JPMorgan Chase & Co. upgraded shares of American Eagle Outfitters (NYSE:AEO - Free Report) from a neutral rating to an overweight rating in a research note released on Tuesday, Marketbeat Ratings reports. They currently have $31.00 price target on the apparel retailer's stock.
Other equities research analysts have also recently issued research reports about the stock. StockNews.com cut shares of American Eagle Outfitters from a buy rating to a hold rating in a research note on Tuesday, April 2nd. Bank of America lifted their target price on shares of American Eagle Outfitters from $21.00 to $25.00 and gave the stock a neutral rating in a research note on Thursday, February 29th. UBS Group lifted their target price on shares of American Eagle Outfitters from $27.00 to $29.00 and gave the stock a buy rating in a research note on Monday, February 26th. Telsey Advisory Group lifted their target price on shares of American Eagle Outfitters from $22.00 to $25.00 and gave the stock a market perform rating in a research note on Friday, March 8th. Finally, Citigroup lifted their target price on shares of American Eagle Outfitters from $23.00 to $26.00 and gave the stock a neutral rating in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $21.27.
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American Eagle Outfitters Price Performance
NYSE AEO traded down $0.03 on Tuesday, hitting $24.39. The company had a trading volume of 6,715,789 shares, compared to its average volume of 4,652,553. The company has a market capitalization of $4.81 billion, a PE ratio of 28.40, a PEG ratio of 1.14 and a beta of 1.59. The company's fifty day moving average price is $23.24 and its 200-day moving average price is $20.43. American Eagle Outfitters has a 12-month low of $9.95 and a 12-month high of $26.44.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The apparel retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.50 by $0.11. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. American Eagle Outfitters had a net margin of 3.23% and a return on equity of 17.76%. The firm's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. On average, sell-side analysts anticipate that American Eagle Outfitters will post 1.71 EPS for the current year.
American Eagle Outfitters declared that its board has approved a share buyback plan on Thursday, February 1st that authorizes the company to repurchase 30,000,000 outstanding shares. This repurchase authorization authorizes the apparel retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.
American Eagle Outfitters Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, April 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.05%. American Eagle Outfitters's payout ratio is 58.14%.
Insider Buying and Selling at American Eagle Outfitters
In other American Eagle Outfitters news, CAO James H. Keefer, Jr. sold 7,000 shares of the company's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $25.82, for a total value of $180,740.00. Following the transaction, the chief accounting officer now owns 17,266 shares of the company's stock, valued at $445,808.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other American Eagle Outfitters news, CAO James H. Keefer, Jr. sold 7,000 shares of the company's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $25.82, for a total value of $180,740.00. Following the transaction, the chief accounting officer now owns 17,266 shares of the company's stock, valued at $445,808.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer M. Foyle sold 16,971 shares of the company's stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $25.53, for a total transaction of $433,269.63. Following the completion of the transaction, the insider now directly owns 226,497 shares in the company, valued at approximately $5,782,468.41. The disclosure for this sale can be found here. Insiders have sold 158,953 shares of company stock valued at $3,511,875 over the last 90 days. 7.50% of the stock is owned by insiders.
Institutional Trading of American Eagle Outfitters
A number of institutional investors and hedge funds have recently bought and sold shares of AEO. Raymond James & Associates increased its stake in American Eagle Outfitters by 14.4% during the first quarter. Raymond James & Associates now owns 97,811 shares of the apparel retailer's stock worth $1,643,000 after purchasing an additional 12,318 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in American Eagle Outfitters by 6.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 19,670 shares of the apparel retailer's stock worth $330,000 after purchasing an additional 1,241 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in American Eagle Outfitters by 70.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,172 shares of the apparel retailer's stock worth $339,000 after purchasing an additional 8,343 shares during the period. PNC Financial Services Group Inc. increased its stake in American Eagle Outfitters by 11.6% during the first quarter. PNC Financial Services Group Inc. now owns 20,501 shares of the apparel retailer's stock worth $344,000 after purchasing an additional 2,129 shares during the period. Finally, AlphaCrest Capital Management LLC purchased a new stake in shares of American Eagle Outfitters during the first quarter worth approximately $432,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.
About American Eagle Outfitters
(
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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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