Brokerages Set American Eagle Outfitters, Inc. (NYSE:AEO) Price Target at $25.00

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been given an average rating of “Hold” by the nine analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $25.00.

Several research firms have commented on AEO. UBS Group lowered their target price on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Barclays dropped their target price on 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. TD Cowen decreased 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. Jefferies Financial Group dropped their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, November 12th. Finally, StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd.

Insiders Place Their Bets

In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the transaction, the chief executive officer now owns 1,771,851 shares in the company, valued at $35,507,894.04. The trade was a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David M. Sable sold 18,420 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $22.04, for a total value of $405,976.80. Following the completion of the sale, the director now directly owns 39,356 shares of the company’s stock, valued at $867,406.24. The trade was a 31.88 % 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 worth $21,148,718 over the last ninety days. 7.30% of the stock is owned by company insiders.

Institutional Trading of American Eagle Outfitters

Hedge funds have recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. purchased a new position in shares of American Eagle Outfitters in the third quarter valued at $32,000. Advisors Asset Management Inc. lifted its holdings in American Eagle Outfitters by 171.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after buying an additional 1,608 shares in the last quarter. Innealta Capital LLC purchased a new position in American Eagle Outfitters in the 2nd quarter valued at about $78,000. nVerses Capital LLC purchased a new position in American Eagle Outfitters in the 2nd quarter valued at about $108,000. Finally, Picton Mahoney Asset Management acquired a new stake in shares of American Eagle Outfitters during the second quarter valued at about $140,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Trading Up 3.6 %

American Eagle Outfitters stock opened at $19.24 on Friday. The stock has a 50-day moving average price of $19.79 and a 200 day moving average price of $20.60. American Eagle Outfitters has a 52 week low of $16.88 and a 52 week high of $26.44. The stock has a market cap of $3.70 billion, a PE ratio of 15.39, a P/E/G ratio of 0.93 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 earnings per share. On average, equities analysts predict that American Eagle Outfitters will post 1.77 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were issued a $0.125 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.50 annualized dividend and a yield of 2.60%. American Eagle Outfitters’s payout ratio is 40.00%.

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.