American Eagle Outfitters’ (AEO) Market Perform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of American Eagle Outfitters (NYSE:AEO) in a research note published on Wednesday morning,Benzinga reports. They currently have a $23.00 price objective on the apparel retailer’s stock.

A number of other brokerages also recently issued reports on AEO. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. 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 report 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. Barclays reduced their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, UBS Group dropped their price target 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $25.00.

American Eagle Outfitters Stock Performance

AEO stock opened at $18.58 on Wednesday. The firm has a fifty day moving average price of $19.86 and a 200 day moving average price of $20.66. American Eagle Outfitters has a fifty-two week low of $16.88 and a fifty-two week high of $26.44. The firm has a market cap of $3.57 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data 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 analysts’ expectations of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS. On average, equities analysts predict that American Eagle Outfitters will post 1.77 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.50 annualized dividend and a yield of 2.69%. American Eagle Outfitters’s dividend payout ratio (DPR) is 40.00%.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,283 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,771,851 shares in the company, valued at $35,507,894.04. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,050,702 shares of company stock valued at $21,148,718. 7.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American Eagle Outfitters

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC lifted 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 buying an additional 141,628 shares during the period. Intech Investment Management LLC purchased a new position in American Eagle Outfitters in the third quarter valued at about $3,731,000. Victory Capital Management Inc. raised its holdings in American Eagle Outfitters by 165.4% in the second quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock worth $62,034,000 after purchasing an additional 1,936,938 shares in the last quarter. Dupree Financial Group LLC purchased a new stake in shares of American Eagle Outfitters during the third quarter valued at about $3,146,000. Finally, Renaissance Technologies LLC bought a new stake in shares of American Eagle Outfitters in the 2nd quarter valued at about $16,861,000. 97.33% of the stock is currently owned by institutional investors.

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.