American Eagle Outfitters (NYSE:AEO) Hits New 12-Month High – What’s Next?
by Renee Jackson · The Cerbat GemShares of American Eagle Outfitters, Inc. (NYSE:AEO – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $24.70 and last traded at $24.1980, with a volume of 7811447 shares changing hands. The stock had previously closed at $23.91.
Analyst Ratings Changes
A number of brokerages recently commented on AEO. BTIG Research initiated coverage on American Eagle Outfitters in a report on Thursday, September 18th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. upgraded shares of American Eagle Outfitters from an “underweight” rating to a “neutral” rating and increased their price target for the company from $14.00 to $20.00 in a research report on Wednesday, December 3rd. The Goldman Sachs Group assumed coverage on shares of American Eagle Outfitters in a research report on Thursday. They issued a “neutral” rating and a $25.00 price objective on the stock. Royal Bank Of Canada set a $23.00 target price on shares of American Eagle Outfitters in a research note on Wednesday, December 3rd. Finally, Cowen restated a “hold” rating on shares of American Eagle Outfitters in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $21.45.
View Our Latest Research Report on American Eagle Outfitters
American Eagle Outfitters Price Performance
The firm has a market cap of $4.31 billion, a P/E ratio of 21.93 and a beta of 1.44. The business’s fifty day simple moving average is $18.22 and its 200-day simple moving average is $14.68. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13.
American Eagle Outfitters (NYSE:AEO – Get Free Report) last announced its quarterly earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.10. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.32 billion. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. As a group, analysts forecast that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.
American Eagle Outfitters Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, January 9th. American Eagle Outfitters’s dividend payout ratio (DPR) is 43.10%.
Insider Activity at American Eagle Outfitters
In related news, Director Cary D. Mcmillan sold 2,945 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $16.95, for a total value of $49,917.75. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jennifer M. Foyle sold 243,047 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the sale, the insider owned 191,751 shares of the company’s stock, valued at approximately $4,659,549.30. The trade was a 55.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 8.70% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On American Eagle Outfitters
Several large investors have recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL grew its stake in shares of American Eagle Outfitters by 50.0% in the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 500 shares during the period. Strs Ohio purchased a new stake in American Eagle Outfitters in the third quarter worth approximately $36,000. McIlrath & Eck LLC bought a new stake in American Eagle Outfitters in the 3rd quarter worth approximately $39,000. Larson Financial Group LLC lifted its holdings in shares of American Eagle Outfitters by 8,432.1% during the 3rd quarter. Larson Financial Group LLC now owns 2,389 shares of the apparel retailer’s stock valued at $41,000 after buying an additional 2,361 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of American Eagle Outfitters by 1,655.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,475 shares of the apparel retailer’s stock worth $42,000 after buying an additional 2,334 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than American Eagle Outfitters
- Canada Bond Market Holiday: How to Invest and Trade
- Synopsys Sees Bullish Shift as Ansys Integration Drives Growth
- Stock Market Upgrades: What Are They?
- The Best Holiday Present You Can Give Yourself? Costco Stock
- Differences Between Momentum Investing and Long Term Investing
- Why Zscaler Stock Could Be Ready to Bounce After a 30% Selloff