Analysts Set American Eagle Outfitters, Inc. (NYSE:AEO) Price Target at $14.70

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) has earned an average rating of "Hold" from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $14.70.

Several analysts have recently weighed in on AEO shares. Bank of America lowered their target price on 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. Citigroup restated a "neutral" rating on shares of American Eagle Outfitters in a research note on Friday, May 23rd. JPMorgan Chase & Co. reduced their price target on shares of American Eagle Outfitters from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 14th. Barclays reduced their price target on shares of American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating on the stock in a research report on Monday, May 12th. Finally, BMO Capital Markets reduced their price target on shares of American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating on the stock in a research report on Wednesday, May 14th.

American Eagle Outfitters Stock Up 1.1%

American Eagle Outfitters stock traded up $0.11 during trading on Monday, reaching $10.02. 6,618,224 shares of the company's stock were exchanged, compared to its average volume of 5,793,870. The company's 50-day moving average is $10.60 and its two-hundred day moving average is $12.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.56 and a current ratio of 1.38. American Eagle Outfitters has a 52-week low of $9.27 and a 52-week high of $22.83. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 10.22 and a beta of 1.45.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.04). The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. American Eagle Outfitters had a net margin of 3.73% and a return on equity of 13.34%. The firm's revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 earnings per share. On average, analysts predict that American Eagle Outfitters will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $0.50 dividend on an annualized basis and a yield of 4.99%. American Eagle Outfitters's dividend payout ratio is currently 51.02%.

Hedge Funds Weigh In On American Eagle Outfitters

Large investors have recently bought and sold shares of the business. Junto Capital Management LP acquired a new stake in shares of American Eagle Outfitters in the first quarter valued at approximately $38,588,000. Millennium Management LLC boosted its stake in American Eagle Outfitters by 1,510.1% in the 4th quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer's stock worth $41,826,000 after purchasing an additional 2,353,225 shares during the period. Norges Bank acquired a new position in American Eagle Outfitters in the 4th quarter worth approximately $35,267,000. Cooke & Bieler LP boosted its stake in American Eagle Outfitters by 29.9% in the 1st quarter. Cooke & Bieler LP now owns 7,791,193 shares of the apparel retailer's stock worth $90,534,000 after purchasing an additional 1,794,203 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in American Eagle Outfitters in the 1st quarter worth approximately $18,927,000. 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.