American Eagle Outfitters, Inc. (NYSE:AEO) Given Consensus Rating of “Reduce” by Brokerages

American Eagle Outfitters, Inc. (NYSE:AEO – Get Rating) has been assigned an average rating of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $14.08.

Several analysts have recently commented on AEO shares. StockNews.com assumed coverage on American Eagle Outfitters in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Jefferies Financial Group decreased their price objective on American Eagle Outfitters from $16.00 to $14.00 in a research report on Tuesday, May 9th. Citigroup dropped their target price on American Eagle Outfitters from $17.00 to $14.00 in a report on Thursday, May 18th. JPMorgan Chase & Co. raised their price target on shares of American Eagle Outfitters from $14.00 to $15.00 in a report on Monday, May 8th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $17.00 price objective on shares of American Eagle Outfitters in a research note on Thursday, March 2nd.

Insider Buying and Selling

In other American Eagle Outfitters news, EVP Michael R. Rempell sold 2,967 shares of the firm’s stock in a transaction dated Monday, April 10th. The stock was sold at an average price of $13.56, for a total transaction of $40,232.52. Following the transaction, the executive vice president now directly owns 172,003 shares in the company, valued at $2,332,360.68. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Michael R. Rempell sold 5,761 shares of the business’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of $13.33, for a total value of $76,794.13. Following the completion of the sale, the executive vice president now directly owns 172,003 shares in the company, valued at $2,292,799.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael R. Rempell sold 2,967 shares of the firm’s stock in a transaction on Monday, April 10th. The shares were sold at an average price of $13.56, for a total transaction of $40,232.52. Following the completion of the transaction, the executive vice president now owns 172,003 shares in the company, valued at $2,332,360.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,202 shares of company stock worth $599,822. Corporate insiders own 7.50% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

A number of hedge funds have recently bought and sold shares of the company. State of Wyoming acquired a new position in shares of American Eagle Outfitters during the 4th quarter worth about $27,000. Belpointe Asset Management LLC bought a new position in American Eagle Outfitters in the 4th quarter worth approximately $29,000. Canada Pension Plan Investment Board acquired a new position in shares of American Eagle Outfitters during the first quarter worth approximately $37,000. Quarry LP bought a new stake in shares of American Eagle Outfitters in the first quarter valued at approximately $38,000. Finally, Eisler Capital UK Ltd. acquired a new stake in shares of American Eagle Outfitters in the third quarter worth $34,000. 93.34% of the stock is currently owned by institutional investors.

American Eagle Outfitters Stock Down 2.0 %

Shares of American Eagle Outfitters stock opened at $11.55 on Wednesday. American Eagle Outfitters has a 12-month low of $9.46 and a 12-month high of $17.09. The firm has a market capitalization of $2.28 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 0.86 and a beta of 1.52. The company has a quick ratio of 0.67, a current ratio of 1.43 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is $13.18 and its 200-day moving average is $14.21.

American Eagle Outfitters (NYSE:AEO – Get Rating) last posted its quarterly earnings data on Wednesday, March 1st. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.07. American Eagle Outfitters had a return on equity of 13.27% and a net margin of 2.51%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company earned $0.35 EPS. Equities analysts anticipate that American Eagle Outfitters will post 1.12 earnings per share for the current year.

American Eagle Outfitters Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Investors of record on Thursday, April 6th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend was Wednesday, April 5th. American Eagle Outfitters’s payout ratio is presently 64.52%.

About American Eagle Outfitters

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American Eagle Outfitters, Inc is a multi-brand specialty retailer, which offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.