American Eagle Outfitters’ (NYSE:AEO) “Buy” Rating Reaffirmed at SunTrust Banks

SunTrust Banks reiterated their buy rating on shares of American Eagle Outfitters (NYSE:AEO) in a research note published on Thursday, December 7th. They currently have a $19.00 price objective on the apparel retailer’s stock. SunTrust Banks also issued estimates for American Eagle Outfitters’ Q4 2018 earnings at $0.44 EPS and FY2019 earnings at $1.28 EPS.

Other equities research analysts have also issued reports about the stock. FBR & Co reiterated a buy rating and issued a $15.00 price target (up from $13.00) on shares of American Eagle Outfitters in a research note on Tuesday, September 5th. B. Riley reiterated a buy rating on shares of American Eagle Outfitters in a research note on Wednesday, November 1st. Cowen set a $14.00 price target on shares of American Eagle Outfitters and gave the company a buy rating in a research note on Wednesday, August 23rd. Buckingham Research reiterated a neutral rating on shares of American Eagle Outfitters in a research note on Thursday, August 24th. Finally, Oppenheimer set a $13.00 price target on shares of American Eagle Outfitters and gave the company a hold rating in a research note on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $15.48.

American Eagle Outfitters (AEO) traded up $0.37 on Thursday, reaching $19.17. 4,614,131 shares of the company traded hands, compared to its average volume of 3,207,700. The company has a market cap of $3,333.39, a PE ratio of 20.84, a P/E/G ratio of 2.17 and a beta of 1.18. American Eagle Outfitters has a 1-year low of $10.23 and a 1-year high of $19.48.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). American Eagle Outfitters had a net margin of 4.50% and a return on equity of 17.42%. The business had revenue of $960.00 million during the quarter, compared to analyst estimates of $960.86 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. research analysts expect that American Eagle Outfitters will post 1.16 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Thursday, December 14th. American Eagle Outfitters’s payout ratio is 54.35%.

Hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of American Eagle Outfitters by 9.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock worth $103,000 after buying an additional 729 shares during the period. Sterling Capital Management LLC bought a new stake in shares of American Eagle Outfitters during the 2nd quarter worth about $128,000. CIBC World Markets Inc. boosted its holdings in shares of American Eagle Outfitters by 0.6% during the 2nd quarter. CIBC World Markets Inc. now owns 11,035 shares of the apparel retailer’s stock worth $133,000 after buying an additional 63 shares during the period. Riverhead Capital Management LLC boosted its holdings in shares of American Eagle Outfitters by 91.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 11,082 shares of the apparel retailer’s stock worth $134,000 after buying an additional 5,282 shares during the period. Finally, Shelton Capital Management bought a new stake in shares of American Eagle Outfitters during the 2nd quarter worth about $154,000. 83.20% of the stock is owned by institutional investors and hedge funds.

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About American Eagle Outfitters

American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

Analyst Recommendations for American Eagle Outfitters (NYSE:AEO)

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