American Eagle Outfitters (NYSE:AEO) – Research analysts at Jefferies Financial Group increased their FY2020 earnings per share estimates for shares of American Eagle Outfitters in a report released on Wednesday, June 5th. Jefferies Financial Group analyst J. Stichter now anticipates that the apparel retailer will post earnings per share of $1.65 for the year, up from their prior forecast of $1.64. Jefferies Financial Group currently has a “Buy” rating and a $28.00 target price on the stock.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, June 5th. The apparel retailer reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.03. The company had revenue of $886.29 million during the quarter, compared to analyst estimates of $855.55 million. American Eagle Outfitters had a return on equity of 20.80% and a net margin of 6.41%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $0.23 EPS.

Several other brokerages have also recently issued reports on AEO. ValuEngine raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Royal Bank of Canada lowered American Eagle Outfitters from an “outperform” rating to a “sector perform” rating and set a $24.00 price target for the company. in a report on Thursday, May 9th. They noted that the move was a valuation call. Wedbush downgraded American Eagle Outfitters from an “outperform” rating to a “neutral” rating in a research report on Thursday, May 9th. Finally, Zacks Investment Research lowered shares of American Eagle Outfitters from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.45.

Shares of American Eagle Outfitters stock opened at $16.87 on Monday. The company has a current ratio of 1.46, a quick ratio of 0.76 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $3.01 billion, a P/E ratio of 11.40, a P/E/G ratio of 1.66 and a beta of 1.07. American Eagle Outfitters has a one year low of $16.73 and a one year high of $29.88.

Institutional investors and hedge funds have recently made changes to their positions in the business. Private Ocean LLC bought a new position in American Eagle Outfitters during the first quarter valued at approximately $27,000. Advisory Services Network LLC acquired a new stake in shares of American Eagle Outfitters in the first quarter worth $30,000. Mckinley Capital Management LLC Delaware acquired a new stake in shares of American Eagle Outfitters in the fourth quarter worth $35,000. FNY Investment Advisers LLC acquired a new stake in shares of American Eagle Outfitters in the first quarter worth $66,000. Finally, Acadian Asset Management LLC boosted its stake in American Eagle Outfitters by 131.5% during the fourth quarter. Acadian Asset Management LLC now owns 3,660 shares of the apparel retailer’s stock worth $71,000 after buying an additional 2,079 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

In other American Eagle Outfitters news, insider Charles F. Kessler sold 3,573 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $23.00, for a total transaction of $82,179.00. Following the transaction, the insider now owns 132,618 shares of the company’s stock, valued at approximately $3,050,214. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Andrew J. Mclean sold 15,196 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $20.75, for a total transaction of $315,317.00. Following the transaction, the executive vice president now directly owns 30,180 shares in the company, valued at approximately $626,235. The disclosure for this sale can be found here. Insiders sold 135,820 shares of company stock valued at $3,151,706 over the last 90 days. Insiders own 6.30% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be given a $0.1375 dividend. This represents a $0.55 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Thursday, July 11th. American Eagle Outfitters’s payout ratio is currently 37.16%.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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Earnings History and Estimates for American Eagle Outfitters (NYSE:AEO)

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