American Eagle Outfitters Inc. (AEO) Receives Outperform Rating from FBR & Co

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American Eagle Outfitters Inc. (NYSE:AEO)‘s stock had its “outperform” rating restated by equities research analysts at FBR & Co in a research report issued on Tuesday.
Other hedge funds and institutional investors have made changes to their positions in the company. Vident Investment Advisory LLC acquired a new position in shares of American Eagle Outfitters during the fourth quarter worth about $3,423,000. Stifel Financial Corp raised its position in shares of American Eagle Outfitters by 1.4% in the fourth quarter. Stifel Financial Corp now owns 315,897 shares of the apparel retailer’s stock worth $4,897,000 after buying an additional 4,385 shares during the last quarter. Norges Bank acquired a new position in shares of American Eagle Outfitters during the fourth quarter worth about $29,203,000. Gradient Investments LLC acquired a new position in shares of American Eagle Outfitters during the first quarter worth about $4,247,000. Finally, Acadian Asset Management LLC raised its position in shares of American Eagle Outfitters by 288.0% in the first quarter. Acadian Asset Management LLC now owns 28,652 shares of the apparel retailer’s stock worth $478,000 after buying an additional 21,268 shares during the last quarter.
A number of other analysts have also commented on the stock. Jefferies Group reaffirmed a “buy” rating on shares of American Eagle Outfitters in a report on Sunday. B. Riley reaffirmed a “buy” rating and set a $22.00 target price on shares of American Eagle Outfitters in a report on Tuesday, August 23rd. Zacks Investment Research raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Friday, August 19th. Morgan Stanley reaffirmed a “sell” rating and set a $15.00 target price on shares of American Eagle Outfitters in a report on Thursday, August 18th. Finally, Citigroup lifted their target price on shares of American Eagle Outfitters from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, August 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $19.17.

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Shares of American Eagle Outfitters (NYSE:AEO) remained flat at $18.40 during mid-day trading on Tuesday. The company’s stock had a trading volume of 3,217,275 shares. The firm has a 50 day moving average price of $18.19 and a 200-day moving average price of $16.22. The firm has a market capitalization of $3.34 billion and a P/E ratio of 14.64. American Eagle Outfitters has a 52-week low of $12.78 and a 52-week high of $19.55.
American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, August 17th. The apparel retailer reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The company earned $823 million during the quarter, compared to the consensus estimate of $818.10 million. During the same quarter last year, the firm earned $0.17 EPS. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities analysts forecast that American Eagle Outfitters will post $1.31 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.72%.
In other American Eagle Outfitters news, COO Michael R. Rempell sold 83,141 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $18.68, for a total transaction of $1,553,073.88. Following the transaction, the chief operating officer now owns 196,868 shares in the company, valued at approximately $3,677,494.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
American Eagle Outfitters, Inc (AEO Inc) is a specialty retailer, operating over 1,000 retail stores and online at ae.com and aerie.com in the United States and internationally. The Company operates in the segment of American Eagle Outfitters Brand (AEO Brand) retail stores, Aerie by American Eagle Outfitters retail stores and AEO Direct.
To view FBR & Co’s full report, visit FBR & Co’s official website.

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