American Eagle Outfitters (NYSE:AEO) Price Target Raised to $22.00

American Eagle Outfitters (NYSE:AEO) had its target price boosted by Telsey Advisory Group from $19.00 to $22.00 in a research note published on Tuesday, January 2nd, Marketbeat.com reports. They currently have an outperform rating on the apparel retailer’s stock.

AEO has been the topic of several other research reports. Zacks Investment Research downgraded American Eagle Outfitters from a buy rating to a hold rating in a research report on Tuesday, November 7th. B. Riley upped their price objective on American Eagle Outfitters from $15.00 to $18.00 and gave the company a buy rating in a research report on Thursday, December 7th. Cowen reiterated an outperform rating and issued a $16.00 target price (up from $14.00) on shares of American Eagle Outfitters in a report on Monday, October 2nd. BMO Capital Markets set a $21.00 target price on American Eagle Outfitters and gave the stock a buy rating in a report on Tuesday, December 19th. Finally, SunTrust Banks reiterated a buy rating and issued a $15.00 target price on shares of American Eagle Outfitters in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $15.74.

American Eagle Outfitters (NYSE:AEO) opened at $18.18 on Tuesday. American Eagle Outfitters has a twelve month low of $10.23 and a twelve month high of $19.48. The company has a market capitalization of $3,220.00, a P/E ratio of 19.98, a P/E/G ratio of 2.09 and a beta of 1.18.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). The firm had revenue of $960.00 million during the quarter, compared to the consensus estimate of $960.86 million. American Eagle Outfitters had a return on equity of 17.42% and a net margin of 4.50%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 EPS. analysts anticipate that American Eagle Outfitters will post 1.15 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a yield of 2.75%. American Eagle Outfitters’s dividend payout ratio is currently 54.95%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of American Eagle Outfitters by 9.6% in the third quarter. Dimensional Fund Advisors LP now owns 7,914,649 shares of the apparel retailer’s stock valued at $113,179,000 after acquiring an additional 693,993 shares in the last quarter. LSV Asset Management increased its stake in American Eagle Outfitters by 1.1% during the second quarter. LSV Asset Management now owns 7,339,955 shares of the apparel retailer’s stock worth $88,446,000 after acquiring an additional 76,600 shares during the last quarter. Hamlin Capital Management LLC increased its stake in American Eagle Outfitters by 16.4% during the third quarter. Hamlin Capital Management LLC now owns 6,677,523 shares of the apparel retailer’s stock worth $95,489,000 after acquiring an additional 940,045 shares during the last quarter. State Street Corp increased its stake in American Eagle Outfitters by 4.5% during the second quarter. State Street Corp now owns 6,011,488 shares of the apparel retailer’s stock worth $72,433,000 after acquiring an additional 258,845 shares during the last quarter. Finally, Northern Trust Corp increased its stake in American Eagle Outfitters by 4.0% during the second quarter. Northern Trust Corp now owns 3,300,280 shares of the apparel retailer’s stock worth $39,768,000 after acquiring an additional 128,068 shares during the last quarter. Institutional investors and hedge funds own 83.20% of the company’s stock.

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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.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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