Royal Bank Of Canada reissued their buy rating on shares of American Eagle Outfitters, Inc. (NYSE:AEO) in a research report report published on Friday, May 12th. Royal Bank Of Canada currently has a $17.00 price target on the apparel retailer’s stock.
AEO has been the subject of several other research reports. Telsey Advisory Group upgraded shares of American Eagle Outfitters from a market perform rating to an outperform rating and set a $19.00 price objective for the company in a research note on Wednesday, January 25th. They noted that the move was a valuation call. Bank of America Corporation cut shares of American Eagle Outfitters from a buy rating to a neutral rating and dropped their price objective for the stock from $21.00 to $15.00 in a research note on Thursday, March 2nd. BMO Capital Markets dropped their price objective on shares of American Eagle Outfitters from $21.00 to $18.00 and set an outperform rating for the company in a research note on Thursday, March 2nd. Buckingham Research assumed coverage on shares of American Eagle Outfitters in a research note on Tuesday, January 24th. They issued a neutral rating and a $16.00 price objective for the company. Finally, Oppenheimer Holdings, Inc. set a $15.00 target price on shares of American Eagle Outfitters and gave the company a hold rating in a report on Monday, March 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $16.11.
Shares of American Eagle Outfitters (AEO) traded up 0.87% during mid-day trading on Friday, hitting $11.58. The stock had a trading volume of 5,290,243 shares. American Eagle Outfitters has a 52 week low of $10.56 and a 52 week high of $19.55. The stock has a market cap of $2.05 billion, a P/E ratio of 10.71 and a beta of 1.10. The stock has a 50-day moving average price of $12.27 and a 200 day moving average price of $14.32.
American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, May 17th. The apparel retailer reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $761.80 million for the quarter, compared to analyst estimates of $741.76 million. American Eagle Outfitters had a return on equity of 18.95% and a net margin of 5.44%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 EPS. On average, equities analysts forecast that American Eagle Outfitters will post $1.10 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Friday, July 7th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.32%. The ex-dividend date is Wednesday, July 5th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 46.30%.
A number of large investors have recently added to or reduced their stakes in AEO. Glen Harbor Capital Management LLC increased its stake 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in American Eagle Outfitters by 58.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,804 shares of the apparel retailer’s stock valued at $109,000 after buying an additional 2,877 shares during the period. Elkfork Partners LLC increased its stake in shares of American Eagle Outfitters by 2.2% in the first quarter. Elkfork Partners LLC now owns 9,212 shares of the apparel retailer’s stock worth $129,000 after buying an additional 196 shares during the last quarter. FNY Managed Accounts LLC purchased a new stake in shares of American Eagle Outfitters during the first quarter worth about $147,000. Finally, Verity Asset Management Inc. purchased a new stake in shares of American Eagle Outfitters during the first quarter worth about $152,000. 90.57% of the stock is currently owned by institutional investors and hedge funds.
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.
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