American Eagle Outfitters (NYSE:AEO - Free Report) had its target price lowered by Morgan Stanley from $11.00 to $10.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the apparel retailer's stock.
Several other research analysts have also recently issued reports on the company. Bank of America lowered their price objective on American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Citigroup reaffirmed a "neutral" rating on shares of American Eagle Outfitters in a research report on Friday, May 23rd. Barclays lowered their price objective on American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating for the company in a research report on Monday, May 12th. BMO Capital Markets lowered their price objective on American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating for the company in a research report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. lowered their price objective on American Eagle Outfitters from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $14.70.
Check Out Our Latest Analysis on AEO
American Eagle Outfitters Stock Down 1.3%
NYSE AEO traded down $0.14 during trading hours on Monday, hitting $10.26. 5,972,883 shares of the company were exchanged, compared to its average volume of 5,642,012. The company has a 50 day moving average of $11.04 and a two-hundred day moving average of $13.97. American Eagle Outfitters has a 52-week low of $9.45 and a 52-week high of $22.83. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 0.82 and a beta of 1.52.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its quarterly 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). American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The company had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter last year, the company earned $0.34 EPS. American Eagle Outfitters's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities research analysts predict that American Eagle Outfitters will post 1.7 EPS 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. Stockholders of record on Friday, July 11th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.87%. American Eagle Outfitters's dividend payout ratio (DPR) is 51.02%.
Hedge Funds Weigh In On American Eagle Outfitters
Several hedge funds have recently bought and sold shares of AEO. Junto Capital Management LP purchased a new position in American Eagle Outfitters in the 1st quarter valued at approximately $38,588,000. Millennium Management LLC increased 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 valued at $41,826,000 after purchasing an additional 2,353,225 shares in the last quarter. Norges Bank purchased a new position in American Eagle Outfitters in the 4th quarter valued at approximately $35,267,000. Cooke & Bieler LP increased 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 valued at $90,534,000 after purchasing an additional 1,794,203 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in American Eagle Outfitters during the 1st quarter valued at $18,927,000. 97.33% of the stock is owned by hedge funds and other institutional investors.
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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