American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) shares gapped down before the market opened on Friday following a weaker than expected earnings announcement. The stock had previously closed at $11.18, but opened at $10.14. American Eagle Outfitters shares last traded at $11.05, with a volume of 2,341,547 shares changing hands.
The apparel retailer reported ($0.29) earnings per share (EPS) 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 return on equity of 20.75% and a net margin of 4.28%. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.34 EPS.
American Eagle Outfitters Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a dividend of $0.125 per share. The ex-dividend date was Friday, April 11th. This represents a $0.50 annualized dividend and a dividend yield of 4.57%. American Eagle Outfitters's payout ratio is 29.76%.
Wall Street Analyst Weigh In
AEO has been the topic of several recent research reports. Morgan Stanley lowered their price target on shares of American Eagle Outfitters from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Wall Street Zen lowered shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Citigroup reiterated a "neutral" rating on shares of American Eagle Outfitters in a research note on Friday, May 23rd. Barclays cut their target price on shares of American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating on the stock in a research note on Monday, May 12th. Finally, JPMorgan Chase & Co. cut their target price on shares of American Eagle Outfitters from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $14.80.
Check Out Our Latest Report on American Eagle Outfitters
Hedge Funds Weigh In On American Eagle Outfitters
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in American Eagle Outfitters by 380.4% in the first quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock valued at $27,000 after purchasing an additional 1,841 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of American Eagle Outfitters by 95.7% in the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock valued at $32,000 after acquiring an additional 937 shares during the period. Huntington National Bank raised its stake in shares of American Eagle Outfitters by 258.8% during the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock worth $34,000 after purchasing an additional 1,475 shares during the last quarter. Principal Securities Inc. raised its stake in shares of American Eagle Outfitters by 2,239.1% during the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock worth $43,000 after purchasing an additional 2,463 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of American Eagle Outfitters by 38.7% during the first 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 last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.
American Eagle Outfitters Price Performance
The company has a 50 day moving average price of $11.13 and a 200 day moving average price of $14.10. The firm has a market cap of $1.90 billion, a PE ratio of 9.36, a PEG ratio of 0.82 and a beta of 1.56.
About American Eagle Outfitters
(
Get Free Report)
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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