Royal Bank of Canada set a $22.00 price objective on American Eagle Outfitters (NYSE:AEO) in a report released on Thursday morning. The firm currently has a buy rating on the apparel retailer’s stock.
Several other research firms have also commented on AEO. SunTrust Banks restated a buy rating and issued a $21.00 price objective on shares of American Eagle Outfitters in a research report on Tuesday, January 9th. Cowen set a $20.00 price objective on American Eagle Outfitters and gave the stock a buy rating in a research report on Thursday, January 18th. Telsey Advisory Group increased their target price on American Eagle Outfitters from $19.00 to $22.00 and gave the company an outperform rating in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded American Eagle Outfitters from a hold rating to a buy rating and set a $14.00 target price on the stock in a research report on Thursday, November 9th. Finally, BMO Capital Markets set a $21.00 target price on American Eagle Outfitters and gave the company a buy rating in a research report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Hold and an average price target of $18.00.
Shares of American Eagle Outfitters (AEO) opened at $19.54 on Thursday. American Eagle Outfitters has a 52-week low of $10.23 and a 52-week high of $20.83. The company has a market capitalization of $3,464.60, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 2.60 and a beta of 1.01.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be paid a $0.1375 dividend. This is an increase from American Eagle Outfitters’s previous quarterly dividend of $0.13. This represents a $0.55 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, April 12th. American Eagle Outfitters’s dividend payout ratio is currently 43.86%.
A number of hedge funds and other institutional investors have recently bought and sold shares of AEO. Nationwide Fund Advisors raised its stake in American Eagle Outfitters by 8.2% in the 3rd quarter. Nationwide Fund Advisors now owns 439,065 shares of the apparel retailer’s stock valued at $6,279,000 after purchasing an additional 33,414 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in American Eagle Outfitters in the 3rd quarter valued at $230,000. Canada Pension Plan Investment Board raised its stake in American Eagle Outfitters by 13.8% in the 3rd quarter. Canada Pension Plan Investment Board now owns 462,400 shares of the apparel retailer’s stock valued at $6,612,000 after purchasing an additional 55,900 shares during the last quarter. Stevens Capital Management LP acquired a new position in American Eagle Outfitters in the 3rd quarter valued at $831,000. Finally, Principal Financial Group Inc. raised its stake in American Eagle Outfitters by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 710,328 shares of the apparel retailer’s stock valued at $10,158,000 after purchasing an additional 5,802 shares during the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.
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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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