American Eagle Outfitters, Inc. (NYSE:AEO) Receives Average Recommendation of “Hold” from Brokerages

American Eagle Outfitters, Inc. (NYSE:AEO) has received an average recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $21.60.

AEO has been the subject of several recent research reports. Telsey Advisory Group lowered their price objective on shares of American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price target on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. BMO Capital Markets decreased their price objective on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday, December 5th. UBS Group dropped their target price on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Finally, Bank of America reduced their price target on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th.

American Eagle Outfitters Trading Up 3.1 %

Shares of American Eagle Outfitters stock opened at $16.07 on Monday. The business’s fifty day moving average price is $17.36 and its 200 day moving average price is $19.44. American Eagle Outfitters has a twelve month low of $15.36 and a twelve month high of $26.44. The stock has a market capitalization of $3.09 billion, a P/E ratio of 13.73, a PEG ratio of 1.04 and a beta of 1.53.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS 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 quarter last year, the firm posted $0.49 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, sell-side analysts predict that American Eagle Outfitters will post 1.68 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Friday, January 10th. American Eagle Outfitters’s dividend payout ratio is currently 42.74%.

Hedge Funds Weigh In On American Eagle Outfitters

Hedge funds have recently modified their holdings of the stock. Kathleen S. Wright Associates Inc. acquired a new stake in shares of American Eagle Outfitters during the 3rd quarter valued at about $32,000. Advisors Asset Management Inc. raised its position in American Eagle Outfitters by 171.1% during the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after acquiring an additional 1,608 shares in the last quarter. Park Place Capital Corp acquired a new stake in American Eagle Outfitters in the fourth quarter valued at approximately $45,000. Wilmington Savings Fund Society FSB bought a new stake in American Eagle Outfitters in the third quarter worth approximately $141,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of American Eagle Outfitters during the 3rd quarter worth $141,000. 97.33% of the stock is owned by institutional investors and hedge funds.

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.