American Eagle Outfitters (NYSE:AEO) had its target price upped by Bank of America from $19.00 to $20.00 in a research report sent to investors on Friday. They currently have a neutral rating on the apparel retailer’s stock.
Other equities analysts also recently issued research reports about the stock. BMO Capital Markets set a $21.00 price target on shares of American Eagle Outfitters and gave the company a buy rating in a report on Tuesday, December 19th. ValuEngine raised shares of American Eagle Outfitters from a hold rating to a buy rating in a report on Saturday, December 9th. SunTrust Banks reissued a buy rating on shares of American Eagle Outfitters in a report on Friday, February 2nd. Cowen set a $20.00 price target on shares of American Eagle Outfitters and gave the company a buy rating in a report on Thursday, January 18th. Finally, Buckingham Research raised shares of American Eagle Outfitters from a neutral rating to a buy rating and set a $22.00 price target for the company in a report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $18.00.
Shares of American Eagle Outfitters (NYSE AEO) opened at $19.63 on Friday. American Eagle Outfitters has a 12 month low of $10.23 and a 12 month high of $20.83. The firm has a market cap of $3,464.60, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 2.46 and a beta of 1.01.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be issued a $0.1375 dividend. The ex-dividend date is Thursday, April 12th. This represents a $0.55 annualized dividend and a yield of 2.80%. This is an increase from American Eagle Outfitters’s previous quarterly dividend of $0.13. American Eagle Outfitters’s dividend payout ratio is presently 43.86%.
Hedge funds have recently bought and sold shares of the stock. Cerebellum GP LLC acquired a new stake in American Eagle Outfitters in the fourth quarter worth about $129,000. Advisor Group Inc. lifted its holdings in American Eagle Outfitters by 291.6% in the fourth quarter. Advisor Group Inc. now owns 7,257 shares of the apparel retailer’s stock worth $137,000 after purchasing an additional 5,404 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in American Eagle Outfitters in the third quarter worth about $160,000. Lbmc Investment Advisors LLC acquired a new stake in American Eagle Outfitters in the third quarter worth about $182,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in American Eagle Outfitters in the fourth quarter worth about $189,000. 86.08% of the stock is owned by institutional investors and hedge funds.
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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.
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