Trade Report: The American Eagle Outfitters Inc. (AEO) Upgraded at BMO Capital Markets

The American Eagle Outfitters Inc. (AEO) Upgraded at BMO Capital Markets

American Eagle Outfitters Inc. (NYSE:AEO) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Monday, The Fly reports.

Several other brokerages have also issued reports on AEO. Mizuho lifted their price target on American Eagle Outfitters from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, August 17th. Telsey Advisory Group raised their price objective on American Eagle Outfitters from $18.00 to $22.00 and gave the company a “market perform” rating in a report on Monday, August 15th. Deutsche Bank AG raised American Eagle Outfitters from a “hold” rating to a “buy” rating and raised their price objective for the company from $17.00 to $22.00 in a report on Monday, August 15th. FBR & Co raised American Eagle Outfitters from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $17.00 to $19.00 in a report on Thursday, August 25th. Finally, Zacks Investment Research raised American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Friday, August 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $19.17.

Shares of American Eagle Outfitters (NYSE:AEO) opened at 17.47 on Monday. The firm has a 50 day moving average price of $18.24 and a 200 day moving average price of $16.62. The company has a market capitalization of $3.18 billion, a P/E ratio of 13.90 and a beta of 0.89. American Eagle Outfitters has a one year low of $12.78 and a one year high of $19.55.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, August 17th. The apparel retailer reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.02. American Eagle Outfitters had a return on equity of 21.00% and a net margin of 6.61%. The company had revenue of $823 million for the quarter, compared to analyst estimates of $818.10 million. During the same quarter last year, the company posted $0.17 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts predict that American Eagle Outfitters will post $1.31 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 7th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.86%. American Eagle Outfitters’s payout ratio is presently 40.00%.

In other news, COO Michael R. Rempell sold 83,141 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $18.68, for a total value of $1,553,073.88. Following the transaction, the chief operating officer now owns 196,868 shares in the company, valued at approximately $3,677,494.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Michael R. Rempell sold 50,826 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $18.84, for a total value of $957,561.84. Following the completion of the transaction, the chief operating officer now owns 106,077 shares in the company, valued at approximately $1,998,490.68. The disclosure for this sale can be found here. 5.80% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. LSV Asset Management increased its position in American Eagle Outfitters by 25.0% in the second quarter. LSV Asset Management now owns 7,302,529 shares of the apparel retailer’s stock valued at $116,329,000 after buying an additional 1,461,850 shares during the last quarter. SG Capital Management LLC purchased a new position in American Eagle Outfitters during the second quarter valued at approximately $22,165,000. UBS Asset Management Americas Inc. increased its position in American Eagle Outfitters by 876.1% in the second quarter. UBS Asset Management Americas Inc. now owns 1,464,472 shares of the apparel retailer’s stock valued at $23,329,000 after buying an additional 1,314,439 shares during the last quarter. American Century Companies Inc. increased its position in American Eagle Outfitters by 68.1% in the second quarter. American Century Companies Inc. now owns 2,879,369 shares of the apparel retailer’s stock valued at $45,868,000 after buying an additional 1,166,201 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in American Eagle Outfitters during the second quarter valued at approximately $16,480,000. Hedge funds and other institutional investors own 95.05% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc (AEO Inc) is a specialty retailer, operating over 1,000 retail stores and online at ae.com and aerie.com in the United States and internationally. The Company operates in the segment of American Eagle Outfitters Brand (AEO Brand) retail stores, Aerie by American Eagle Outfitters retail stores and AEO Direct.

Related posts

Leave a Comment