American Eagle Outfitters (NYSE:AEO) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• American Eagle Outfitters shares rose 4.8% and crossed above their 200-day moving average of $18.61, reaching $18.85 before closing at $18.77.
• Analyst sentiment remains cautious, with a consensus “Hold” rating from 15 analysts and an average price target of $19.55; recent targets range from $15 to $20.
• The company reported quarterly EPS of $0.79, beating expectations of $0.22, while revenue increased 7.5% year over year to $1.38 billion. It also declared a quarterly dividend of $0.125 per share, equivalent to a 2.7% annual yield.

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $18.61 and traded as high as $18.85. American Eagle Outfitters shares last traded at $18.77, with a volume of 4,881,401 shares traded.

Analyst Ratings Changes

A number of brokerages have recently commented on AEO. BMO Capital Markets lifted their price objective on shares of American Eagle Outfitters from $18.00 to $20.00 and gave the company a "market perform" rating in a research note on Tuesday, September 29th. Barclays reduced their price objective on shares of American Eagle Outfitters from $17.00 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, September 10th. Bank of America reiterated an "underperform" rating and issued a $16.00 target price on shares of American Eagle Outfitters in a research report on Friday, August 14th. Morgan Stanley decreased their target price on shares of American Eagle Outfitters from $18.00 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, September 10th. Finally, Telsey Advisory Group lowered their target price on shares of American Eagle Outfitters from $20.00 to $18.00 and set a "market perform" rating on the stock in a research note on Thursday, September 10th. Two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $19.55.

American Eagle Outfitters Stock Up 4.8%

The business has a 50-day moving average price of $16.90 and a 200-day moving average price of $18.61. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 4.09 and a beta of 1.28. The company has a quick ratio of 0.62, a current ratio of 1.59 and a debt-to-equity ratio of 0.03.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 EPS for the quarter, beating the consensus estimate of $0.22 by $0.57. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. American Eagle Outfitters had a return on equity of 23.63% and a net margin of 5.91%. American Eagle Outfitters's revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share. As a group, equities analysts anticipate that American Eagle Outfitters, Inc. will post 2.24 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 9th. American Eagle Outfitters's payout ratio is 25.51%.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Noel Spiegel sold 3,617 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $17.68, for a total value of $63,948.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cary D. Mcmillan sold 3,617 shares of the stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $18.20, for a total value of $65,829.40. The SEC filing for this sale provides additional information. 8.95% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc is a specialty retailer that designs, markets and sells apparel, accessories and personal-care products. The company serves teens and young adults through its American Eagle brand, which offers casual clothing including jeans, tops, outerwear, underwear and related accessories.

American Eagle Outfitters also operates Aerie, a lifestyle brand focused on intimates, activewear, swimwear, loungewear and apparel, as well as OFFLINE by Aerie, which emphasizes active and leisure clothing.

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