American Eagle Outfitters, Inc. (NYSE:AEO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been given an average recommendation of “Hold” by the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $20.3636.

A number of equities analysts have recently weighed in on the company. Citigroup dropped their target price on American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, June 1st. TD Cowen dropped their price target on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Needham & Company LLC began coverage on shares of American Eagle Outfitters in a research note on Thursday, March 26th. They issued a “hold” rating on the stock. Barclays dropped their price target on shares of American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. Finally, Telsey Advisory Group dropped their price target on shares of American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating on the stock in a research note on Friday, May 29th.

American Eagle Outfitters Price Performance

Shares of AEO opened at $17.82 on Monday. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 11.00, a P/E/G ratio of 3.87 and a beta of 1.34. American Eagle Outfitters has a fifty-two week low of $9.46 and a fifty-two week high of $28.46. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.53. The business’s 50-day moving average is $17.27 and its 200-day moving average is $20.97.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.29) EPS. Equities research analysts expect that American Eagle Outfitters will post 1.77 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.8%. American Eagle Outfitters’s dividend payout ratio is 30.86%.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 2,887 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.23, for a total value of $49,743.01. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Noel Joseph Spiegel sold 2,887 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.32, for a total value of $50,002.84. The disclosure for this sale is available in the SEC filing. Corporate insiders own 8.95% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

Hedge funds have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new position in American Eagle Outfitters in the fourth quarter worth approximately $31,000. Aster Capital Management DIFC Ltd acquired a new position in American Eagle Outfitters during the fourth quarter worth $32,000. Strategic Investment Solutions Inc. IL increased its position in 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 worth $26,000 after buying an additional 500 shares during the last quarter. Farther Finance Advisors LLC increased its position in American Eagle Outfitters by 177.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,774 shares of the apparel retailer’s stock worth $47,000 after buying an additional 1,134 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in American Eagle Outfitters by 31.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock worth $49,000 after buying an additional 447 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

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.