Analysts Set American Eagle Outfitters, Inc. (NYSE:AEO) Price Target at $22.10

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been given an average rating of “Hold” by the eleven research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $21.60.

Several research analysts have issued reports on AEO shares. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday. UBS Group reduced their price target on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. BMO Capital Markets dropped their price objective on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday, December 5th. Jefferies Financial Group decreased their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. Finally, Raymond James assumed coverage on American Eagle Outfitters in a report on Friday, December 13th. They issued a “market perform” rating for the company.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AEO. Wedge Capital Management L L P NC increased its holdings in shares of American Eagle Outfitters by 14.4% in the 4th quarter. Wedge Capital Management L L P NC now owns 135,392 shares of the apparel retailer’s stock worth $2,257,000 after purchasing an additional 17,042 shares in the last quarter. Hennessy Advisors Inc. increased its position in American Eagle Outfitters by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 385,800 shares of the apparel retailer’s stock worth $6,431,000 after purchasing an additional 24,600 shares during the last quarter. Legacy Wealth Asset Management LLC bought a new stake in American Eagle Outfitters in the fourth quarter worth $185,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of American Eagle Outfitters by 9.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 39,534 shares of the apparel retailer’s stock valued at $659,000 after buying an additional 3,267 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in American Eagle Outfitters in the 4th quarter valued at about $195,000. 97.33% of the stock is currently owned by institutional investors.

American Eagle Outfitters Trading Up 1.3 %

Shares of American Eagle Outfitters stock opened at $16.13 on Monday. The company’s 50-day moving average price is $17.54 and its two-hundred day moving average price is $19.52. The stock has a market cap of $3.10 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 1.12 and a beta of 1.53. American Eagle Outfitters has a 52 week low of $15.36 and a 52 week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 EPS. On average, equities analysts predict that American Eagle Outfitters will post 1.69 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, January 10th. American Eagle Outfitters’s payout ratio is currently 42.74%.

About American Eagle Outfitters

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.