American Eagle Outfitters (NYSE:AEO) Price Target Lowered to $19.00 at Jefferies Financial Group

American Eagle Outfitters (NYSE:AEO) had its price target lowered by Jefferies Financial Group from $22.00 to $19.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the apparel retailer’s stock.

Other equities research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. UBS Group dropped their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price objective on shares of American Eagle Outfitters in a research note on Wednesday, October 2nd. Barclays decreased their price target on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Finally, TD Cowen decreased their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.00.

American Eagle Outfitters Trading Down 1.5 %

Shares of American Eagle Outfitters stock opened at $17.94 on Tuesday. American Eagle Outfitters has a twelve month low of $15.92 and a twelve month high of $26.44. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. The company has a fifty day moving average price of $20.15 and a 200 day moving average price of $21.12.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 earnings per share. Analysts forecast that American Eagle Outfitters will post 1.78 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio is presently 40.00%.

Insiders Place Their Bets

In related news, CEO Jay L. Schottenstein sold 999,999 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the transaction, the chief executive officer now directly owns 1,771,851 shares in the company, valued at $35,507,894.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the transaction, the chief executive officer now directly owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Cary D. Mcmillan sold 2,283 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. The disclosure for this sale can be found here. Insiders have sold 1,050,702 shares of company stock valued at $21,148,718 over the last quarter. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in American Eagle Outfitters by 1.5% in the first quarter. Vanguard Group Inc. now owns 20,788,750 shares of the apparel retailer’s stock worth $536,142,000 after purchasing an additional 310,808 shares during the period. Congress Asset Management Co. bought a new position in shares of American Eagle Outfitters in the third quarter valued at approximately $119,691,000. American Century Companies Inc. increased its stake in shares of American Eagle Outfitters by 18.1% during the second quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock valued at $89,263,000 after acquiring an additional 684,420 shares during the period. Victory Capital Management Inc. raised its holdings in American Eagle Outfitters by 40.6% during the third quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock worth $97,858,000 after purchasing an additional 1,262,693 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its position in American Eagle Outfitters by 36.4% in the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock worth $64,727,000 after purchasing an additional 865,355 shares during the period. Institutional investors and hedge funds 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.