American Eagle Outfitters’ (AEO) “Equal Weight” Rating Reaffirmed at Barclays

Barclays restated their equal weight rating on shares of American Eagle Outfitters (NYSE:AEO) in a report published on Wednesday,Benzinga reports. They currently have a $17.00 price target on the apparel retailer’s stock, down from their previous price target of $19.00.

Other equities research analysts have also issued reports about the stock. Raymond James assumed coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They issued a “market perform” rating on the stock. Morgan Stanley cut shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $19.00 to $17.00 in a research report on Wednesday. Bank of America lowered their price objective on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. BMO Capital Markets cut their target price on American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, December 5th. Finally, Telsey Advisory Group decreased their target price on American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $21.00.

American Eagle Outfitters Stock Up 0.3 %

Shares of NYSE:AEO opened at $15.84 on Wednesday. The firm has a market cap of $3.04 billion, a P/E ratio of 13.53, a P/E/G ratio of 1.02 and a beta of 1.53. American Eagle Outfitters has a 12-month low of $15.36 and a 12-month high of $26.44. The business has a fifty day simple moving average of $16.98 and a 200 day simple moving average of $19.11.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. As a group, equities research analysts expect that American Eagle Outfitters will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a $0.125 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a yield of 3.16%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 42.74%.

Insider Transactions at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.30% of the stock is owned by insiders.

Hedge Funds Weigh In On American Eagle Outfitters

A number of hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in shares of American Eagle Outfitters by 2.8% in the third quarter. Wellington Management Group LLP now owns 9,749,561 shares of the apparel retailer’s stock worth $218,293,000 after purchasing an additional 268,326 shares during the last quarter. Congress Asset Management Co. purchased a new stake in American Eagle Outfitters in the 3rd quarter valued at $119,691,000. Victory Capital Management Inc. raised its position in American Eagle Outfitters by 40.6% in the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock valued at $97,858,000 after buying an additional 1,262,693 shares during the last quarter. Principal Financial Group Inc. lifted its stake in American Eagle Outfitters by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer’s stock valued at $65,341,000 after acquiring an additional 226,821 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in American Eagle Outfitters by 12.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,496,916 shares of the apparel retailer’s stock worth $55,906,000 after acquiring an additional 281,548 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

About American Eagle Outfitters

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.