American Eagle Outfitters (NYSE:AEO) – Equities research analysts at SunTrust Banks raised their FY2019 earnings per share estimates for American Eagle Outfitters in a report issued on Monday. SunTrust Banks analyst P. Quintiliano now expects that the apparel retailer will post earnings per share of $1.31 for the year, up from their previous estimate of $1.28. SunTrust Banks currently has a “Buy” rating and a $21.00 target price on the stock.
Several other research firms have also issued reports on AEO. Buckingham Research upgraded American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Thursday. Telsey Advisory Group lifted their target price on American Eagle Outfitters from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, January 2nd. BMO Capital Markets set a $21.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research note on Tuesday, December 19th. ValuEngine upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, December 9th. Finally, Cowen reiterated an “outperform” rating and issued a $19.00 target price (up previously from $16.00) on shares of American Eagle Outfitters in a research note on Thursday, December 7th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.74.
American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 EPS 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 analysts’ expectations of $960.86 million. American Eagle Outfitters had a net margin of 4.50% and a return on equity of 17.42%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 EPS.
Hedge funds have recently modified their holdings of the company. Chartwell Investment Partners LLC purchased a new stake in shares of American Eagle Outfitters during the third quarter worth about $3,995,000. Paradigm Capital Management Inc. NY grew its stake in shares of American Eagle Outfitters by 3.2% during the third quarter. Paradigm Capital Management Inc. NY now owns 236,300 shares of the apparel retailer’s stock worth $3,379,000 after acquiring an additional 7,300 shares during the last quarter. Senvest Management LLC purchased a new stake in shares of American Eagle Outfitters during the third quarter worth about $22,737,000. Verity Asset Management Inc. grew its stake in shares of American Eagle Outfitters by 237.8% during the second quarter. Verity Asset Management Inc. now owns 36,588 shares of the apparel retailer’s stock worth $441,000 after acquiring an additional 25,756 shares during the last quarter. Finally, Scout Investments Inc. grew its stake in shares of American Eagle Outfitters by 5.8% during the third quarter. Scout Investments Inc. now owns 1,059,574 shares of the apparel retailer’s stock worth $15,152,000 after acquiring an additional 57,927 shares during the last quarter. Institutional investors and hedge funds own 83.20% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.73%. American Eagle Outfitters’s payout ratio is 54.95%.
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American Eagle Outfitters Company Profile
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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