The price of American Eagle Outfitters Inc. (NYSE:AEO) shares last traded on Wall Street rose 0.37% to $16.46.
Based on available information, 13 analysts follow American Eagle Outfitters Inc. (NYSE:AEO). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $12.50, we find $17.00. Given the previous closing price of $16.40, this indicates a potential upside of 3.66 percent. AEO stock price is now 5.94% away from the 50-day moving average and 17.38% away from the 200-day moving average. The market capitalization of the company currently stands at $3.25B.
Among analysts, 8 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $17.29 as their price target over the next twelve months.
With the price target enhanced from $11 to $18, Barclays Upgraded its rating from Equal Weight to Overweight for American Eagle Outfitters Inc. (NYSE: AEO).
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 $2.83 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 $2.83 million. Insiders disposed of 444,473 shares of company stock worth roughly $7.32 million over the past 1 year. A total of 8.33% 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 DEPRINCE RACE & ZOLLO INC during the first quarter worth $31,362,000. DDD PARTNERS, LLC invested $8,620,000 in shares of AEO during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in American Eagle Outfitters Inc. valued at approximately $5,145,000. GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC acquired a new stake in AEO for approximately $3,863,000. MONARCH PARTNERS ASSET MANAGEMENT LLC purchased a new stake in AEO valued at around $2,323,000 in the second quarter. In total, there are 411 active investors with 91.53% ownership of the company’s stock.
A candlestick chart of American Eagle Outfitters Inc. (NYSE: AEO) showed a price of $16.43 on Wednesday morning. During the past 12 months, American Eagle Outfitters Inc. has had a low of $9.46 and a high of $17.53. As of last week, the company has a debt-to-equity ratio of 0.77, a current ratio of 1.58, and a quick ratio of 0.74. According to the stock market information, the enterprise value for the company is $4.35B, which is based on a 15.90 price-to-earnings ratio, a 0.93 price-to-earnings-growth ratio, and a beta of 1.51. The fifty day moving average price for AEO is $15.60 and a two-hundred day moving average price translates $14.03 for the stock.
The latest earnings results from American Eagle Outfitters Inc. (NYSE: AEO) was released for Jul, 2023. According to the Apparel Retail Company, earnings per share came in at $0.25, beating analysts’ expectations of $0.16 by 0.09. This compares to -$0.24 EPS in the same period last year. The net profit margin was 4.04% and return on equity was 13.32% for AEO. The company reported revenue of $1.2 billion for the quarter, compared to $1.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.23 percent. For the current quarter, analysts expect AEO to generate $1.27B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/21/2023. Investors who held shares on 07/07/2023 were paid a $0.10 dividend. On an annualized basis, this represents a $0.42 dividend and a 2.57% percent yield. There was an ex-dividend date of 07/06/2023 for this dividend. In terms of dividend payout ratio, AEO is presently at 56.57%.
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.
