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

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $25.75.

Several research analysts recently commented on AEO shares. TD Cowen cut their price target on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 target price on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Barclays dropped their price target on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Finally, UBS Group decreased their price objective on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, August 30th.

American Eagle Outfitters Stock Down 0.3 %

Shares of NYSE:AEO opened at $19.09 on Wednesday. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 0.97 and a beta of 1.52. The company has a 50 day moving average of $20.43 and a two-hundred day moving average of $21.30. American Eagle Outfitters has a 52-week low of $15.92 and a 52-week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the business earned $0.25 EPS. The business’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts anticipate that American Eagle Outfitters will post 1.78 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.50 annualized dividend and a yield of 2.62%. American Eagle Outfitters’s payout ratio is 40.00%.

Insider Activity at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,283 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,283 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the sale, the chief executive officer now owns 1,771,851 shares in the company, valued at $35,507,894.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,050,702 shares of company stock valued at $21,148,718 in the last quarter. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Seven Eight Capital LP acquired a new stake in American Eagle Outfitters in the first quarter worth about $1,445,000. Bayesian Capital Management LP bought a new position in shares of American Eagle Outfitters in the first quarter valued at approximately $598,000. UniSuper Management Pty Ltd acquired a new position in shares of American Eagle Outfitters during the first quarter valued at approximately $941,000. SG Americas Securities LLC raised its holdings in American Eagle Outfitters by 417.2% during the second quarter. SG Americas Securities LLC now owns 175,576 shares of the apparel retailer’s stock worth $3,504,000 after purchasing an additional 141,628 shares in the last quarter. Finally, Capstone Investment Advisors LLC lifted its position in American Eagle Outfitters by 172.5% in the first quarter. Capstone Investment Advisors LLC now owns 106,906 shares of the apparel retailer’s stock worth $2,757,000 after purchasing an additional 67,680 shares during the period. Institutional investors own 97.33% of the company’s stock.

About American Eagle Outfitters

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.