American Eagle Outfitters (AEO) Rating Reiterated by SunTrust Banks

SunTrust Banks reaffirmed their buy rating on shares of American Eagle Outfitters (NYSE:AEO) in a report issued on Thursday, December 7th. They currently have a $19.00 target price on the apparel retailer’s stock. SunTrust Banks also issued estimates for American Eagle Outfitters’ Q4 2018 earnings at $0.44 EPS and FY2019 earnings at $1.28 EPS.

A number of other equities analysts have also weighed in on AEO. Cowen reissued an outperform rating and issued a $19.00 target price (up previously from $16.00) on shares of American Eagle Outfitters in a research report on Thursday, December 7th. Telsey Advisory Group boosted their target price on American Eagle Outfitters from $16.00 to $19.00 and gave the stock an outperform rating in a research report on Thursday, December 7th. B. Riley boosted their target price on American Eagle Outfitters from $15.00 to $18.00 and gave the stock a buy rating in a research report on Thursday, December 7th. Zacks Investment Research raised American Eagle Outfitters from a hold rating to a buy rating and set a $14.00 target price for the company in a research report on Thursday, November 9th. Finally, Wolfe Research raised American Eagle Outfitters from an underperform rating to a market perform rating in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. American Eagle Outfitters has a consensus rating of Hold and a consensus target price of $15.33.

American Eagle Outfitters (NYSE AEO) traded down $0.23 on Thursday, hitting $18.80. The stock had a trading volume of 1,801,343 shares, compared to its average volume of 5,518,612. The stock has a market cap of $3,374.17, a price-to-earnings ratio of 20.43, a PEG ratio of 2.19 and a beta of 1.19. American Eagle Outfitters has a 12-month low of $10.23 and a 12-month high of $19.48.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The company had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $960.86 million. American Eagle Outfitters had a return on equity of 17.42% and a net margin of 4.50%. American Eagle Outfitters’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. sell-side analysts anticipate that American Eagle Outfitters will post 1.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.66%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 54.35%.

Large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of American Eagle Outfitters by 9.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock valued at $103,000 after acquiring an additional 729 shares during the period. Sterling Capital Management LLC bought a new position in shares of American Eagle Outfitters during the 2nd quarter valued at approximately $128,000. CIBC World Markets Inc. grew its stake in shares of American Eagle Outfitters by 0.6% during the 2nd quarter. CIBC World Markets Inc. now owns 11,035 shares of the apparel retailer’s stock valued at $133,000 after acquiring an additional 63 shares during the period. Riverhead Capital Management LLC grew its stake in shares of American Eagle Outfitters by 91.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 11,082 shares of the apparel retailer’s stock valued at $134,000 after acquiring an additional 5,282 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in shares of American Eagle Outfitters during the 3rd quarter valued at approximately $160,000. Institutional investors own 83.20% of the company’s stock.

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About American Eagle Outfitters

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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