American Eagle Outfitters (NYSE:AEO) Shares Gap Down to $15.05

American Eagle Outfitters (NYSE:AEO)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $14.39, but opened at $15.05. American Eagle Outfitters shares last traded at $14.65, with a volume of 155,217 shares changing hands.

Several analysts have weighed in on the company. Wedbush cut their target price on American Eagle Outfitters from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, June 6th. Zacks Investment Research raised American Eagle Outfitters from a “sell” rating to a “hold” rating and set a $22.00 target price on the stock in a research note on Monday, May 27th. Royal Bank of Canada downgraded American Eagle Outfitters from an “outperform” rating to a “sector perform” rating and set a $24.00 target price on the stock. in a research note on Thursday, May 9th. They noted that the move was a valuation call. UBS Group set a $26.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research note on Friday, June 21st. Finally, ValuEngine downgraded American Eagle Outfitters from a “hold” rating to a “sell” rating in a research note on Tuesday, June 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.73.

The firm has a 50 day simple moving average of $16.94 and a two-hundred day simple moving average of $19.60. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.76 and a current ratio of 1.46. The stock has a market cap of $2.68 billion, a P/E ratio of 9.99, a P/E/G ratio of 1.48 and a beta of 0.96.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, June 5th. The apparel retailer reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.03. American Eagle Outfitters had a return on equity of 20.80% and a net margin of 6.41%. The company had revenue of $886.29 million for the quarter, compared to the consensus estimate of $855.55 million. During the same quarter in the previous year, the business earned $0.23 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts predict that American Eagle Outfitters will post 1.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were paid a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Thursday, July 11th. American Eagle Outfitters’s dividend payout ratio is presently 37.16%.

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in American Eagle Outfitters by 2.9% during the 2nd quarter. BlackRock Inc. now owns 20,340,847 shares of the apparel retailer’s stock worth $343,758,000 after buying an additional 567,714 shares during the period. Renaissance Technologies LLC raised its stake in American Eagle Outfitters by 59.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,462,954 shares of the apparel retailer’s stock worth $75,424,000 after buying an additional 1,663,000 shares during the period. JPMorgan Chase & Co. raised its stake in American Eagle Outfitters by 6.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,299,897 shares of the apparel retailer’s stock worth $56,098,000 after buying an additional 214,176 shares during the period. FMR LLC raised its stake in American Eagle Outfitters by 80.5% during the 1st quarter. FMR LLC now owns 2,152,703 shares of the apparel retailer’s stock worth $47,726,000 after buying an additional 960,273 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in American Eagle Outfitters by 1.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,041,887 shares of the apparel retailer’s stock worth $34,508,000 after buying an additional 37,092 shares during the period. 91.19% of the stock is currently owned by institutional investors.

American Eagle Outfitters Company Profile (NYSE:AEO)

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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