Other research analysts have also issued research reports about the stock. Royal Bank Of Canada set a $14.00 price objective on shares of American Eagle Outfitters and gave the company a buy rating in a research note on Monday, June 19th. SunTrust Banks, Inc. reiterated a buy rating and issued a $15.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Friday, May 19th. BidaskClub upgraded shares of American Eagle Outfitters from a hold rating to a buy rating in a research note on Tuesday, July 4th. ValuEngine upgraded shares of American Eagle Outfitters from a hold rating to a buy rating in a research note on Thursday, July 6th. Finally, BMO Capital Markets set a $15.00 price objective on shares of American Eagle Outfitters and gave the company a buy rating in a research note on Thursday, July 6th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $14.84.
American Eagle Outfitters (AEO) opened at 12.94 on Friday. The firm has a 50 day moving average of $11.83 and a 200-day moving average of $12.65. American Eagle Outfitters has a one year low of $10.23 and a one year high of $19.02. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 13.29 and a beta of 1.07.
American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The firm had revenue of $845.00 million for the quarter, compared to analyst estimates of $823.84 million. American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. Equities research analysts forecast that American Eagle Outfitters will post $1.13 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, October 5th. American Eagle Outfitters’s dividend payout ratio is currently 51.55%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Afam Capital Inc. boosted its holdings in shares of American Eagle Outfitters by 0.3% during the 2nd quarter. Afam Capital Inc. now owns 399,804 shares of the apparel retailer’s stock worth $4,818,000 after buying an additional 1,286 shares during the period. Sterling Capital Management LLC bought a new stake in shares of American Eagle Outfitters during the 2nd quarter worth $128,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of American Eagle Outfitters during the 2nd quarter worth $754,000. State Street Corp boosted its holdings in shares of American Eagle Outfitters by 4.5% during the 2nd quarter. State Street Corp now owns 6,011,488 shares of the apparel retailer’s stock worth $72,433,000 after buying an additional 258,845 shares during the period. Finally, Maverick Capital Ltd. bought a new stake in shares of American Eagle Outfitters during the 2nd quarter worth $3,286,000. 83.88% of the stock is owned by institutional investors and hedge funds.
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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