American Eagle Outfitters’ (AEO) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of American Eagle Outfitters (NYSE:AEO) in a research note released on Thursday,Benzinga reports. The firm currently has a $28.00 price objective on the apparel retailer’s stock.

Other equities analysts have also issued reports about the company. Barclays increased their price target on American Eagle Outfitters from $20.00 to $24.00 and gave the company an “underweight” rating in a research note on Tuesday, January 6th. Royal Bank Of Canada set a $23.00 target price on shares of American Eagle Outfitters in a report on Wednesday, December 3rd. TD Cowen reaffirmed a “hold” rating on shares of American Eagle Outfitters in a research note on Wednesday, December 3rd. The Goldman Sachs Group started coverage on American Eagle Outfitters in a research report on Thursday, December 11th. They issued a “neutral” rating and a $25.00 price target for the company. Finally, JPMorgan Chase & Co. upgraded American Eagle Outfitters from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $14.00 to $20.00 in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, American Eagle Outfitters currently has a consensus rating of “Hold” and a consensus target price of $22.45.

American Eagle Outfitters Price Performance

AEO stock opened at $24.57 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63. The company’s fifty day moving average price is $25.26 and its 200-day moving average price is $20.42. American Eagle Outfitters has a one year low of $9.27 and a one year high of $28.46. The company has a market capitalization of $4.17 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 6.43 and a beta of 1.42.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.32 billion. American Eagle Outfitters had a net margin of 3.90% and a return on equity of 13.82%. American Eagle Outfitters’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 EPS. On average, equities analysts anticipate that American Eagle Outfitters will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, January 9th. This represents a $0.50 annualized dividend and a dividend yield of 2.0%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 43.10%.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Noel Joseph Spiegel sold 1,896 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total value of $48,651.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Cary D. Mcmillan sold 1,896 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $26.21, for a total transaction of $49,694.16. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 246,839 shares of company stock valued at $6,004,388. Company insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL lifted its position in shares of American Eagle Outfitters by 50.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock valued at $26,000 after buying an additional 500 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in American Eagle Outfitters in the fourth quarter valued at approximately $31,000. Aster Capital Management DIFC Ltd purchased a new position in American Eagle Outfitters in the fourth quarter worth $32,000. Raymond James Financial Inc. acquired a new position in shares of American Eagle Outfitters during the second quarter worth $35,000. Finally, Strs Ohio purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter valued at $36,000. 97.33% of the stock is owned by institutional investors.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.