Buckingham Research set a $23.00 price objective on American Eagle Outfitters (NYSE:AEO) in a research report report published on Friday, March 9th. The firm currently has a buy rating on the apparel retailer’s stock.
Several other brokerages have also weighed in on AEO. SunTrust Banks reaffirmed a buy rating and set a $21.00 target price on shares of American Eagle Outfitters in a research note on Tuesday, January 9th. Cowen set a $20.00 target price on shares of American Eagle Outfitters and gave the stock a buy rating in a research note on Thursday, January 18th. Citigroup increased their target price on shares of American Eagle Outfitters from $19.00 to $20.00 and gave the stock a neutral rating in a research note on Friday, March 9th. Telsey Advisory Group increased their target price on shares of American Eagle Outfitters from $19.00 to $22.00 and gave the stock an outperform rating in a research note on Tuesday, January 2nd. Finally, Royal Bank of Canada set a $22.00 target price on shares of American Eagle Outfitters and gave the stock a buy rating in a research note on Thursday, March 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $18.00.
Shares of American Eagle Outfitters (NYSE AEO) traded down $0.07 during midday trading on Friday, hitting $19.52. 3,757,300 shares of the stock were exchanged, compared to its average volume of 5,243,768. American Eagle Outfitters has a 1-year low of $10.23 and a 1-year high of $20.83. The firm has a market capitalization of $3,461.05, a PE ratio of 17.12, a price-to-earnings-growth ratio of 1.89 and a beta of 1.01.
American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Thursday, March 8th. The apparel retailer reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. American Eagle Outfitters had a net margin of 5.38% and a return on equity of 17.91%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the business earned $0.39 earnings per share. American Eagle Outfitters’s revenue was up 12.0% compared to the same quarter last year. sell-side analysts anticipate that American Eagle Outfitters will post 1.46 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be paid a $0.1375 dividend. This is a positive change from American Eagle Outfitters’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.55 annualized dividend and a dividend yield of 2.82%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 43.86%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in American Eagle Outfitters by 6,294.3% in the fourth quarter. Victory Capital Management Inc. now owns 2,211,964 shares of the apparel retailer’s stock worth $41,585,000 after acquiring an additional 2,177,371 shares during the last quarter. Senvest Management LLC acquired a new stake in American Eagle Outfitters during the third quarter worth approximately $22,737,000. Ameriprise Financial Inc. raised its holdings in American Eagle Outfitters by 205.6% during the third quarter. Ameriprise Financial Inc. now owns 2,280,569 shares of the apparel retailer’s stock worth $32,611,000 after purchasing an additional 1,534,344 shares in the last quarter. Majedie Asset Management Ltd acquired a new stake in American Eagle Outfitters during the third quarter worth approximately $18,202,000. Finally, Contrarius Investment Management Ltd acquired a new stake in American Eagle Outfitters during the third quarter worth approximately $12,597,000. 86.08% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This piece of content was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/03/18/american-eagle-outfitters-aeo-pt-set-at-23-00-by-buckingham-research.html.
American Eagle Outfitters Company Profile
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.
Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.