Brokerages Set American Eagle Outfitters (AEO) Price Target at $24.67

Shares of American Eagle Outfitters (NYSE:AEO) have earned an average rating of “Buy” from the fifteen research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $24.67.

A number of equities research analysts recently weighed in on AEO shares. Deutsche Bank upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Monday, November 26th. Loop Capital set a $27.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Tuesday, December 11th. Wolfe Research restated a “peer perform” rating and issued a $22.00 price target (down previously from $27.00) on shares of American Eagle Outfitters in a report on Wednesday, December 12th. Telsey Advisory Group restated an “outperform” rating and issued a $24.00 price target (down previously from $32.00) on shares of American Eagle Outfitters in a report on Wednesday, December 12th. Finally, Royal Bank of Canada set a $24.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Wednesday, December 12th.

AEO stock opened at $20.00 on Thursday. American Eagle Outfitters has a 12 month low of $17.00 and a 12 month high of $29.88. The stock has a market cap of $3.45 billion, a P/E ratio of 13.51, a PEG ratio of 1.76 and a beta of 0.78.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. American Eagle Outfitters had a net margin of 6.49% and a return on equity of 20.86%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the company earned $0.44 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts predict that American Eagle Outfitters will post 1.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be issued a $0.1375 dividend. The ex-dividend date is Thursday, April 11th. This represents a $0.55 annualized dividend and a dividend yield of 2.75%. American Eagle Outfitters’s dividend payout ratio is currently 37.16%.

In other news, EVP Andrew J. Mclean sold 15,196 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $20.75, for a total value of $315,317.00. Following the completion of the sale, the executive vice president now owns 30,180 shares in the company, valued at approximately $626,235. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 6.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. raised its stake in shares of American Eagle Outfitters by 52.1% during the 4th quarter. American Century Companies Inc. now owns 1,009,555 shares of the apparel retailer’s stock worth $19,515,000 after acquiring an additional 345,597 shares in the last quarter. Geode Capital Management LLC grew its position in American Eagle Outfitters by 13.6% during the 4th quarter. Geode Capital Management LLC now owns 1,863,590 shares of the apparel retailer’s stock worth $36,022,000 after purchasing an additional 223,029 shares during the last quarter. Sowell Financial Services LLC grew its position in American Eagle Outfitters by 8.3% during the 4th quarter. Sowell Financial Services LLC now owns 11,447 shares of the apparel retailer’s stock worth $221,000 after purchasing an additional 873 shares during the last quarter. Norges Bank purchased a new stake in American Eagle Outfitters during the 4th quarter worth approximately $47,019,000. Finally, FMR LLC grew its position in American Eagle Outfitters by 5,883.7% during the 4th quarter. FMR LLC now owns 1,192,430 shares of the apparel retailer’s stock worth $23,050,000 after purchasing an additional 1,172,502 shares during the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle 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: Cost of equity and a company’s balance sheet

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.