American Eagle Outfitters (NYSE:AEO) hit a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $21.65 and last traded at $21.39, with a volume of 1681636 shares changing hands. The stock had previously closed at $21.43.
AEO has been the subject of a number of research reports. BMO Capital Markets set a $21.00 price objective on shares of American Eagle Outfitters and gave the company a “buy” rating in a research note on Tuesday, December 19th. Jefferies Group reaffirmed 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 reiterated a “buy” rating on shares of American Eagle Outfitters in a report on Friday, February 2nd. Cowen set a $20.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, Buckingham Research upgraded shares of American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $18.37.
The company has a market capitalization of $3,799.71, a PE ratio of 18.47, a PEG ratio of 2.07 and a beta of 1.03.
American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Thursday, March 8th. The apparel retailer reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. American Eagle Outfitters had a net margin of 5.38% and a return on equity of 17.91%. American Eagle Outfitters’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business earned $0.39 EPS. analysts anticipate that American Eagle Outfitters will post 1.46 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be paid a $0.1375 dividend. This represents a $0.55 annualized dividend and a dividend yield of 2.56%. This is a positive change from American Eagle Outfitters’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, April 12th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 43.10%.
In related news, insider Jennifer M. Foyle sold 22,000 shares of the stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $19.69, for a total transaction of $433,180.00. Following the sale, the insider now directly owns 49,791 shares of the company’s stock, valued at approximately $980,384.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer M. Foyle sold 120,070 shares of the stock in a transaction dated Friday, April 6th. The shares were sold at an average price of $21.09, for a total transaction of $2,532,276.30. Following the sale, the insider now directly owns 115,591 shares in the company, valued at $2,437,814.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 181,537 shares of company stock valued at $3,758,143. 5.80% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Cerebellum GP LLC purchased a new stake in shares of American Eagle Outfitters during the 4th quarter valued at about $129,000. Advisor Group Inc. boosted its holdings in shares of American Eagle Outfitters by 291.6% during the 4th quarter. Advisor Group Inc. now owns 7,257 shares of the apparel retailer’s stock valued at $137,000 after acquiring an additional 5,404 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter valued at about $160,000. Sequoia Financial Advisors LLC purchased a new stake in shares of American Eagle Outfitters during the 4th quarter valued at about $189,000. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of American Eagle Outfitters during the 4th quarter valued at about $202,000. 86.07% of the stock is currently owned by institutional investors.
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About American Eagle Outfitters
American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.
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