American Eagle Outfitters (NYSE:AEO) updated its first quarter 2021 earnings guidance on Tuesday. The company provided EPS guidance of – for the period. The company issued revenue guidance of $1 B-, compared to the consensus revenue estimate of $904.12 million.
A number of analysts have weighed in on the company. Royal Bank of Canada initiated coverage on American Eagle Outfitters in a report on Friday, April 23rd. They set an outperform rating and a $37.00 price target for the company. Deutsche Bank Aktiengesellschaft raised their target price on American Eagle Outfitters from $32.00 to $41.00 and gave the company a buy rating in a research note on Monday, April 19th. JPMorgan Chase & Co. raised their target price on American Eagle Outfitters from $30.00 to $42.00 and gave the company an overweight rating in a research note on Monday, April 19th. UBS Group raised their target price on American Eagle Outfitters from $31.00 to $37.00 in a research note on Thursday, March 4th. Finally, Telsey Advisory Group raised their target price on American Eagle Outfitters from $28.00 to $35.00 and gave the company a market perform rating in a research note on Wednesday, April 21st. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $31.63.
AEO stock traded down $0.29 during mid-day trading on Tuesday, reaching $36.01. 2,124,226 shares of the company traded hands, compared to its average volume of 4,730,369. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of -28.24 and a beta of 1.42. The company has a quick ratio of 1.06, a current ratio of 1.69 and a debt-to-equity ratio of 0.30. American Eagle Outfitters has a fifty-two week low of $7.20 and a fifty-two week high of $38.28. The firm’s 50 day moving average price is $32.01 and its 200 day moving average price is $23.53.
The company also recently announced a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, March 12th were given a dividend of $0.1375 per share. The ex-dividend date of this dividend was Thursday, March 11th. This represents a $0.55 annualized dividend and a dividend yield of 1.53%. American Eagle Outfitters’s dividend payout ratio is currently 37.16%.
In related news, insider Charles F. Kessler sold 164,908 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, April 16th. The shares were sold at an average price of $34.45, for a total value of $5,681,080.60. Following the sale, the insider now owns 208,115 shares of the company’s stock, valued at approximately $7,169,561.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stacy Siegal sold 26,291 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, April 23rd. The stock was sold at an average price of $37.93, for a total transaction of $997,217.63. Following the completion of the sale, the executive vice president now directly owns 40,322 shares in the company, valued at approximately $1,529,413.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 278,088 shares of company stock worth $9,733,038. Insiders own 8.10% of the company’s stock.
American Eagle Outfitters Company Profile
American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, activewear, and swim collections, as well as personal care products for women.
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