American Eagle Outfitters (NYSE:AEO) Price Target Cut to $18.00 by Analysts at Bank of America

American Eagle Outfitters (NYSE:AEO) had its price objective lowered by Bank of America from $21.00 to $18.00 in a research note released on Wednesday,Benzinga reports. Bank of America currently has a neutral rating on the apparel retailer’s stock.

AEO has been the topic of a number of other research reports. Raymond James began coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They issued a “market perform” rating on the stock. BMO Capital Markets lowered their price target on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, December 5th. JPMorgan Chase & Co. dropped their price objective on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Telsey Advisory Group cut their price objective on American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, American Eagle Outfitters presently has an average rating of “Hold” and an average target price of $21.60.

American Eagle Outfitters Stock Up 1.2 %

Shares of AEO opened at $16.11 on Wednesday. The business has a 50-day simple moving average of $17.48 and a two-hundred day simple moving average of $19.49. American Eagle Outfitters has a 12-month low of $15.36 and a 12-month high of $26.44. The stock has a market cap of $3.09 billion, a PE ratio of 13.77, a PEG ratio of 1.04 and a beta of 1.53.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. American Eagle Outfitters’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS. On average, equities research analysts expect that American Eagle Outfitters will post 1.68 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Friday, January 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is 42.74%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Wedge Capital Management L L P NC grew its position in shares of American Eagle Outfitters by 14.4% in the 4th quarter. Wedge Capital Management L L P NC now owns 135,392 shares of the apparel retailer’s stock worth $2,257,000 after buying an additional 17,042 shares during the last quarter. Hennessy Advisors Inc. boosted its holdings in American Eagle Outfitters by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 385,800 shares of the apparel retailer’s stock valued at $6,431,000 after acquiring an additional 24,600 shares in the last quarter. Legacy Wealth Asset Management LLC purchased a new position in American Eagle Outfitters during the 4th quarter valued at $185,000. Hennion & Walsh Asset Management Inc. increased its position in American Eagle Outfitters by 9.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 39,534 shares of the apparel retailer’s stock valued at $659,000 after purchasing an additional 3,267 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in shares of American Eagle Outfitters in the 4th quarter worth about $195,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.