Telsey Advisory Group Has Lowered Expectations for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO) had its price target cut by Telsey Advisory Group from $20.00 to $18.00 in a report issued on Tuesday morning, MarketBeat.com reports. They currently have a market perform rating on the apparel retailer’s stock.

Several other research analysts also recently commented on AEO. BMO Capital Markets cut their target price on 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. Raymond James assumed coverage on American Eagle Outfitters in a research note on Friday, December 13th. They issued a “market perform” rating on the stock. Jefferies Financial Group reduced their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Bank of America lowered their price target on shares of American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Finally, StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.90.

American Eagle Outfitters Price Performance

Shares of NYSE AEO opened at $15.96 on Tuesday. The company has a 50 day simple moving average of $17.61 and a 200 day simple moving average of $19.54. American Eagle Outfitters has a 1 year low of $15.36 and a 1 year high of $26.44. The firm has a market cap of $3.07 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 1.12 and a beta of 1.53.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. As a group, research analysts anticipate that American Eagle Outfitters will post 1.69 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business 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 $0.125 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.13%. American Eagle Outfitters’s dividend payout ratio is currently 42.74%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Congress Asset Management Co. bought a new stake in American Eagle Outfitters in the third quarter valued at $119,691,000. Victory Capital Management Inc. grew its stake in shares of American Eagle Outfitters by 40.6% in the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock valued at $97,858,000 after buying an additional 1,262,693 shares during the period. Renaissance Technologies LLC bought a new stake in American Eagle Outfitters in the 2nd quarter valued at about $16,861,000. Soros Capital Management LLC acquired a new position in American Eagle Outfitters during the 3rd quarter worth approximately $11,519,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in American Eagle Outfitters by 12.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,496,916 shares of the apparel retailer’s stock worth $55,906,000 after acquiring an additional 281,548 shares in the last quarter. 97.33% of the stock is owned by institutional investors.

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.