American Eagle Outfitters (NYSE:AEO – Free Report) had its price objective lowered by JPMorgan Chase & Co. from $23.00 to $20.00 in a research note published on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the apparel retailer’s stock.
AEO has been the subject of a number of other reports. Bank of America lowered their target price on American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, December 5th. Raymond James assumed coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They issued a “market perform” rating for the company. Barclays decreased their target price on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. UBS Group dropped their price target on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Finally, BMO Capital Markets reduced their price objective on American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $22.10.
Read Our Latest Analysis on AEO
American Eagle Outfitters Stock Performance
American Eagle Outfitters (NYSE:AEO – Get Free Report) last issued its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The business’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. On average, equities research analysts forecast that American Eagle Outfitters will post 1.69 earnings per share for the current year.
American Eagle Outfitters Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.03%. The ex-dividend date is Friday, January 10th. American Eagle Outfitters’s dividend payout ratio is presently 42.74%.
Insider Buying and Selling at American Eagle Outfitters
In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.30% of the stock is owned by corporate insiders.
Institutional Trading of American Eagle Outfitters
Several institutional investors and hedge funds have recently made changes to their positions in AEO. TD Asset Management Inc increased its position in American Eagle Outfitters by 3.4% during the 2nd quarter. TD Asset Management Inc now owns 60,500 shares of the apparel retailer’s stock valued at $1,208,000 after purchasing an additional 2,000 shares during the period. Arizona State Retirement System increased its holdings in American Eagle Outfitters by 1.9% during the second quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock valued at $1,049,000 after buying an additional 963 shares during the period. Candriam S.C.A. bought a new position in American Eagle Outfitters in the second quarter worth approximately $240,000. LSV Asset Management purchased a new stake in American Eagle Outfitters during the second quarter worth $8,790,000. Finally, Quest Partners LLC bought a new stake in American Eagle Outfitters during the 2nd quarter valued at $217,000. 97.33% of the stock is currently owned by institutional investors.
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.
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