American Eagle Outfitters (NYSE:AEO) Downgraded to “Neutral” at B. Riley

B. Riley lowered shares of American Eagle Outfitters (NYSE:AEOGet Rating) from a buy rating to a neutral rating in a report published on Friday, The Fly reports. B. Riley currently has $13.00 price target on the apparel retailer’s stock, down from their previous price target of $22.00.

Other equities analysts have also issued research reports about the stock. Barclays reduced their target price on shares of American Eagle Outfitters from $19.00 to $13.00 and set an equal weight rating on the stock in a report on Tuesday, May 31st. StockNews.com upgraded shares of American Eagle Outfitters from a sell rating to a hold rating in a report on Thursday. Morgan Stanley lowered shares of American Eagle Outfitters from an equal weight rating to an underweight rating and reduced their target price for the company from $22.00 to $8.00 in a report on Tuesday, May 31st. Citigroup lowered shares of American Eagle Outfitters from a buy rating to a neutral rating and cut their price objective for the stock from $39.00 to $14.00 in a report on Monday, May 23rd. Finally, Bank of America cut their price objective on shares of American Eagle Outfitters from $28.00 to $24.00 and set a neutral rating on the stock in a report on Thursday, March 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $20.85.

Shares of AEO opened at $11.86 on Friday. The firm has a market cap of $2.01 billion, a PE ratio of 6.86, a price-to-earnings-growth ratio of 0.79 and a beta of 1.34. The company’s fifty day moving average is $14.34 and its two-hundred day moving average is $19.23. American Eagle Outfitters has a fifty-two week low of $11.43 and a fifty-two week high of $38.99. The company has a quick ratio of 0.81, a current ratio of 1.74 and a debt-to-equity ratio of 0.29.

American Eagle Outfitters (NYSE:AEOGet Rating) last posted its earnings results on Thursday, May 26th. The apparel retailer reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.09). The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.14 billion. American Eagle Outfitters had a net margin of 7.07% and a return on equity of 28.05%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 EPS. As a group, equities research analysts anticipate that American Eagle Outfitters will post 1.32 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 22nd. Investors of record on Friday, July 8th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date of this dividend is Thursday, July 7th. American Eagle Outfitters’s dividend payout ratio is presently 41.62%.

In other American Eagle Outfitters news, EVP Andrew J. Mclean sold 24,958 shares of the business’s stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $18.00, for a total transaction of $449,244.00. Following the completion of the transaction, the executive vice president now directly owns 53,343 shares of the company’s stock, valued at approximately $960,174. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Noel Joseph Spiegel bought 20,000 shares of American Eagle Outfitters stock in a transaction on Friday, June 10th. The shares were purchased at an average cost of $12.00 per share, with a total value of $240,000.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at $240,000. The disclosure for this purchase can be found here. 8.20% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Cornerstone Advisory LLC acquired a new position in American Eagle Outfitters during the 4th quarter valued at about $26,000. Rockefeller Capital Management L.P. lifted its stake in shares of American Eagle Outfitters by 73.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,462 shares of the apparel retailer’s stock worth $37,000 after acquiring an additional 620 shares during the period. Covestor Ltd acquired a new stake in shares of American Eagle Outfitters in the 4th quarter worth approximately $46,000. Canada Pension Plan Investment Board acquired a new stake in shares of American Eagle Outfitters in the 1st quarter worth approximately $37,000. Finally, Elequin Capital LP acquired a new stake in shares of American Eagle Outfitters in the 1st quarter worth approximately $37,000.

About American Eagle Outfitters (Get Rating)

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, activewear, and swim collections, as well as personal care products for women.

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