StockNews.com cut shares of American Eagle Outfitters (NYSE:AEO – Free Report) from a buy rating to a hold rating in a research note released on Tuesday.
Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group dropped their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. Raymond James assumed coverage on shares of American Eagle Outfitters in a research report on Friday, December 13th. They issued a “market perform” rating on the stock. UBS Group cut their price objective on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Bank of America lowered their target price on American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Finally, BMO Capital Markets reduced their price objective 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, American Eagle Outfitters currently has a consensus rating of “Hold” and a consensus target price of $21.90.
Check Out Our Latest Analysis on American Eagle Outfitters
American Eagle Outfitters Trading Up 3.0 %
American Eagle Outfitters (NYSE:AEO – Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. Research analysts predict that American Eagle Outfitters will post 1.69 EPS for the current fiscal year.
American Eagle Outfitters Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.50 annualized dividend and a yield of 3.13%. American Eagle Outfitters’s dividend payout ratio is currently 42.74%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Investors Research Corp lifted its position in American Eagle Outfitters by 1.4% during the 3rd quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock worth $1,035,000 after acquiring an additional 650 shares in the last quarter. Segall Bryant & Hamill LLC lifted its holdings in American Eagle Outfitters by 2.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer’s stock worth $1,112,000 after buying an additional 1,033 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in American Eagle Outfitters in the 3rd quarter valued at about $32,000. Diversified Trust Co lifted its stake in shares of American Eagle Outfitters by 4.3% in the third quarter. Diversified Trust Co now owns 35,395 shares of the apparel retailer’s stock worth $792,000 after acquiring an additional 1,443 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of American Eagle Outfitters by 7.5% in the third quarter. Nisa Investment Advisors LLC now owns 20,840 shares of the apparel retailer’s stock worth $467,000 after acquiring an additional 1,446 shares in the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.
American Eagle Outfitters Company Profile
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.
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