American Eagle Outfitters, Inc. (AEO) Upgraded to “Buy” by FBR & Co

FBR & Co upgraded shares of American Eagle Outfitters, Inc. (NYSE:AEO) from a neutral rating to a buy rating in a research note released on Tuesday, Marketbeat reports. They currently have $13.00 price target on the apparel retailer’s stock.

A number of other brokerages have also commented on AEO. Jefferies Group LLC set a $19.00 target price on shares of American Eagle Outfitters and gave the stock a buy rating in a research report on Wednesday, May 10th. Wolfe Research lowered shares of American Eagle Outfitters from a peer perform rating to an underperform rating in a research report on Tuesday, May 9th. Deutsche Bank AG reaffirmed a buy rating and set a $20.00 target price on shares of American Eagle Outfitters in a research report on Monday, April 24th. Vetr lowered shares of American Eagle Outfitters from a strong-buy rating to a buy rating and set a $15.00 target price on the stock. in a research report on Thursday, April 20th. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $17.00 target price on shares of American Eagle Outfitters in a research report on Friday, May 12th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $15.16.

American Eagle Outfitters (NYSE:AEO) opened at 11.11 on Tuesday. The company’s 50-day moving average price is $11.67 and its 200-day moving average price is $13.01. The stock has a market cap of $1.97 billion, a P/E ratio of 10.28 and a beta of 1.09. American Eagle Outfitters has a one year low of $10.56 and a one year high of $19.04.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, May 17th. The apparel retailer reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. The company had revenue of $761.80 million for the quarter, compared to analysts’ expectations of $741.76 million. American Eagle Outfitters had a return on equity of 18.95% and a net margin of 5.44%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.22 earnings per share. Analysts forecast that American Eagle Outfitters will post $1.09 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $0.50 dividend on an annualized basis and a yield of 4.50%. American Eagle Outfitters’s dividend payout ratio is presently 46.30%.

A number of hedge funds and other institutional investors have recently bought and sold shares of AEO. Glen Harbor Capital Management LLC increased its position in American Eagle Outfitters by 2.2% in the first quarter. Glen Harbor Capital Management LLC now owns 7,238 shares of the apparel retailer’s stock worth $102,000 after buying an additional 154 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in American Eagle Outfitters by 58.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,804 shares of the apparel retailer’s stock worth $109,000 after buying an additional 2,877 shares in the last quarter. Elkfork Partners LLC increased its position in American Eagle Outfitters by 2.2% in the first quarter. Elkfork Partners LLC now owns 9,212 shares of the apparel retailer’s stock worth $129,000 after buying an additional 196 shares in the last quarter. Ronald Blue & Co. LLC increased its position in American Eagle Outfitters by 3.1% in the second quarter. Ronald Blue & Co. LLC now owns 10,476 shares of the apparel retailer’s stock worth $126,000 after buying an additional 311 shares in the last quarter. Finally, FNY Managed Accounts LLC acquired a new position in American Eagle Outfitters during the first quarter worth about $147,000. Institutional investors own 89.03% of the company’s stock.

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.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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