American Eagle Outfitters, Inc. (NYSE:AEO) Receives Consensus Recommendation of "Reduce" from Analysts

Shares of American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) have received a consensus recommendation of "Reduce" from the fourteen research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $14.7222.

A number of analysts have issued reports on AEO shares. Wall Street Zen upgraded shares of American Eagle Outfitters from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. BTIG Research started coverage on shares of American Eagle Outfitters in a report on Thursday, September 18th. They issued a "neutral" rating on the stock. Barclays boosted their target price on shares of American Eagle Outfitters from $9.00 to $14.00 and gave the stock an "underweight" rating in a report on Thursday, September 4th. Bank of America restated an "underperform" rating and issued a $10.00 target price (down from $11.00) on shares of American Eagle Outfitters in a report on Monday, August 25th. Finally, Telsey Advisory Group boosted their target price on shares of American Eagle Outfitters from $12.00 to $18.00 and gave the stock a "market perform" rating in a report on Thursday, September 4th.

Insider Transactions at American Eagle Outfitters

In other news, insider Jennifer M. Foyle sold 54,950 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.14, for a total value of $996,793.00. Following the sale, the insider directly owned 221,107 shares in the company, valued at $4,010,880.98. The trade was a 19.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Janice E. Page sold 26,869 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.04, for a total transaction of $484,716.76. Following the completion of the sale, the director owned 90,383 shares in the company, valued at approximately $1,630,509.32. This trade represents a 22.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 138,766 shares of company stock worth $2,515,354. 8.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American Eagle Outfitters

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of American Eagle Outfitters by 380.4% during the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock worth $27,000 after purchasing an additional 1,841 shares during the period. Raymond James Financial Inc. purchased a new position in shares of American Eagle Outfitters during the 2nd quarter worth about $35,000. Federated Hermes Inc. boosted its stake in shares of American Eagle Outfitters by 151.0% during the 2nd quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer's stock worth $37,000 after purchasing an additional 2,315 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of American Eagle Outfitters by 38.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer's stock worth $48,000 after purchasing an additional 1,165 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of American Eagle Outfitters by 220.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,843 shares of the apparel retailer's stock worth $58,000 after purchasing an additional 4,020 shares during the period. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Stock Performance

Shares of NYSE AEO opened at $15.86 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.71 and a current ratio of 1.62. The company has a market cap of $2.69 billion, a P/E ratio of 15.25 and a beta of 1.60. The firm's fifty day moving average is $15.61 and its two-hundred day moving average is $12.41. American Eagle Outfitters has a 52-week low of $9.27 and a 52-week high of $21.74.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.25. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.23 billion. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. American Eagle Outfitters's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. As a group, analysts anticipate that American Eagle Outfitters will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Friday, October 10th will be issued a $0.125 dividend. The ex-dividend date is Friday, October 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.2%. American Eagle Outfitters's payout ratio is 48.08%.

About American Eagle Outfitters

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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