American Eagle Outfitters (NYSE:AEO) Price Target Raised to $20.00

American Eagle Outfitters (NYSE:AEO) had its target price raised by BMO Capital Markets from $18.00 to $20.00 in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. They currently have a market perform rating on the apparel retailer’s stock.

Several other equities analysts also recently commented on AEO. Barclays cut their price target on shares of American Eagle Outfitters from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, September 10th. UBS Group dropped their target price on American Eagle Outfitters from $31.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, September 10th. JPMorgan Chase & Co. upped their target price on American Eagle Outfitters from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, August 18th. Bank of America reiterated an “underperform” rating and issued a $16.00 price target on shares of American Eagle Outfitters in a report on Friday, August 14th. Finally, The Goldman Sachs Group set a $22.00 price target on American Eagle Outfitters in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $19.55.

American Eagle Outfitters Stock Performance

NYSE:AEO opened at $17.96 on Tuesday. The firm has a market capitalization of $3.01 billion, a PE ratio of 9.16, a PEG ratio of 4.06 and a beta of 1.28. The stock’s fifty day moving average is $16.73 and its 200 day moving average is $17.02. American Eagle Outfitters has a fifty-two week low of $14.06 and a fifty-two week high of $28.46. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.62 and a current ratio of 1.59.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, September 9th. The apparel retailer reported $0.79 EPS for the quarter, topping the consensus estimate of $0.22 by $0.57. American Eagle Outfitters had a net margin of 5.91% and a return on equity of 23.63%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the firm earned $0.45 earnings per share. American Eagle Outfitters’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts anticipate that American Eagle Outfitters will post 2.24 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Friday, October 9th will be issued a $0.1250 dividend. The ex-dividend date is Friday, October 9th. This represents a $0.50 dividend on an annualized basis and a yield of 2.8%. American Eagle Outfitters’s payout ratio is currently 25.51%.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary McMillan sold 2,892 shares of American Eagle Outfitters stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total value of $48,498.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Noel Spiegel sold 2,892 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total value of $48,527.76. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,563 shares of company stock valued at $196,599 in the last 90 days. Insiders own 8.95% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nykredit A S acquired a new stake in American Eagle Outfitters in the second quarter worth about $33,253,000. Parkside Financial Bank & Trust increased its holdings in shares of American Eagle Outfitters by 772.7% during the second quarter. Parkside Financial Bank & Trust now owns 3,997 shares of the apparel retailer’s stock valued at $69,000 after acquiring an additional 3,539 shares in the last quarter. Corient Private Wealth LP acquired a new position in shares of American Eagle Outfitters during the second quarter valued at about $2,820,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of American Eagle Outfitters in the 2nd quarter valued at approximately $303,000. Finally, Legacy Financial Advisors Inc. purchased a new position in shares of American Eagle Outfitters in the 2nd quarter valued at approximately $347,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc is a specialty retailer focused on apparel, accessories and personal-care products. The company operates primarily through the American Eagle and Aerie brands, offering casual clothing, denim, footwear and accessories, as well as intimates, activewear and lifestyle products.

American Eagle serves teenagers and young adults, while Aerie focuses on intimates, activewear and loungewear. The company sells its products through a network of retail stores, brand websites and other digital channels in the United States and internationally.