American Eagle Outfitters (AEO) Receives $24.64 Consensus PT from Brokerages

Shares of American Eagle Outfitters (NYSE:AEO) have been given a consensus recommendation of “Hold” by the fifteen research firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $24.64.

Several brokerages have issued reports on AEO. ValuEngine upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Royal Bank of Canada lowered shares of American Eagle Outfitters from an “outperform” rating to a “sector perform” rating and set a $24.00 target price for the company. in a research report on Thursday, May 9th. They noted that the move was a valuation call. Wedbush lowered shares of American Eagle Outfitters from an “outperform” rating to a “neutral” rating in a research report on Thursday, May 9th. Zacks Investment Research lowered shares of American Eagle Outfitters from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Finally, Jefferies Financial Group set a $28.00 price objective on shares of American Eagle Outfitters and gave the stock a “buy” rating in a report on Thursday, March 7th.

In other news, insider Charles F. Kessler sold 3,573 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $23.00, for a total value of $82,179.00. Following the completion of the sale, the insider now directly owns 132,618 shares in the company, valued at approximately $3,050,214. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jennifer M. Foyle sold 117,051 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $23.53, for a total transaction of $2,754,210.03. Following the completion of the sale, the insider now owns 144,228 shares of the company’s stock, valued at $3,393,684.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,820 shares of company stock valued at $3,151,706. Company insiders own 6.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in AEO. Vanguard Group Inc raised its holdings in American Eagle Outfitters by 9.8% during the 3rd quarter. Vanguard Group Inc now owns 17,117,791 shares of the apparel retailer’s stock valued at $425,035,000 after buying an additional 1,521,279 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in American Eagle Outfitters by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,664,664 shares of the apparel retailer’s stock valued at $169,924,000 after buying an additional 136,378 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in American Eagle Outfitters by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 4,925,356 shares of the apparel retailer’s stock valued at $95,206,000 after buying an additional 71,185 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in American Eagle Outfitters by 12.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,651,770 shares of the apparel retailer’s stock valued at $80,960,000 after buying an additional 410,032 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in American Eagle Outfitters by 5.0% during the 1st quarter. Northern Trust Corp now owns 3,322,602 shares of the apparel retailer’s stock valued at $73,663,000 after buying an additional 157,561 shares during the last quarter. Hedge funds and other institutional investors own 93.61% of the company’s stock.

American Eagle Outfitters stock traded down $0.05 during mid-day trading on Friday, hitting $20.00. 3,339,600 shares of the company traded hands, compared to its average volume of 3,883,179. American Eagle Outfitters has a one year low of $17.00 and a one year high of $29.88. The firm has a market cap of $3.43 billion, a PE ratio of 13.51, a PEG ratio of 1.76 and a beta of 0.80.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, March 6th. The apparel retailer reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. American Eagle Outfitters had a net margin of 6.49% and a return on equity of 20.86%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business posted $0.44 earnings per share. American Eagle Outfitters’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts anticipate that American Eagle Outfitters will post 1.59 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were issued a $0.1375 dividend. The ex-dividend date was Thursday, April 11th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.75%. American Eagle Outfitters’s payout ratio is 37.16%.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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