American Eagle Outfitters, Inc. (NYSE:AEO) Receives Average Rating of "Hold" from Brokerages

Shares of American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) have been assigned an average rating of "Hold" from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $15.50.

A number of research firms recently commented on AEO. JPMorgan Chase & Co. lowered their price target on American Eagle Outfitters from $15.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. StockNews.com downgraded shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Bank of America cut their target price on shares of American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Telsey Advisory Group reduced their price target on shares of American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating on the stock in a report on Thursday, March 13th. Finally, BMO Capital Markets reissued a "market perform" rating and set a $15.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a report on Tuesday, March 11th.

American Eagle Outfitters Stock Down 2.9 %

NYSE:AEO traded down $0.32 on Wednesday, reaching $10.88. 1,488,685 shares of the company's stock traded hands, compared to its average volume of 5,181,409. The firm has a market cap of $1.88 billion, a PE ratio of 9.30, a P/E/G ratio of 0.82 and a beta of 1.40. The stock has a 50-day simple moving average of $11.76 and a 200-day simple moving average of $15.55. American Eagle Outfitters has a 12 month low of $9.45 and a 12 month high of $25.15.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.60%. The ex-dividend date was Friday, April 11th. American Eagle Outfitters's payout ratio is 29.76%.

Hedge Funds Weigh In On American Eagle Outfitters

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in American Eagle Outfitters by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,223,953 shares of the apparel retailer's stock worth $170,431,000 after buying an additional 413,193 shares during the period. Wellington Management Group LLP lifted its holdings in shares of American Eagle Outfitters by 1.9% in the 4th quarter. Wellington Management Group LLP now owns 9,933,628 shares of the apparel retailer's stock worth $165,594,000 after acquiring an additional 184,067 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of American Eagle Outfitters by 9.4% during the 4th quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer's stock worth $91,774,000 after purchasing an additional 472,683 shares during the period. Principal Financial Group Inc. grew its holdings 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 purchasing an additional 226,821 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in American Eagle Outfitters by 15.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer's stock worth $47,976,000 after purchasing an additional 381,047 shares during the period. Institutional investors own 97.33% of the company's stock.

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.