American Eagle Outfitters, Inc. (NYSE:AEO) Given Consensus Recommendation of “Hold” by Analysts

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been given a consensus rating of “Hold” by the twelve ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.70.

Several equities analysts have commented on the company. UBS Group lowered their price objective on American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. BMO Capital Markets dropped their price target on shares of American Eagle Outfitters from $15.00 to $11.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 14th. Telsey Advisory Group increased their price objective on shares of American Eagle Outfitters to $12.00 and gave the company a “hold” rating in a research report on Friday, May 30th. Bank of America reduced their price objective on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Finally, Citigroup reiterated a “neutral” rating on shares of American Eagle Outfitters in a research note on Friday, May 23rd.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock opened at $10.12 on Thursday. American Eagle Outfitters has a 52-week low of $9.45 and a 52-week high of $22.83. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 0.82 and a beta of 1.51. The company’s 50 day moving average price is $10.91 and its 200-day moving average price is $13.72.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.04). American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the business earned $0.34 EPS. The business’s revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts forecast that American Eagle Outfitters will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, July 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.94%. American Eagle Outfitters’s payout ratio is currently 51.02%.

Institutional Investors Weigh In On American Eagle Outfitters

Several hedge funds and other institutional investors have recently bought and sold shares of AEO. Dimensional Fund Advisors LP increased its stake in shares of American Eagle Outfitters by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 10,570,088 shares of the apparel retailer’s stock worth $122,820,000 after acquiring an additional 346,135 shares during the period. Wellington Management Group LLP lifted its holdings in shares of American Eagle Outfitters by 1.9% in the fourth quarter. Wellington Management Group LLP now owns 9,933,628 shares of the apparel retailer’s stock valued at $165,594,000 after purchasing an additional 184,067 shares in the last quarter. Cooke & Bieler LP lifted its holdings in shares of American Eagle Outfitters by 29.9% in the first quarter. Cooke & Bieler LP now owns 7,791,193 shares of the apparel retailer’s stock valued at $90,534,000 after purchasing an additional 1,794,203 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of American Eagle Outfitters by 9.3% in the first quarter. American Century Companies Inc. now owns 6,017,034 shares of the apparel retailer’s stock valued at $69,918,000 after purchasing an additional 511,694 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of American Eagle Outfitters by 22.2% during the first quarter. Victory Capital Management Inc. now owns 5,305,889 shares of the apparel retailer’s stock valued at $61,654,000 after buying an additional 962,730 shares during the period. 97.33% of the stock is currently owned by institutional investors and hedge funds.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.