American Eagle Outfitters (AEO) Upgraded to “Buy” by Buckingham Research

Buckingham Research upgraded shares of American Eagle Outfitters (NYSE:AEO) from a neutral rating to a buy rating in a report published on Thursday morning, MarketBeat.com reports. Buckingham Research currently has $22.00 target price on the apparel retailer’s stock.

Several other brokerages also recently weighed in on AEO. BMO Capital Markets reaffirmed a buy rating and set a $15.00 price target on shares of American Eagle Outfitters in a report on Wednesday, September 13th. SunTrust Banks reaffirmed a buy rating and set a $21.00 price target on shares of American Eagle Outfitters in a report on Tuesday. Cowen reaffirmed an outperform rating and set a $16.00 price target (up from $14.00) on shares of American Eagle Outfitters in a report on Monday, October 2nd. Telsey Advisory Group increased their price target on American Eagle Outfitters from $19.00 to $22.00 and gave the stock an outperform rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research raised American Eagle Outfitters from a hold rating to a buy rating and set a $15.00 price target for the company in a report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $15.74.

Shares of American Eagle Outfitters (NYSE:AEO) traded up $0.16 during midday trading on Thursday, hitting $18.34. The company had a trading volume of 3,488,600 shares, compared to its average volume of 5,820,000. American Eagle Outfitters has a 52-week low of $10.23 and a 52-week high of $19.48. The firm has a market capitalization of $3,250.00, a P/E ratio of 20.15, a PEG ratio of 2.10 and a beta of 1.18.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.02). American Eagle Outfitters had a return on equity of 17.42% and a net margin of 4.50%. The company had revenue of $960.00 million for the quarter, compared to analyst estimates of $960.86 million. During the same period in the prior year, the business earned $0.41 earnings per share. American Eagle Outfitters’s revenue for the quarter was up 2.1% compared to the same quarter last year. equities analysts anticipate that American Eagle Outfitters will post 1.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Thursday, December 14th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 54.95%.

Institutional investors have recently added to or reduced their stakes in the business. Chartwell Investment Partners LLC acquired a new stake in American Eagle Outfitters in the third quarter valued at $3,995,000. Paradigm Capital Management Inc. NY increased its position in shares of American Eagle Outfitters by 3.2% in the third quarter. Paradigm Capital Management Inc. NY now owns 236,300 shares of the apparel retailer’s stock valued at $3,379,000 after buying an additional 7,300 shares in the last quarter. Senvest Management LLC purchased a new position in shares of American Eagle Outfitters in the third quarter valued at $22,737,000. Verity Asset Management Inc. increased its position in shares of American Eagle Outfitters by 237.8% in the second quarter. Verity Asset Management Inc. now owns 36,588 shares of the apparel retailer’s stock valued at $441,000 after buying an additional 25,756 shares in the last quarter. Finally, Scout Investments Inc. increased its position in shares of American Eagle Outfitters by 5.8% in the third quarter. Scout Investments Inc. now owns 1,059,574 shares of the apparel retailer’s stock valued at $15,152,000 after buying an additional 57,927 shares in the last quarter. 83.20% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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