American Eagle Outfitters (NYSE:AEO) – Stock analysts at B. Riley lifted their FY2019 earnings per share estimates for shares of American Eagle Outfitters in a research report issued on Thursday, according to Zacks Investment Research. B. Riley analyst S. Anderson now forecasts that the apparel retailer will post earnings per share of $1.48 for the year, up from their prior forecast of $1.25. B. Riley currently has a “Buy” rating and a $22.00 price objective on the stock.
American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Thursday, March 8th. The apparel retailer reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. American Eagle Outfitters had a return on equity of 17.91% and a net margin of 5.38%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm posted $0.39 EPS. The business’s revenue was up 12.0% on a year-over-year basis.
Other research analysts have also issued research reports about the company. BMO Capital Markets set a $21.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research report on Tuesday, December 19th. ValuEngine raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, December 9th. Jefferies Group reissued a “buy” rating and issued a $24.00 price objective on shares of American Eagle Outfitters in a research note on Friday, February 23rd. SunTrust Banks reissued a “buy” rating on shares of American Eagle Outfitters in a research note on Friday, February 2nd. Finally, Cowen set a $20.00 price objective on American Eagle Outfitters and gave the company a “buy” rating in a research note on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. American Eagle Outfitters presently has an average rating of “Hold” and an average price target of $18.00.
Shares of AEO stock traded up $0.24 during trading hours on Monday, hitting $20.08. The stock had a trading volume of 2,177,522 shares, compared to its average volume of 4,376,655. American Eagle Outfitters has a 52-week low of $10.23 and a 52-week high of $20.83. The stock has a market cap of $3,475.24, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.01.
Several institutional investors and hedge funds have recently modified their holdings of the business. Xact Kapitalforvaltning AB acquired a new stake in shares of American Eagle Outfitters in the 4th quarter worth $316,000. Banco de Sabadell S.A acquired a new stake in shares of American Eagle Outfitters in the 4th quarter worth $979,000. MetLife Investment Advisors LLC acquired a new stake in shares of American Eagle Outfitters in the 4th quarter worth $3,375,000. Gotham Asset Management LLC acquired a new stake in shares of American Eagle Outfitters in the 4th quarter worth $318,000. Finally, Castleark Management LLC acquired a new stake in shares of American Eagle Outfitters in the 4th quarter worth $12,509,000. 86.00% of the stock is owned by institutional investors and hedge funds.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be paid a $0.1375 dividend. The ex-dividend date is Thursday, April 12th. This is an increase from American Eagle Outfitters’s previous quarterly dividend of $0.13. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.74%. American Eagle Outfitters’s dividend payout ratio (DPR) is 43.86%.
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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.
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