American Eagle Outfitters (NYSE:AEO) Rating Lowered to Sell at ValuEngine

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ValuEngine lowered shares of American Eagle Outfitters (NYSE:AEO) from a hold rating to a sell rating in a research note published on Tuesday morning, ValuEngine reports.

A number of other brokerages also recently weighed in on AEO. Royal Bank of Canada downgraded shares of American Eagle Outfitters from an outperform rating to a sector perform rating and set a $24.00 price target for the company. in a report on Thursday, May 9th. They noted that the move was a valuation call. Wedbush downgraded shares of American Eagle Outfitters from an outperform rating to a neutral rating in a report on Thursday, May 9th. Zacks Investment Research downgraded shares of American Eagle Outfitters from a hold rating to a sell rating in a report on Tuesday, May 7th. Finally, Jefferies Financial Group set a $28.00 price target on shares of American Eagle Outfitters and gave the stock a buy rating in a report on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $23.73.

NYSE AEO opened at $17.57 on Tuesday. American Eagle Outfitters has a 12-month low of $16.31 and a 12-month high of $29.88. The company has a quick ratio of 0.76, a current ratio of 1.46 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 1.58 and a beta of 1.07.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, June 5th. The apparel retailer reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.03. American Eagle Outfitters had a net margin of 6.41% and a return on equity of 20.80%. The company had revenue of $886.29 million during the quarter, compared to the consensus estimate of $855.55 million. During the same quarter in the prior year, the firm posted $0.23 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. On average, research analysts forecast that American Eagle Outfitters will post 1.58 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be issued a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Thursday, July 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 37.16%.

In related news, EVP Andrew J. Mclean sold 15,196 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $20.75, for a total value of $315,317.00. Following the completion of the transaction, the executive vice president now owns 30,180 shares of the company’s stock, valued at approximately $626,235. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Charles F. Kessler sold 3,573 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $23.00, for a total transaction of $82,179.00. Following the completion of the transaction, the insider now directly owns 132,618 shares of the company’s stock, valued at approximately $3,050,214. The disclosure for this sale can be found here. In the last three months, insiders sold 135,820 shares of company stock valued at $3,151,706. 6.30% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc lifted its stake in American Eagle Outfitters by 9.8% in the 3rd quarter. Vanguard Group Inc now owns 17,117,791 shares of the apparel retailer’s stock valued at $425,035,000 after purchasing an additional 1,521,279 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in American Eagle Outfitters by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,664,664 shares of the apparel retailer’s stock valued at $169,924,000 after purchasing an additional 136,378 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in American Eagle Outfitters by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 4,925,356 shares of the apparel retailer’s stock valued at $95,206,000 after purchasing an additional 71,185 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in American Eagle Outfitters by 12.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,651,770 shares of the apparel retailer’s stock valued at $80,960,000 after purchasing an additional 410,032 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in American Eagle Outfitters by 5.0% in the 1st quarter. Northern Trust Corp now owns 3,322,602 shares of the apparel retailer’s stock valued at $73,663,000 after purchasing an additional 157,561 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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