American Eagle Outfitters (AEO) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of American Eagle Outfitters (NYSE:AEO) from a hold rating to a buy rating in a research note published on Saturday.

Several other research analysts have also weighed in on AEO. B. Riley restated a buy rating on shares of American Eagle Outfitters in a research note on Wednesday, November 1st. Cowen restated an outperform rating and set a $19.00 price objective (up from $16.00) on shares of American Eagle Outfitters in a research note on Thursday. Telsey Advisory Group boosted their price objective on shares of American Eagle Outfitters from $16.00 to $19.00 and gave the stock an outperform rating in a research note on Thursday. SunTrust Banks restated a buy rating and set a $19.00 price objective on shares of American Eagle Outfitters in a research note on Thursday. Finally, Oppenheimer set a $13.00 price objective on shares of American Eagle Outfitters and gave the stock a hold rating in a research note on Wednesday, August 23rd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $15.05.

Shares of American Eagle Outfitters (NYSE:AEO) traded up $0.49 during trading hours on Friday, reaching $17.23. 5,940,217 shares of the company’s stock traded hands, compared to its average volume of 5,125,743. American Eagle Outfitters has a 52-week low of $10.23 and a 52-week high of $18.49. The company has a market cap of $3,055.02, a PE ratio of 15.52, a PEG ratio of 1.72 and a beta of 1.19.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The firm had revenue of $960.00 million for the quarter, compared to analyst estimates of $960.86 million. American Eagle Outfitters had a return on equity of 17.42% and a net margin of 4.50%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share. research analysts expect that American Eagle Outfitters will post 1.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, December 14th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 54.35%.

In related news, insider Jennifer M. Foyle sold 13,500 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $14.22, for a total value of $191,970.00. Following the completion of the transaction, the insider now owns 27,531 shares of the company’s stock, valued at approximately $391,490.82. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.80% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Chartwell Investment Partners LLC acquired a new position in American Eagle Outfitters in the 3rd quarter valued at approximately $3,995,000. Engineers Gate Manager LP acquired a new position in American Eagle Outfitters in the 2nd quarter valued at approximately $2,016,000. Paradigm Capital Management Inc. NY increased its position in American Eagle Outfitters by 3.2% in the 3rd quarter. Paradigm Capital Management Inc. NY now owns 236,300 shares of the apparel retailer’s stock valued at $3,379,000 after acquiring an additional 7,300 shares during the period. Russell Investments Group Ltd. increased its position in American Eagle Outfitters by 84.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 138,705 shares of the apparel retailer’s stock valued at $1,671,000 after acquiring an additional 63,583 shares during the period. Finally, Marshall Wace North America L.P. increased its position in American Eagle Outfitters by 807.2% in the 2nd quarter. Marshall Wace North America L.P. now owns 496,468 shares of the apparel retailer’s stock valued at $5,958,000 after acquiring an additional 441,740 shares during the period. Hedge funds and other institutional investors own 83.15% 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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