American Eagle Outfitters (NYSE:AEO) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of American Eagle Outfitters (NYSE:AEO) in a research report released on Wednesday, Benzinga reports. They currently have a $23.00 target price on the apparel retailer’s stock.

Other analysts also recently issued reports about the stock. Barclays cut their price objective on shares of American Eagle Outfitters from $32.00 to $26.00 and set an overweight rating on the stock in a research report on Friday, August 30th. UBS Group reduced their price objective on American Eagle Outfitters from $35.00 to $34.00 and set a buy rating for the company in a research report on Friday, August 30th. TD Cowen lowered their target price on American Eagle Outfitters from $25.00 to $23.00 and set a hold rating on the stock in a research report on Friday, August 30th. Finally, StockNews.com downgraded American Eagle Outfitters from a buy rating to a hold rating in a research note on Monday, September 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, American Eagle Outfitters currently has a consensus rating of Hold and a consensus price target of $25.75.

American Eagle Outfitters Trading Up 2.4 %

NYSE:AEO opened at $22.16 on Wednesday. The stock has a 50 day moving average of $20.81 and a 200-day moving average of $21.93. The firm has a market capitalization of $4.35 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.51. American Eagle Outfitters has a 52 week low of $15.68 and a 52 week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. As a group, analysts predict that American Eagle Outfitters will post 1.78 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Friday, October 11th. American Eagle Outfitters’s payout ratio is currently 45.05%.

Insider Transactions at American Eagle Outfitters

In related news, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the transaction, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total transaction of $653,700.00. Following the completion of the sale, the insider now owns 200,427 shares in the company, valued at approximately $4,367,304.33. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jay L. Schottenstein sold 999,999 shares of American Eagle Outfitters stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the completion of the transaction, the chief executive officer now owns 1,771,851 shares in the company, valued at $35,507,894.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,050,996 shares of company stock valued at $21,153,593. Corporate insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in American Eagle Outfitters by 1.5% during the first quarter. Vanguard Group Inc. now owns 20,788,750 shares of the apparel retailer’s stock valued at $536,142,000 after buying an additional 310,808 shares in the last quarter. American Century Companies Inc. lifted its position in shares of American Eagle Outfitters by 18.1% in the 2nd quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock valued at $89,263,000 after acquiring an additional 684,420 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in American Eagle Outfitters by 36.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock worth $64,727,000 after purchasing an additional 865,355 shares during the period. Victory Capital Management Inc. grew its position in American Eagle Outfitters by 165.4% during the 2nd quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock worth $62,034,000 after purchasing an additional 1,936,938 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in American Eagle Outfitters by 179.1% during the 2nd quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock valued at $53,722,000 after purchasing an additional 1,726,982 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

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.