UBS Group set a $26.00 target price on American Eagle Outfitters (NYSE:AEO) in a research report released on Friday, TipRanks reports. The firm currently has a buy rating on the apparel retailer’s stock.
Other research analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of American Eagle Outfitters from a hold rating to a buy rating in a research report on Wednesday, May 1st. Jefferies Financial Group set a $28.00 price objective on shares of American Eagle Outfitters and gave the stock a buy rating in a research report on Thursday, March 7th. Zacks Investment Research upgraded shares of American Eagle Outfitters from a sell rating to a hold rating and set a $22.00 price objective for the company in a research report on Monday, May 27th. Wedbush dropped their price objective on shares of American Eagle Outfitters from $25.00 to $20.00 and set a neutral rating for the company in a research report on Thursday, June 6th. Finally, Royal Bank of Canada lowered shares of American Eagle Outfitters from an outperform rating to a sector perform rating and set a $24.00 target price for the company. in a report on Thursday, May 9th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. American Eagle Outfitters currently has a consensus rating of Hold and an average price target of $23.73.
AEO stock opened at $17.70 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.46 and a debt-to-equity ratio of 1.07. The stock has a 50 day moving average of $18.93. American Eagle Outfitters has a fifty-two week low of $16.31 and a fifty-two week high of $29.88. The company has a market cap of $3.12 billion, a PE ratio of 11.96, a PEG ratio of 1.72 and a beta of 1.07.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be issued a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Thursday, July 11th. American Eagle Outfitters’s dividend payout ratio is presently 37.16%.
In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 117,051 shares of American Eagle Outfitters stock in a transaction on Monday, May 6th. The shares were sold at an average price of $23.53, for a total transaction of $2,754,210.03. Following the completion of the sale, the insider now owns 144,228 shares of the company’s stock, valued at approximately $3,393,684.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Charles F. Kessler sold 3,573 shares of American Eagle Outfitters stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $23.00, for a total transaction of $82,179.00. Following the sale, the insider now directly owns 132,618 shares of the company’s stock, valued at approximately $3,050,214. The disclosure for this sale can be found here. 7.20% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the company. FMR LLC lifted its position in American Eagle Outfitters by 80.5% in the 1st quarter. FMR LLC now owns 2,152,703 shares of the apparel retailer’s stock valued at $47,726,000 after acquiring an additional 960,273 shares in the last quarter. Lombard Odier Asset Management USA Corp bought a new stake in American Eagle Outfitters in the 1st quarter valued at $2,771,000. First Dallas Securities Inc. bought a new stake in American Eagle Outfitters in the 1st quarter valued at $223,000. Advisory Services Network LLC bought a new stake in American Eagle Outfitters in the 1st quarter valued at $30,000. Finally, Marshall Wace LLP bought a new stake in American Eagle Outfitters in the 1st quarter valued at $198,000. 90.74% of the stock is owned by institutional investors.
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.
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