Institutional investors own 83.47% of the company’s stock.

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About American Eagle Outfitters

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.

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