American Eagle Outfitters (NYSE:AEO) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of American Eagle Outfitters (NYSE:AEO) from a buy rating to a hold rating in a report published on Saturday.

AEO has been the topic of several other research reports. Morgan Stanley restated an “equal weight” rating and set a $18.00 price target on shares of American Eagle Outfitters in a research report on Monday, July 6th. Citigroup decreased their price objective on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, June 1st. The Goldman Sachs Group set a $22.00 target price on shares of American Eagle Outfitters in a research note on Monday, June 1st. Telsey Advisory Group dropped their target price on American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating on the stock in a research report on Friday, May 29th. Finally, William Blair restated a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.91.

American Eagle Outfitters Trading Up 1.4%

American Eagle Outfitters stock opened at $16.39 on Friday. The firm has a market cap of $2.75 billion, a PE ratio of 10.12 and a beta of 1.32. American Eagle Outfitters has a 12 month low of $12.05 and a 12 month high of $28.46. The stock’s 50 day simple moving average is $17.35 and its two-hundred day simple moving average is $18.51. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the firm earned ($0.29) EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts anticipate that American Eagle Outfitters will post 1.77 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, July 10th. American Eagle Outfitters’s payout ratio is presently 30.86%.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,892 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total transaction of $48,498.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Noel Joseph Spiegel sold 2,892 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total transaction of $48,527.76. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 11,563 shares of company stock worth $196,599. Company insiders own 8.95% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AEO. Plato Investment Management Ltd acquired a new stake in American Eagle Outfitters in the 2nd quarter worth about $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of American Eagle Outfitters during the fourth quarter valued at approximately $31,000. Aster Capital Management DIFC Ltd purchased a new position in shares of American Eagle Outfitters in the fourth quarter valued at approximately $32,000. Raymond James Financial Inc. purchased a new position in shares of American Eagle Outfitters in the second quarter valued at approximately $35,000. Finally, Allworth Financial LP acquired a new stake in shares of American Eagle Outfitters in the second quarter worth approximately $36,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.