Morgan Stanley set a $10.00 target price on American Eagle Outfitters (NYSE:AEO - Free Report) in a research note issued to investors on Monday morning, Marketbeat.com reports. The brokerage currently has an equal weight rating on the apparel retailer's stock.
Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. lowered their target price on American Eagle Outfitters from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, May 14th. Telsey Advisory Group upped their price objective on shares of American Eagle Outfitters to $12.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. UBS Group cut their target price on shares of American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Wall Street Zen downgraded shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Finally, Citigroup reissued a "neutral" rating on shares of American Eagle Outfitters in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $14.70.
Check Out Our Latest Stock Analysis on AEO
American Eagle Outfitters Price Performance
NYSE:AEO traded down $0.01 during mid-day trading on Monday, reaching $10.13. The stock had a trading volume of 6,636,972 shares, compared to its average volume of 5,655,881. American Eagle Outfitters has a 12 month low of $9.45 and a 12 month high of $22.83. The stock has a market capitalization of $1.76 billion, a PE ratio of 8.66, a P/E/G ratio of 0.82 and a beta of 1.52. The stock has a 50-day simple moving average of $11.01 and a two-hundred day simple moving average of $13.91.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.04). American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the business posted $0.34 EPS. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts expect that American Eagle Outfitters will post 1.7 EPS for the current year.
American Eagle Outfitters Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend is Friday, July 11th. American Eagle Outfitters's payout ratio is presently 51.02%.
Institutional Trading of American Eagle Outfitters
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of American Eagle Outfitters by 380.4% in 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. Blue Trust Inc. raised its stake in American Eagle Outfitters by 95.7% during the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock worth $32,000 after buying an additional 937 shares during the last quarter. Huntington National Bank lifted its holdings in American Eagle Outfitters by 258.8% in the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock valued at $34,000 after buying an additional 1,475 shares during the period. Principal Securities Inc. boosted its position in 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 valued at $43,000 after acquiring an additional 2,463 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in 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 acquiring an additional 1,165 shares during the period. Institutional investors and hedge funds own 97.33% of the company's stock.
American Eagle Outfitters Company Profile
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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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