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

American Eagle Outfitters, Inc. (NYSE:AEO) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $25.00.

Several equities research analysts have recently commented on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 target price on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Jefferies Financial Group cut their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. Barclays lowered their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Finally, 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 report on Friday, August 30th.

American Eagle Outfitters Stock Performance

AEO stock opened at $17.61 on Friday. American Eagle Outfitters has a fifty-two week low of $16.34 and a fifty-two week high of $26.44. The stock’s 50 day simple moving average is $19.91 and its 200 day simple moving average is $20.77. The company has a market cap of $3.38 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 0.86 and a beta of 1.52.

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

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were paid 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 2.84%. American Eagle Outfitters’s dividend payout ratio is currently 40.00%.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total value of $653,700.00. Following the sale, the insider now directly owns 200,427 shares in the company, valued at $4,367,304.33. This represents a 13.02 % decrease in their position. The transaction 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 business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $22.04, for a total transaction of $405,976.80. Following the transaction, the director now owns 39,356 shares of the company’s stock, valued at $867,406.24. This trade represents a 31.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,050,702 shares of company stock valued at $21,148,718 in the last quarter. 7.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of American Eagle Outfitters by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 20,788,750 shares of the apparel retailer’s stock valued at $536,142,000 after acquiring an additional 310,808 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of American Eagle Outfitters in the first quarter worth approximately $423,000. CANADA LIFE ASSURANCE Co raised its stake in American Eagle Outfitters by 5.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 222,478 shares of the apparel retailer’s stock valued at $5,737,000 after purchasing an additional 12,230 shares in the last quarter. Lazard Asset Management LLC lifted its position in American Eagle Outfitters by 76.0% during the first quarter. Lazard Asset Management LLC now owns 43,377 shares of the apparel retailer’s stock valued at $1,118,000 after purchasing an additional 18,735 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in American Eagle Outfitters by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 112,685 shares of the apparel retailer’s stock worth $2,907,000 after buying an additional 6,940 shares in the last quarter. 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.