American Eagle Outfitters, Inc. (NYSE:AEO) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

AEO has been the subject of a number of other reports. B. Riley lowered shares of American Eagle Outfitters from a “buy” rating to a “neutral” rating and lowered their price target for the company from $18.00 to $15.00 in a report on Tuesday, April 18th. Royal Bank Of Canada reiterated a “buy” rating and set a $17.00 price target on shares of American Eagle Outfitters in a report on Friday, May 12th. Deutsche Bank AG lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Jefferies Group LLC set a $19.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Wednesday, May 10th. Finally, FBR & Co lowered their price target on shares of American Eagle Outfitters from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, May 18th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.77.

Shares of American Eagle Outfitters (NYSE:AEO) traded down 0.17% during trading on Thursday, reaching $11.74. 1,892,907 shares of the company’s stock traded hands. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 10.77 and a beta of 1.09. The company’s 50-day moving average is $11.61 and its 200 day moving average is $13.94. American Eagle Outfitters has a 52-week low of $10.56 and a 52-week high of $19.55.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, May 17th. The apparel retailer reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. American Eagle Outfitters had a net margin of 5.44% and a return on equity of 18.95%. The firm had revenue of $761.80 million for the quarter, compared to the consensus estimate of $741.76 million. During the same quarter in the prior year, the company earned $0.22 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts forecast that American Eagle Outfitters will post $1.09 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Friday, July 7th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Wednesday, July 5th. American Eagle Outfitters’s payout ratio is 46.30%.

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Institutional investors have recently made changes to their positions in the company. Comerica Bank boosted its position in shares of American Eagle Outfitters by 5.8% in the fourth quarter. Comerica Bank now owns 129,811 shares of the apparel retailer’s stock worth $1,974,000 after buying an additional 7,170 shares during the last quarter. Tudor Investment Corp Et Al boosted its position in shares of American Eagle Outfitters by 28.8% in the fourth quarter. Tudor Investment Corp Et Al now owns 24,600 shares of the apparel retailer’s stock worth $373,000 after buying an additional 5,500 shares during the last quarter. Guggenheim Capital LLC boosted its position in shares of American Eagle Outfitters by 109.6% in the fourth quarter. Guggenheim Capital LLC now owns 148,742 shares of the apparel retailer’s stock worth $2,256,000 after buying an additional 77,788 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of American Eagle Outfitters by 9.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 29,240 shares of the apparel retailer’s stock worth $444,000 after buying an additional 2,430 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of American Eagle Outfitters during the fourth quarter worth about $25,213,000. Institutional investors own 89.51% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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