Analysts Set American Eagle Outfitters, Inc. (NYSE:AEO) PT at $37.00

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been assigned a consensus rating of “Buy” from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $36.43.

AEO has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on shares of American Eagle Outfitters in a research report on Tuesday, November 30th. They set a “buy” rating and a $42.00 target price for the company. Cowen increased their target price on shares of American Eagle Outfitters from $31.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday. Morgan Stanley increased their target price on shares of American Eagle Outfitters from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday, November 29th. JPMorgan Chase & Co. reduced their target price on shares of American Eagle Outfitters from $42.00 to $37.00 in a research report on Wednesday. Finally, Barclays reduced their target price on shares of American Eagle Outfitters from $46.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday.

AEO stock traded down $0.75 during trading on Friday, reaching $23.20. The stock had a trading volume of 289,178 shares, compared to its average volume of 4,358,214. American Eagle Outfitters has a one year low of $21.83 and a one year high of $38.99. The company has a quick ratio of 1.19, a current ratio of 2.04 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $25.56 and its two-hundred day moving average is $28.54. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 13.24 and a beta of 1.36.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Tuesday, November 23rd. The apparel retailer reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.15. American Eagle Outfitters had a net margin of 7.77% and a return on equity of 37.04%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the firm posted $0.35 EPS. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. As a group, research analysts predict that American Eagle Outfitters will post 2.27 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 29th. Shareholders of record on Friday, December 10th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.10%. The ex-dividend date was Thursday, December 9th. American Eagle Outfitters’s dividend payout ratio is presently 40.00%.

In other news, Director Steven A. Davis bought 3,900 shares of the stock in a transaction on Monday, November 29th. The shares were acquired at an average cost of $26.55 per share, for a total transaction of $103,545.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael R. Rempell sold 64,011 shares of the firm’s stock in a transaction on Monday, January 3rd. The shares were sold at an average price of $25.43, for a total transaction of $1,627,799.73. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new stake in shares of American Eagle Outfitters during the 2nd quarter valued at $9,783,000. Principal Financial Group Inc. raised its position in shares of American Eagle Outfitters by 68.8% during the 2nd quarter. Principal Financial Group Inc. now owns 903,244 shares of the apparel retailer’s stock valued at $33,898,000 after buying an additional 368,232 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of American Eagle Outfitters by 10.8% during the 3rd quarter. Victory Capital Management Inc. now owns 43,678 shares of the apparel retailer’s stock valued at $1,127,000 after buying an additional 4,267 shares in the last quarter. Twin Tree Management LP purchased a new stake in shares of American Eagle Outfitters during the 2nd quarter valued at $1,133,000. Finally, Moody Aldrich Partners LLC raised its position in shares of American Eagle Outfitters by 16.7% during the 3rd quarter. Moody Aldrich Partners LLC now owns 207,243 shares of the apparel retailer’s stock valued at $5,347,000 after buying an additional 29,710 shares in the last quarter.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc is a multi-brand specialty retailer, which offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

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Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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