American Eagle Outfitters, Inc. (AEO) Given a $14.00 Price Target by Royal Bank Of Canada Analysts

Royal Bank Of Canada set a $14.00 price target on American Eagle Outfitters, Inc. (NYSE:AEO) in a research note published on Monday. The firm currently has a buy rating on the apparel retailer’s stock.

Several other research analysts also recently commented on AEO. Wolfe Research downgraded shares of American Eagle Outfitters from a peer perform rating to an underperform rating in a report on Tuesday, May 9th. Jefferies Group LLC set a $19.00 price objective on shares of American Eagle Outfitters and gave the company a buy rating in a report on Wednesday, May 10th. Deutsche Bank AG reissued a buy rating and set a $20.00 price objective on shares of American Eagle Outfitters in a report on Monday, April 24th. B. Riley downgraded shares of American Eagle Outfitters from a buy rating to a neutral rating and dropped their price objective for the company from $18.00 to $15.00 in a report on Tuesday, April 18th. Finally, Vetr downgraded shares of American Eagle Outfitters from a strong-buy rating to a buy rating and set a $16.67 price objective for the company. in a report on Thursday, March 2nd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $16.11.

Shares of American Eagle Outfitters (NYSE:AEO) traded down 2.42% during midday trading on Monday, hitting $11.31. The company had a trading volume of 902,606 shares. The firm has a market capitalization of $2.00 billion, a P/E ratio of 10.46 and a beta of 1.10. American Eagle Outfitters has a 1-year low of $10.56 and a 1-year high of $19.55. The stock has a 50 day moving average price of $12.20 and a 200 day moving average price of $14.23.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, May 17th. The apparel retailer reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.01. The firm had revenue of $761.80 million during the quarter, compared to the consensus estimate of $741.76 million. American Eagle Outfitters had a return on equity of 18.95% and a net margin of 5.44%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 EPS. On average, equities analysts anticipate that American Eagle Outfitters will post $1.10 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Friday, July 7th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Wednesday, July 5th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 46.30%.

A number of hedge funds have recently bought and sold shares of the company. Glen Harbor Capital Management LLC raised 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 worth $102,000 after buying an additional 154 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised 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 worth $109,000 after buying an additional 2,877 shares during the period. Elkfork Partners LLC raised its stake 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 worth $129,000 after buying an additional 196 shares during the period. FNY Managed Accounts LLC purchased a new stake in American Eagle Outfitters during the first quarter worth $147,000. Finally, Verity Asset Management Inc. purchased a new stake in American Eagle Outfitters during the first quarter worth $152,000. 90.56% of the stock is currently owned by institutional investors.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AEO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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