American Eagle Outfitters, Inc. (NYSE:AEO) Receives Consensus Rating of “Hold” from Analysts

American Eagle Outfitters, Inc. (NYSE:AEO) has earned an average rating of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $19.9091.

A number of analysts have recently weighed in on the stock. Telsey Advisory Group cut their price target on shares of American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a report on Friday, May 29th. Weiss Ratings downgraded shares of American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 1st. TD Cowen cut their target price on American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Wall Street Zen downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Bank of America decreased their price target on shares of American Eagle Outfitters from $20.00 to $16.00 and set an “underperform” rating on the stock in a report on Friday, May 29th.

Insiders Place Their Bets

In related news, Director Cary D. Mcmillan sold 2,892 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total transaction of $48,498.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Noel Joseph Spiegel sold 2,892 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total value of $48,527.76. Additional details regarding this sale are available in the official SEC disclosure. 8.95% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On American Eagle Outfitters

A number of institutional investors have recently added to or reduced their stakes in AEO. Strategic Investment Solutions Inc. IL raised its stake in shares of American Eagle Outfitters by 50.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock valued at $26,000 after acquiring an additional 500 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in American Eagle Outfitters in the fourth quarter valued at $31,000. Aster Capital Management DIFC Ltd bought a new position in American Eagle Outfitters during the 4th quarter worth $32,000. Raymond James Financial Inc. bought a new position in American Eagle Outfitters during the 2nd quarter worth $35,000. Finally, Federated Hermes Inc. lifted its holdings in American Eagle Outfitters by 151.0% during the 2nd quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock worth $37,000 after buying an additional 2,315 shares during the period. 97.33% of the stock is owned by institutional investors.

American Eagle Outfitters Stock Performance

AEO opened at $17.34 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.53 and a current ratio of 1.55. American Eagle Outfitters has a 52-week low of $10.02 and a 52-week high of $28.46. The firm has a market cap of $2.91 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 3.83 and a beta of 1.31. The business’s fifty day moving average is $16.95 and its 200-day moving average is $19.65.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the firm earned ($0.29) earnings per share. American Eagle Outfitters’s revenue for the quarter was up 9.7% compared to the same quarter last year. Sell-side analysts expect that American Eagle Outfitters will post 1.76 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be given a $0.125 dividend. The ex-dividend date is Friday, July 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.9%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 30.86%.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.