Stocks of American Eagle Outfitters Inc. (NYSE:AEO) traded higher last session on Wall Street, down -1.93% to $12.67.
According to the data, American Eagle Outfitters Inc. (NYSE:AEO) has 12 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $19.00 and a low of $12.00, we find $15.00. Given the previous closing price of $12.92, this indicates a potential upside of 16.1 percent. AEO stock price is now -4.76% away from the 50-day moving average and -3.95% away from the 200-day moving average. The market capitalization of the company currently stands at $2.52B.
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A total of 8 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $15.18 as their price target over the next twelve months.
With the price target reduced from $18 to $16, Jefferies Downgraded its rating from Buy to Hold for American Eagle Outfitters Inc. (NYSE: AEO)., while ‘Cowen’ rates the stock as ‘Market Perform’.
In other news, Rempell Michael R, EVP, Chief Operations Officer sold 2,967 shares of the company’s stock on Apr 10. The stock was sold for $40,233 at an average price of $13.56. Upon completion of the transaction, the EVP, Chief Operations Officer now directly owns 172,003 shares in the company, valued at $2.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 31, EVP, Chief Operations Officer Rempell Michael R sold 5,761 shares of the business’s stock. A total of $76,794 was realized by selling the stock at an average price of $13.33. This leaves the insider owning 172,003 shares of the company worth $2.18 million. Insiders disposed of 478,337 shares of company stock worth roughly $6.06 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AEO stock. A new stake in American Eagle Outfitters Inc. shares was purchased by SAMLYN CAPITAL, LLC during the first quarter worth $8,423,000. GREAT LAKES ADVISORS, LLC invested $6,841,000 in shares of AEO during the first quarter. In the first quarter, CINCTIVE CAPITAL MANAGEMENT LP acquired a new stake in American Eagle Outfitters Inc. valued at approximately $6,818,000. JUMP FINANCIAL, LLC acquired a new stake in AEO for approximately $5,167,000. BROOKFIELD CORP /ON/ purchased a new stake in AEO valued at around $3,506,000 in the second quarter.
Tuesday’s opening bell rang with an opening price of $12.79 for American Eagle Outfitters Inc. (NYSE: AEO). During the past 12 months, American Eagle Outfitters Inc. has had a low of $9.46 and a high of $17.09. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 1.40, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $3.76B, which is based on a 21.15 price-to-earnings ratio, a 1.39 price-to-earnings-growth ratio, and a beta of 1.50. The fifty day moving average price for AEO is $13.28 and a two-hundred day moving average price translates $13.19 for the stock.
The latest earnings results from American Eagle Outfitters Inc. (NYSE: AEO) was released for Jan, 2023. According to the Apparel Retail Company, earnings per share came in at $0.37, beating analysts’ expectations of $0.3 by 0.07. This compares to $0.25 EPS in the same period last year. The net profit margin was 2.50% and return on equity was 8.60% for AEO. The company reported revenue of $1.5 billion for the quarter, compared to $1.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.79 percent. For the current quarter, analysts expect AEO to generate $1.07B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/21/2023. Investors who held shares on 04/06/2023 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 3.16% percent yield. There was an ex-dividend date of 04/05/2023 for this dividend. In terms of dividend payout ratio, AEO is presently at 68.20%.
American Eagle Outfitters Inc.(AEO) Company Profile
American Eagle Outfitters, Inc. operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men; and intimates, apparel, activewear, and swim collections. It also offers menswear products under the Todd Snyder New York brand; and fashion clothing and accessories under the Unsubscribed brand. The company sells its products through retail stores; digital channels, such as www.ae.com, www.aerie.com, www.toddsnyder.com, and www.unsubscribed.com; and applications. American Eagle Outfitters, Inc. was founded in 1977 and is headquartered in Pittsburgh, Pennsylvania.
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