American Eagle Outfitters (AEO) Downgraded by ValuEngine

ValuEngine cut shares of American Eagle Outfitters (NYSE:AEO) from a buy rating to a hold rating in a research report released on Friday, ValuEngine reports.

AEO has been the topic of several other research reports. Zacks Investment Research raised shares of American Eagle Outfitters from a hold rating to a buy rating and set a $24.00 price objective on the stock in a research note on Tuesday, February 12th. Jefferies Financial Group set a $28.00 price target on shares of American Eagle Outfitters and gave the company a buy rating in a research note on Thursday, March 7th. Royal Bank of Canada lowered shares of American Eagle Outfitters from an outperform rating to a sector perform rating and set a $24.00 price target on the stock. in a research note on Thursday, May 9th. They noted that the move was a valuation call. Finally, Wedbush lowered shares of American Eagle Outfitters from an outperform rating to a neutral rating in a research note on Thursday, May 9th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $24.62.

American Eagle Outfitters stock opened at $20.44 on Friday. American Eagle Outfitters has a fifty-two week low of $17.00 and a fifty-two week high of $29.88. The company has a market cap of $3.75 billion, a P/E ratio of 13.81, a PEG ratio of 1.97 and a beta of 0.80.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $0.43 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm earned $0.44 EPS. American Eagle Outfitters’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts forecast that American Eagle Outfitters will post 1.59 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were paid a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Thursday, April 11th. American Eagle Outfitters’s payout ratio is currently 37.16%.

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 117,051 shares of American Eagle Outfitters stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $23.53, for a total value of $2,754,210.03. Following the transaction, the insider now owns 144,228 shares of the company’s stock, valued at $3,393,684.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew J. Mclean sold 15,196 shares of American Eagle Outfitters stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $20.75, for a total transaction of $315,317.00. Following the completion of the transaction, the executive vice president now directly owns 30,180 shares in the company, valued at approximately $626,235. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,820 shares of company stock worth $3,151,706. Insiders own 6.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc raised its holdings in shares of American Eagle Outfitters by 9.8% in the third quarter. Vanguard Group Inc now owns 17,117,791 shares of the apparel retailer’s stock valued at $425,035,000 after purchasing an additional 1,521,279 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of American Eagle Outfitters by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 7,664,664 shares of the apparel retailer’s stock valued at $169,924,000 after purchasing an additional 136,378 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of American Eagle Outfitters by 1.5% in the fourth quarter. Bank of New York Mellon Corp now owns 4,925,356 shares of the apparel retailer’s stock valued at $95,206,000 after purchasing an additional 71,185 shares during the last quarter. Northern Trust Corp raised its holdings in shares of American Eagle Outfitters by 5.0% in the first quarter. Northern Trust Corp now owns 3,322,602 shares of the apparel retailer’s stock valued at $73,663,000 after purchasing an additional 157,561 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of American Eagle Outfitters by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 3,180,333 shares of the apparel retailer’s stock valued at $78,968,000 after purchasing an additional 125,615 shares during the last quarter. Institutional investors own 92.67% 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 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.

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Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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