Jefferies Financial Group Analysts Give American Eagle Outfitters (AEO) a $33.00 Price Target

Jefferies Financial Group set a $33.00 price objective on American Eagle Outfitters (NYSE:AEO) in a report issued on Wednesday, July 25th. The brokerage currently has a buy rating on the apparel retailer’s stock. Jefferies Financial Group also issued estimates for American Eagle Outfitters’ Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.53 EPS, Q4 2019 earnings at $0.53 EPS, FY2019 earnings at $1.60 EPS and FY2020 earnings at $1.75 EPS.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of American Eagle Outfitters from a hold rating to a buy rating and set a $23.00 price objective for the company in a research note on Monday, May 7th. Loop Capital set a $27.00 price objective on shares of American Eagle Outfitters and gave the company a buy rating in a research note on Friday, July 6th. UBS Group started coverage on shares of American Eagle Outfitters in a research note on Thursday, June 21st. They set a buy rating for the company. B. Riley upped their price objective on shares of American Eagle Outfitters from $26.00 to $27.00 and gave the company a buy rating in a research note on Monday, June 4th. Finally, SunTrust Banks downgraded shares of American Eagle Outfitters from a buy rating to a hold rating in a research note on Monday, May 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $21.88.

Shares of American Eagle Outfitters opened at $27.42 on Wednesday, MarketBeat Ratings reports. The stock has a market cap of $4.70 billion, a PE ratio of 23.64, a PEG ratio of 2.20 and a beta of 1.01. American Eagle Outfitters has a 12 month low of $10.23 and a 12 month high of $27.61.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Thursday, May 31st. The apparel retailer reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $823.00 million during the quarter, compared to the consensus estimate of $811.46 million. American Eagle Outfitters had a net margin of 5.67% and a return on equity of 18.65%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 earnings per share. sell-side analysts predict that American Eagle Outfitters will post 1.52 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 27th. Investors of record on Friday, July 13th were given a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Thursday, July 12th. American Eagle Outfitters’s dividend payout ratio is currently 47.41%.

In other American Eagle Outfitters news, insider Charles F. Kessler sold 140,427 shares of the company’s stock in a transaction dated Wednesday, May 23rd. The shares were sold at an average price of $22.36, for a total value of $3,139,947.72. Following the sale, the insider now owns 260,508 shares in the company, valued at $5,824,958.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Charles F. Kessler sold 165,746 shares of the company’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $22.00, for a total transaction of $3,646,412.00. Following the completion of the sale, the insider now owns 239,627 shares in the company, valued at approximately $5,271,794. The disclosure for this sale can be found here. Insiders have sold 3,618,521 shares of company stock worth $87,793,251 in the last quarter. 6.30% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in American Eagle Outfitters by 15.2% in the second quarter. BlackRock Inc. now owns 21,201,648 shares of the apparel retailer’s stock worth $492,940,000 after purchasing an additional 2,795,939 shares during the period. Ceredex Value Advisors LLC purchased a new stake in American Eagle Outfitters in the first quarter worth about $60,754,000. Senvest Management LLC grew its holdings in American Eagle Outfitters by 44.1% in the first quarter. Senvest Management LLC now owns 2,764,500 shares of the apparel retailer’s stock worth $55,096,000 after purchasing an additional 845,400 shares during the period. Wedge Capital Management L L P NC purchased a new stake in American Eagle Outfitters in the second quarter worth about $44,997,000. Finally, United Services Automobile Association grew its holdings in American Eagle Outfitters by 1,258.8% in the second quarter. United Services Automobile Association now owns 1,805,286 shares of the apparel retailer’s stock worth $27,061,000 after purchasing an additional 1,672,429 shares during the period. Institutional investors and hedge funds own 84.26% of the company’s stock.

American Eagle Outfitters Company Profile

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

Recommended Story: Diversification For Individual Investors

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply