Analysts Set American Eagle Outfitters (AEO) Target Price at $18.47

American Eagle Outfitters (NYSE:AEO) has been assigned a consensus rating of “Buy” from the twenty-two ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $18.47.

A number of research analysts recently weighed in on AEO shares. ValuEngine raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, December 9th. Buckingham Research raised American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a report on Thursday, January 11th. Jefferies Group reissued a “buy” rating and set a $24.00 price objective on shares of American Eagle Outfitters in a report on Friday, February 23rd. Telsey Advisory Group increased their price objective on American Eagle Outfitters from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th.

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Shares of AEO stock opened at $21.04 on Wednesday. The firm has a market cap of $3,767.79, a P/E ratio of 18.32, a PEG ratio of 2.05 and a beta of 1.03. American Eagle Outfitters has a twelve month low of $10.23 and a twelve month high of $21.35.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Thursday, March 8th. The apparel retailer reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. American Eagle Outfitters had a return on equity of 17.91% and a net margin of 5.38%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 EPS. analysts forecast that American Eagle Outfitters will post 1.46 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be given a dividend of $0.1375 per share. This is an increase from American Eagle Outfitters’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.55 dividend on an annualized basis and a yield of 2.61%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 43.10%.

In related news, insider Jennifer M. Foyle sold 22,000 shares of the firm’s stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $19.69, for a total value of $433,180.00. Following the sale, the insider now directly owns 49,791 shares of the company’s stock, valued at $980,384.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael R. Rempell sold 9,467 shares of the firm’s stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $20.10, for a total value of $190,286.70. The disclosure for this sale can be found here. Insiders have sold 61,467 shares of company stock worth $1,225,867 in the last 90 days. Company insiders own 5.80% of the company’s stock.

A number of institutional investors have recently bought and sold shares of AEO. Nationwide Fund Advisors boosted its position in American Eagle Outfitters by 8.2% during the 3rd quarter. Nationwide Fund Advisors now owns 439,065 shares of the apparel retailer’s stock valued at $6,279,000 after acquiring an additional 33,414 shares in the last quarter. New York State Common Retirement Fund boosted its position in American Eagle Outfitters by 11.0% during the 3rd quarter. New York State Common Retirement Fund now owns 204,895 shares of the apparel retailer’s stock valued at $2,930,000 after acquiring an additional 20,295 shares in the last quarter. Ameriprise Financial Inc. boosted its position in American Eagle Outfitters by 205.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,280,569 shares of the apparel retailer’s stock valued at $32,611,000 after acquiring an additional 1,534,344 shares in the last quarter. Nordea Investment Management AB boosted its position in American Eagle Outfitters by 5.7% during the 3rd quarter. Nordea Investment Management AB now owns 172,906 shares of the apparel retailer’s stock valued at $2,473,000 after acquiring an additional 9,279 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in American Eagle Outfitters by 7.8% during the 3rd quarter. Legal & General Group Plc now owns 291,015 shares of the apparel retailer’s stock valued at $4,160,000 after acquiring an additional 21,093 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

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American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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