American Eagle Outfitters, Inc. (NYSE:AEO – Get Free Report) has been given a consensus rating of “Hold” by the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $22.40.
A number of analysts have recently issued reports on AEO shares. Telsey Advisory Group dropped their price objective on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday, December 5th. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. UBS Group decreased their price objective on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $23.00 target price (down previously from $27.00) on shares of American Eagle Outfitters in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group decreased their price target on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, November 12th.
View Our Latest Research Report on American Eagle Outfitters
American Eagle Outfitters Stock Down 4.7 %
American Eagle Outfitters (NYSE:AEO – Get Free Report) last announced its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the firm posted $0.49 earnings per share. American Eagle Outfitters’s quarterly revenue was down .9% on a year-over-year basis. As a group, research analysts anticipate that American Eagle Outfitters will post 1.69 EPS for the current fiscal year.
American Eagle Outfitters Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, January 10th. This represents a $0.50 annualized dividend and a yield of 3.05%. American Eagle Outfitters’s payout ratio is currently 42.74%.
Insider Buying and Selling at American Eagle Outfitters
In related news, Director David M. Sable sold 18,420 shares of American Eagle Outfitters stock in a transaction on Friday, September 27th. The shares were sold at an average price of $22.04, for a total value of $405,976.80. Following the sale, the director now owns 39,356 shares in the company, valued at $867,406.24. The trade was a 31.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jennifer M. Foyle sold 30,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total transaction of $653,700.00. Following the completion of the transaction, the insider now owns 200,427 shares of the company’s stock, valued at $4,367,304.33. This trade represents a 13.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,703 shares of company stock worth $1,108,738. 7.30% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On American Eagle Outfitters
Hedge funds and other institutional investors have recently modified their holdings of the stock. Investors Research Corp lifted its holdings in American Eagle Outfitters by 1.4% in the third quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock worth $1,035,000 after buying an additional 650 shares during the period. Arizona State Retirement System raised its position in shares of American Eagle Outfitters by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock worth $1,049,000 after acquiring an additional 963 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of American Eagle Outfitters by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock valued at $1,856,000 after purchasing an additional 1,000 shares during the period. Segall Bryant & Hamill LLC boosted its position in shares of American Eagle Outfitters by 2.1% during the third quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer’s stock valued at $1,112,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in American Eagle Outfitters in the third quarter worth $32,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.
About American Eagle Outfitters
American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.
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