American Eagle Outfitters (NYSE:AEO) Given New $18.00 Price Target at Telsey Advisory Group

American Eagle Outfitters (NYSE:AEO) had its price objective decreased by Telsey Advisory Group from $20.00 to $18.00 in a report published on Tuesday morning, Marketbeat reports. Telsey Advisory Group currently has a market perform rating on the apparel retailer’s stock.

A number of other research firms also recently weighed in on AEO. JPMorgan Chase & Co. dropped their target price on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Bank of America dropped their price objective on shares of American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. Barclays decreased their target price on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. BMO Capital Markets dropped their price target on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday, December 5th. Finally, Jefferies Financial Group cut their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.90.

American Eagle Outfitters Price Performance

Shares of AEO opened at $15.96 on Tuesday. The company’s 50-day moving average is $17.61 and its 200-day moving average is $19.54. The firm has a market capitalization of $3.07 billion, a PE ratio of 13.64, a PEG ratio of 1.12 and a beta of 1.53. American Eagle Outfitters has a fifty-two week low of $15.36 and a fifty-two week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 earnings per share. Analysts predict that American Eagle Outfitters will post 1.69 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.13%. American Eagle Outfitters’s payout ratio is 42.74%.

Institutional Trading of American Eagle Outfitters

Several large investors have recently bought and sold shares of the business. Kathleen S. Wright Associates Inc. acquired a new position in American Eagle Outfitters during the third quarter worth about $32,000. Advisors Asset Management Inc. grew its holdings in shares of American Eagle Outfitters by 171.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after purchasing an additional 1,608 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in American Eagle Outfitters in the 3rd quarter valued at approximately $141,000. Meeder Asset Management Inc. acquired a new stake in American Eagle Outfitters in the third quarter valued at approximately $141,000. Finally, ORG Partners LLC bought a new stake in shares of American Eagle Outfitters during the fourth quarter worth $147,000. 97.33% of the stock is owned by institutional investors and hedge funds.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.