American Eagle Outfitters Downgraded to “Neutral” at Janney Montgomery Scott (AEO)
American Eagle Outfitters (NYSE:AEO) was downgraded by stock analysts at Janney Montgomery Scott to a “neutral” rating in a report issued on Tuesday, AnalystRatings.NET reports.
American Eagle Outfitters (NYSE:AEO) opened at 11.68 on Tuesday. American Eagle Outfitters has a 1-year low of $11.60 and a 1-year high of $21.07. The stock has a 50-day moving average of $13.31 and a 200-day moving average of $14.24. The company has a market cap of $2.264 billion and a price-to-earnings ratio of 29.49.
American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.01. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company posted $0.55 earnings per share. American Eagle Outfitters’s revenue was down 6.7% compared to the same quarter last year. Analysts expect that American Eagle Outfitters will post $0.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 16th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Monday, March 31st.
Several other analysts have also recently commented on the stock. Analysts at Cowen & Company downgraded shares of American Eagle Outfitters from a “market perform” rating to an “underperform” rating in a research note on Monday. They now have a $11.00 price target on the stock, down previously from $14.00. Separately, analysts at Cowen and Company downgraded shares of American Eagle Outfitters from a “market perform” rating to an “underperform” rating in a research note on Monday. They now have a $11.00 price target on the stock, down previously from $14.00. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of American Eagle Outfitters from $15.00 to $13.00 in a research note on Monday, March 17th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. American Eagle Outfitters has a consensus rating of “Hold” and a consensus target price of $15.96.
American Eagle Outfitters, Inc (NYSE:AEO) is a specialty retailer that operates in the United Sates and Canada, and online at ae.
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