American Eagle Outfitters Earns “Neutral” Rating from Zacks (AEO)
American Eagle Outfitters (NYSE:AEO)‘s stock had its “neutral” rating restated by Zacks in a report released on Thursday. They currently have a $15.00 target price on the stock. Zacks‘s price objective would indicate a potential upside of 6.08% from the company’s current price.
Zacks’ analyst wrote, “Though American Eagle posted better-than-expected earnings for second-quarter fiscal 2014, it recorded a significant year-over-year decline in earnings due to lower sales. Moreover, weakening comparable-store sales remain a concern. Based on the anticipated decline in top line, the company remains cautious with its earnings guidance for the third quarter. However, the company’s initiatives to strengthen its product assortments, store rationalization plans, diligent inventory management and e-Commerce upgrade hint at strong growth over the long term. Additionally, we believe that the international expansion plans together with its omni-channel growth, provides the company with a significant opportunity to expand business in order to efficiently cater to its incredible global demand. Thus, we retain our Neutral recommendation on the stock.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Standpoint Research downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Thursday, August 28th. Separately, analysts at BMO Capital Markets raised their price target on shares of American Eagle Outfitters from $11.00 to $12.00 in a research note on Thursday, August 21st. Finally, analysts at S&P Equity Research raised their price target on shares of American Eagle Outfitters to $4.34 in a research note on Thursday, August 21st. They now have a “hold” rating on the stock. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. American Eagle Outfitters presently has a consensus rating of “Hold” and an average target price of $13.10.
American Eagle Outfitters (NYSE:AEO) traded up 1.98% during mid-day trading on Thursday, hitting $14.42. The stock had a trading volume of 2,487,528 shares. American Eagle Outfitters has a 1-year low of $10.12 and a 1-year high of $16.95. The stock has a 50-day moving average of $11.63 and a 200-day moving average of $11.85. The company has a market cap of $2.804 billion and a price-to-earnings ratio of 60.69. American Eagle Outfitters also was the recipient of unusually large options trading on Monday. Stock traders bought 3,584 put options on the stock. This is an increase of 137% compared to the average volume of 1,512 put options.
American Eagle Outfitters (NYSE:AEO) last released its earnings data on Wednesday, August 20th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $711.00 million for the quarter, compared to the consensus estimate of $689.95 million. During the same quarter last year, the company posted $0.09 earnings per share. American Eagle Outfitters’s revenue was down 2.2% compared to the same quarter last year. Analysts expect that American Eagle Outfitters will post $0.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Monday, September 29th.
American Eagle Outfitters, Inc (NYSE:AEO) is a specialty retailer that operates in the United Sates and Canada, and online at ae.