American Eagle Outfitters (NYSE:AEO) – Analysts at SunTrust Banks boosted their FY2019 EPS estimates for American Eagle Outfitters in a note issued to investors on Monday. SunTrust Banks analyst P. Quintiliano now anticipates that the apparel retailer will post earnings per share of $1.31 for the year, up from their previous forecast of $1.28. SunTrust Banks currently has a “Buy” rating and a $21.00 target price on the stock.
American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). The company had revenue of $960.00 million during 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%. American Eagle Outfitters’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share.
AEO has been the topic of a number of other reports. Zacks Investment Research lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. B. Riley lifted their price objective on American Eagle Outfitters from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Cowen reaffirmed an “outperform” rating and issued a $16.00 price objective (up from $14.00) on shares of American Eagle Outfitters in a research note on Monday, October 2nd. BMO Capital Markets set a $21.00 price objective on American Eagle Outfitters and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Finally, Telsey Advisory Group lifted their price objective on American Eagle Outfitters from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.74.
American Eagle Outfitters (NYSE AEO) traded up $0.16 during trading on Wednesday, hitting $18.34. The company had a trading volume of 3,488,600 shares, compared to its average volume of 5,820,000. The firm has a market capitalization of $3,250.00, a price-to-earnings ratio of 20.15, a P/E/G ratio of 2.09 and a beta of 1.18. American Eagle Outfitters has a one year low of $10.23 and a one year high of $19.48.
A number of institutional investors and hedge funds have recently modified their holdings of the business. CIBC World Markets Inc. lifted its stake in American Eagle Outfitters by 0.6% in the second quarter. CIBC World Markets Inc. now owns 11,035 shares of the apparel retailer’s stock valued at $133,000 after buying an additional 63 shares during the period. Amalgamated Bank lifted its stake in American Eagle Outfitters by 1.1% in the second quarter. Amalgamated Bank now owns 23,261 shares of the apparel retailer’s stock valued at $280,000 after buying an additional 252 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in American Eagle Outfitters by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock valued at $103,000 after buying an additional 729 shares during the period. Thrivent Financial For Lutherans lifted its stake in American Eagle Outfitters by 3.8% in the second quarter. Thrivent Financial For Lutherans now owns 33,580 shares of the apparel retailer’s stock valued at $405,000 after buying an additional 1,230 shares during the period. Finally, Afam Capital Inc. lifted its stake in American Eagle Outfitters by 0.3% in the second quarter. Afam Capital Inc. now owns 399,804 shares of the apparel retailer’s stock valued at $4,818,000 after buying an additional 1,286 shares during the period. 83.20% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.73%. The ex-dividend date was Thursday, December 14th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 54.95%.
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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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