Royal Bank of Canada restated their buy rating on shares of American Eagle Outfitters (NYSE:AEO) in a research report report published on Friday morning. They currently have a $17.00 price target on the apparel retailer’s stock.
Several other research analysts also recently commented on the company. Buckingham Research started coverage on American Eagle Outfitters in a research note on Tuesday, January 24th. They issued a neutral rating and a $16.00 price objective on the stock. Telsey Advisory Group raised American Eagle Outfitters from a market perform rating to an outperform rating and set a $19.00 price objective on the stock in a research note on Wednesday, January 25th. They noted that the move was a valuation call. Wolfe Research downgraded American Eagle Outfitters from an outperform rating to a market perform rating in a research note on Tuesday, January 31st. Goldman Sachs Group Inc reaffirmed a sell rating on shares of American Eagle Outfitters in a research note on Sunday, February 5th. Finally, Mizuho decreased their price objective on American Eagle Outfitters from $16.00 to $15.00 and set a neutral rating on the stock in a research note on Wednesday, March 1st. Three research analysts have rated the stock with a sell rating, eleven have given 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 $17.26.
Shares of American Eagle Outfitters (NYSE:AEO) opened at 11.05 on Friday. American Eagle Outfitters has a 1-year low of $10.91 and a 1-year high of $19.55. The stock’s 50 day moving average price is $13.69 and its 200-day moving average price is $15.26. The company has a market capitalization of $2.01 billion, a PE ratio of 9.53 and a beta of 0.91. American Eagle Outfitters also saw some unusual options trading on Monday. Traders acquired 9,259 put options on the company. This is an increase of approximately 1,071% compared to the typical daily volume of 791 put options.
American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, May 17th. The apparel retailer reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. American Eagle Outfitters had a net margin of 6.62% and a return on equity of 21.77%. The firm had revenue of $761.80 million during the quarter, compared to the consensus estimate of $741.76 million. During the same period in the prior year, the company posted $0.22 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. On average, equities analysts predict that American Eagle Outfitters will post $1.16 EPS for the current year.
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The company also recently declared a quarterly dividend, which was paid on Friday, April 21st. Shareholders of record on Friday, April 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend was Wednesday, April 5th. American Eagle Outfitters’s dividend payout ratio is presently 39.06%.
Institutional investors have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. boosted its position in American Eagle Outfitters by 0.4% in the first quarter. Capstone Asset Management Co. now owns 15,667 shares of the apparel retailer’s stock valued at $220,000 after buying an additional 60 shares in the last quarter. Bessemer Group Inc. boosted its position in American Eagle Outfitters by 0.3% in the fourth quarter. Bessemer Group Inc. now owns 42,989 shares of the apparel retailer’s stock valued at $652,000 after buying an additional 120 shares in the last quarter. Glen Harbor Capital Management LLC boosted its position in American Eagle Outfitters by 2.2% in the first quarter. Glen Harbor Capital Management LLC now owns 7,238 shares of the apparel retailer’s stock valued at $102,000 after buying an additional 154 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in American Eagle Outfitters by 0.8% in the third quarter. First Citizens Bank & Trust Co. now owns 22,549 shares of the apparel retailer’s stock valued at $403,000 after buying an additional 176 shares in the last quarter. Finally, Elkfork Partners LLC boosted its position in American Eagle Outfitters by 2.2% in the first quarter. Elkfork Partners LLC now owns 9,212 shares of the apparel retailer’s stock valued at $129,000 after buying an additional 196 shares in the last quarter. Institutional investors and hedge funds own 95.68% of the company’s stock.
American Eagle Outfitters Company Profile
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.
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