Royal Bank Of Canada set a $14.00 target price on American Eagle Outfitters, Inc. (NYSE:AEO) in a research note released on Monday morning. The brokerage currently has a buy rating on the apparel retailer’s stock.
A number of other research analysts have also recently weighed in on AEO. B. Riley restated a neutral rating and set a $12.50 target price on shares of American Eagle Outfitters in a research note on Thursday, May 18th. ValuEngine cut shares of American Eagle Outfitters from a buy rating to a hold rating in a research note on Friday, June 2nd. SunTrust Banks, Inc. restated a buy rating on shares of American Eagle Outfitters in a research note on Saturday, April 1st. Cowen and Company restated an outperform rating and set a $13.00 target price (down previously from $14.00) on shares of American Eagle Outfitters in a research note on Friday, May 19th. Finally, FBR & Co lowered their target price on shares of American Eagle Outfitters from $17.00 to $15.00 and set a mkt perform rating on the stock in a research note on Thursday, March 2nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $16.11.
American Eagle Outfitters (AEO) opened at 11.09 on Monday. The company has a market cap of $1.96 billion, a PE ratio of 10.26 and a beta of 1.10. The stock has a 50 day moving average of $12.12 and a 200 day moving average of $14.20. American Eagle Outfitters has a 12-month low of $10.56 and a 12-month high of $19.55.
American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, May 17th. The apparel retailer reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. American Eagle Outfitters had a net margin of 5.44% and a return on equity of 18.95%. The firm had revenue of $761.80 million for the quarter, compared to analysts’ expectations of $741.76 million. During the same quarter last year, the firm posted $0.22 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts expect that American Eagle Outfitters will post $1.10 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Friday, July 7th will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, July 5th. This represents a $0.50 annualized dividend and a yield of 4.51%. American Eagle Outfitters’s payout ratio is 46.30%.
A number of institutional investors have recently modified their holdings of AEO. Russell Investments Group Ltd. purchased a new position in shares of American Eagle Outfitters during the fourth quarter valued at approximately $11,721,000. Bessemer Group Inc. increased its position in shares of American Eagle Outfitters by 0.3% in the fourth quarter. Bessemer Group Inc. now owns 42,989 shares of the apparel retailer’s stock valued at $652,000 after buying an additional 120 shares during the last quarter. Comerica Bank increased its position in shares of American Eagle Outfitters by 5.8% in the fourth quarter. Comerica Bank now owns 129,811 shares of the apparel retailer’s stock valued at $1,974,000 after buying an additional 7,170 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of American Eagle Outfitters by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,337,186 shares of the apparel retailer’s stock valued at $80,966,000 after buying an additional 657,516 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of American Eagle Outfitters during the fourth quarter valued at approximately $2,036,000. Institutional investors own 90.56% of the company’s stock.
About American Eagle Outfitters
American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
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