American Eagle Outfitters, Inc. (NYSE:AEO) Receives $20.36 Consensus PT from Brokerages

American Eagle Outfitters, Inc. (NYSE:AEO) has been given a consensus rating of “Hold” by the fourteen ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $20.3636.

A number of brokerages have weighed in on AEO. Wall Street Zen downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. UBS Group decreased their price target on American Eagle Outfitters from $35.00 to $31.00 and set a “buy” rating for the company in a report on Friday, May 29th. Zacks Research downgraded American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. The Goldman Sachs Group set a $22.00 price target on American Eagle Outfitters in a report on Monday, June 1st. Finally, Citigroup decreased their price target on American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, June 1st.

Insider Transactions at American Eagle Outfitters

In other news, Director Noel Joseph Spiegel sold 2,887 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.32, for a total transaction of $50,002.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Cary D. Mcmillan sold 2,887 shares of the stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.23, for a total transaction of $49,743.01. The disclosure for this sale is available in the SEC filing. 8.95% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Eagle Outfitters

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kemnay Advisory Services Inc. bought a new position in shares of American Eagle Outfitters during the 4th quarter worth about $31,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of American Eagle Outfitters in the 4th quarter worth about $32,000. Strategic Investment Solutions Inc. IL raised its holdings in shares of American Eagle Outfitters by 50.0% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 500 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of American Eagle Outfitters by 177.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,774 shares of the apparel retailer’s stock worth $47,000 after acquiring an additional 1,134 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of American Eagle Outfitters by 31.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock worth $49,000 after acquiring an additional 447 shares during the last quarter. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock opened at $17.89 on Monday. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. American Eagle Outfitters has a twelve month low of $9.56 and a twelve month high of $28.46. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 3.89 and a beta of 1.34. The company’s fifty day moving average is $17.22 and its 200 day moving average is $20.79.

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

American Eagle Outfitters Announces Dividend

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

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.