American Eagle Outfitters, Inc. (NYSE:AEO) Stock Has Consensus Price Target of $19.55 According to Brokerages

Key Points

• Analysts maintain a “Hold” consensus on American Eagle Outfitters, with 10 hold ratings, two buys, one strong buy and one sell. The average 12-month price target is $19.55, versus a recent share price of $18.13.
• The retailer reported quarterly earnings of $0.79 per share, exceeding the $0.22 analyst consensus, while revenue of $1.38 billion slightly topped estimates and rose 7.5% year over year.
• American Eagle declared a quarterly dividend of $0.125 per share, equivalent to a 2.8% yield and a $0.50 annualized payout. Institutional investors own 97.33% of the company, while insiders sold roughly $196,600 of shares over the past three months.

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) has received an average recommendation of "Hold" from the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $19.55.

Several research analysts have commented on the stock. Morgan Stanley lowered their price target on shares of American Eagle Outfitters from $18.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, September 10th. BMO Capital Markets lifted their price objective on shares of American Eagle Outfitters from $18.00 to $20.00 and gave the stock a "market perform" rating in a research report on Tuesday. Bank of America reiterated an "underperform" rating and set a $16.00 target price on shares of American Eagle Outfitters in a research note on Friday, August 14th. Weiss Ratings reissued a "hold (c)" rating on shares of American Eagle Outfitters in a report on Thursday, August 27th. Finally, Wall Street Zen raised American Eagle Outfitters from a "hold" rating to a "buy" rating in a report on Saturday, September 5th.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $18.13 on Wednesday. American Eagle Outfitters has a 1 year low of $14.06 and a 1 year high of $28.46. The stock has a market capitalization of $3.04 billion, a PE ratio of 9.25, a PEG ratio of 3.95 and a beta of 1.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.62 and a current ratio of 1.59. The stock has a 50-day simple moving average of $16.71 and a 200-day simple moving average of $17.02.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.57. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. American Eagle Outfitters had a net margin of 5.91% and a return on equity of 23.63%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, analysts predict that American Eagle Outfitters will post 2.24 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Friday, October 9th will be paid a dividend of $0.1250 per share. The ex-dividend date is Friday, October 9th. This represents a $0.50 annualized dividend and a yield of 2.8%. American Eagle Outfitters's payout ratio is presently 25.51%.

Insider Activity at American Eagle Outfitters

In other news, Director Cary McMillan sold 2,892 shares of the business's stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total transaction of $48,498.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Noel Spiegel sold 2,892 shares of the company's stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total transaction of $48,527.76. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,563 shares of company stock valued at $196,599 over the last three months. 8.95% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of American Eagle Outfitters during the second quarter worth about $458,632,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of American Eagle Outfitters by 162.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer's stock valued at $105,818,000 after purchasing an additional 3,926,230 shares during the last quarter. Nykredit A S acquired a new stake in shares of American Eagle Outfitters in the 2nd quarter valued at about $46,023,000. Bank of New York Mellon Corp purchased a new position in American Eagle Outfitters during the 2nd quarter worth approximately $27,637,000. Finally, Freestone Grove Partners LP purchased a new position in American Eagle Outfitters during the 2nd quarter worth approximately $23,698,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc NYSE: AEO is a specialty retailer offering casual apparel, accessories and footwear for young women and men. Its product assortment includes jeans, tops, dresses, intimates, loungewear and activewear, with merchandise sold through company-operated stores and digital channels.

The company's principal brands include American Eagle, which focuses on casual lifestyle clothing and denim, and Aerie, which offers intimates, activewear and loungewear. Its brand portfolio has also included OFFLINE by Aerie, a performance and wellness-oriented line, and Todd Snyder, a menswear brand known for elevated casual clothing and tailoring.

Founded in 1977, American Eagle Outfitters is headquartered in Pittsburgh, Pennsylvania.

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