Cowen Analysts Give American Eagle Outfitters (AEO) a $20.00 Price Target

Cowen set a $20.00 target price on American Eagle Outfitters (NYSE:AEO) in a report published on Thursday. The firm currently has a buy rating on the apparel retailer’s stock.

Several other equities analysts have also weighed in on AEO. B. Riley reiterated a buy rating on shares of American Eagle Outfitters in a report on Wednesday, November 1st. SunTrust Banks reiterated a buy rating and issued a $21.00 target price on shares of American Eagle Outfitters in a report on Tuesday, January 9th. Buckingham Research upgraded shares of American Eagle Outfitters from a neutral rating to a buy rating and set a $22.00 target price on the stock in a report on Thursday, January 11th. Telsey Advisory Group boosted their target price on shares of American Eagle Outfitters from $19.00 to $22.00 and gave the company an outperform rating in a report on Tuesday, January 2nd. Finally, BMO Capital Markets set a $21.00 target price on shares of American Eagle Outfitters and gave the company a buy rating in a report on Tuesday, December 19th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. American Eagle Outfitters presently has an average rating of Hold and an average price target of $15.79.

American Eagle Outfitters (AEO) opened at $18.42 on Thursday. The firm has a market cap of $3,266.01, a PE ratio of 20.02, a P/E/G ratio of 2.87 and a beta of 1.18. American Eagle Outfitters has a 52-week low of $10.23 and a 52-week high of $19.48.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.125 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.50 annualized dividend and a dividend yield of 2.71%. American Eagle Outfitters’s dividend payout ratio is currently 54.35%.

Several hedge funds have recently modified their holdings of AEO. Dimensional Fund Advisors LP lifted its holdings in shares of American Eagle Outfitters by 30.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,220,656 shares of the apparel retailer’s stock worth $87,008,000 after acquiring an additional 1,687,520 shares during the last quarter. Senvest Management LLC acquired a new position in shares of American Eagle Outfitters in the 3rd quarter worth approximately $22,737,000. Ameriprise Financial Inc. lifted its holdings in shares of American Eagle Outfitters by 205.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,280,569 shares of the apparel retailer’s stock worth $32,611,000 after acquiring an additional 1,534,344 shares during the last quarter. Majedie Asset Management Ltd acquired a new position in shares of American Eagle Outfitters in the 3rd quarter worth approximately $18,202,000. Finally, Hamlin Capital Management LLC lifted its holdings in shares of American Eagle Outfitters by 16.4% in the 3rd quarter. Hamlin Capital Management LLC now owns 6,677,523 shares of the apparel retailer’s stock worth $95,489,000 after acquiring an additional 940,045 shares during the last quarter. Hedge funds and other institutional investors own 83.24% of the company’s stock.

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American Eagle Outfitters Company Profile

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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