Bank of America Cuts American Eagle Outfitters (NYSE:AEO) Price Target to $18.00

American Eagle Outfitters (NYSE:AEO) had its price target reduced by Bank of America from $21.00 to $18.00 in a report published on Wednesday,Benzinga reports. They currently have a neutral rating on the apparel retailer’s stock.

A number of other brokerages have also recently issued reports on AEO. Barclays lowered their price objective on American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Jefferies Financial Group lowered their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, November 12th. Telsey Advisory Group cut their price objective on shares of American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating on the stock in a research report on Tuesday. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Raymond James started coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.60.

American Eagle Outfitters Trading Up 1.2 %

Shares of American Eagle Outfitters stock opened at $16.11 on Wednesday. The business has a fifty day simple moving average of $17.48 and a two-hundred day simple moving average of $19.49. The firm has a market capitalization of $3.09 billion, a P/E ratio of 13.77, a P/E/G ratio of 1.04 and a beta of 1.53. American Eagle Outfitters has a 12 month low of $15.36 and a 12 month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm posted $0.49 earnings per share. American Eagle Outfitters’s quarterly revenue was down .9% on a year-over-year basis. Analysts predict that American Eagle Outfitters will post 1.68 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.10%. American Eagle Outfitters’s payout ratio is 42.74%.

Institutional Trading of American Eagle Outfitters

Large investors have recently modified their holdings of the company. Kathleen S. Wright Associates Inc. bought a new position in American Eagle Outfitters in the third quarter worth approximately $32,000. Advisors Asset Management Inc. lifted its holdings in American Eagle Outfitters by 171.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after purchasing an additional 1,608 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of American Eagle Outfitters during the third quarter worth $141,000. Meeder Asset Management Inc. purchased a new position in shares of American Eagle Outfitters during the third quarter valued at about $141,000. Finally, ORG Partners LLC bought a new stake in shares of American Eagle Outfitters in the fourth quarter worth about $147,000. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

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.