American Eagle Outfitters Inc. (AEO) Upgraded to Outperform at BMO Capital Markets
American Eagle Outfitters Inc. (NYSE:AEO) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Monday. The firm currently has a $21.00 target price on the apparel retailer’s stock, up from their prior target price of $18.00. BMO Capital Markets’ price target would suggest a potential upside of 20.21% from the stock’s previous close. The analysts noted that the move was a valuation call.
AEO has been the subject of a number of other research reports. Jefferies Group restated a “buy” rating on shares of American Eagle Outfitters in a research note on Monday, August 1st. BlueFin Research restated an “outperform” rating and issued a $22.00 target price on shares of American Eagle Outfitters in a research note on Wednesday, September 28th. FBR & Co upgraded American Eagle Outfitters from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $17.00 to $19.00 in a research note on Thursday, August 25th. Deutsche Bank AG upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating and raised their target price for the stock from $17.00 to $22.00 in a research note on Monday, August 15th. Finally, Nomura restated a “hold” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $19.45.
American Eagle Outfitters (NYSE:AEO) traded up 2.58% during trading on Monday, hitting $17.92. The stock had a trading volume of 5,700,377 shares. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 14.26 and a beta of 0.89. The firm’s 50-day moving average price is $18.24 and its 200-day moving average price is $16.62. American Eagle Outfitters has a 52-week low of $12.78 and a 52-week high of $19.55.
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American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, August 17th. The apparel retailer reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. American Eagle Outfitters had a return on equity of 21.00% and a net margin of 6.61%. The firm earned $823 million during the quarter, compared to analyst estimates of $818.10 million. During the same quarter in the prior year, the business posted $0.17 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. Analysts predict that American Eagle Outfitters will post $1.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, October 5th. American Eagle Outfitters’s payout ratio is 40.00%.
In other American Eagle Outfitters news, COO Michael R. Rempell sold 83,141 shares of the business’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $18.68, for a total value of $1,553,073.88. Following the completion of the transaction, the chief operating officer now owns 196,868 shares in the company, valued at $3,677,494.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Michael R. Rempell sold 50,826 shares of the business’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $18.84, for a total transaction of $957,561.84. Following the completion of the transaction, the chief operating officer now owns 106,077 shares of the company’s stock, valued at approximately $1,998,490.68. The disclosure for this sale can be found here. 5.80% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. LSV Asset Management increased its position in shares of American Eagle Outfitters by 25.0% in the second quarter. LSV Asset Management now owns 7,302,529 shares of the apparel retailer’s stock worth $116,329,000 after buying an additional 1,461,850 shares during the last quarter. SG Capital Management LLC purchased a new position in shares of American Eagle Outfitters during the second quarter worth approximately $22,165,000. UBS Asset Management Americas Inc. increased its position in shares of American Eagle Outfitters by 876.1% in the second quarter. UBS Asset Management Americas Inc. now owns 1,464,472 shares of the apparel retailer’s stock worth $23,329,000 after buying an additional 1,314,439 shares during the last quarter. American Century Companies Inc. increased its position in shares of American Eagle Outfitters by 68.1% in the second quarter. American Century Companies Inc. now owns 2,879,369 shares of the apparel retailer’s stock worth $45,868,000 after buying an additional 1,166,201 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of American Eagle Outfitters during the second quarter worth approximately $16,480,000. Institutional investors and hedge funds own 95.05% of the company’s stock.
About American Eagle Outfitters
American Eagle Outfitters, Inc (AEO Inc) is a specialty retailer, operating over 1,000 retail stores and online at ae.com and aerie.com in the United States and internationally. The Company operates in the segment of American Eagle Outfitters Brand (AEO Brand) retail stores, Aerie by American Eagle Outfitters retail stores and AEO Direct.
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