American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) has received an average rating of "Hold" from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $16.00.
Several research firms recently commented on AEO. Telsey Advisory Group dropped their price objective on American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating on the stock in a research note on Thursday, March 13th. BMO Capital Markets reaffirmed a "market perform" rating and set a $15.00 price target (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday, March 11th. UBS Group decreased their price objective on American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, March 13th. StockNews.com downgraded shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Finally, Bank of America cut their target price on shares of American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating for the company in a research report on Friday, March 14th.
Check Out Our Latest Analysis on AEO
Insider Buying and Selling at American Eagle Outfitters
In related news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 7.30% of the company's stock.
Hedge Funds Weigh In On American Eagle Outfitters
A number of institutional investors have recently added to or reduced their stakes in AEO. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of American Eagle Outfitters during the fourth quarter worth about $4,891,000. Brucke Financial Inc. bought a new stake in American Eagle Outfitters during the fourth quarter valued at approximately $256,000. ABLE Financial Group LLC grew its stake in American Eagle Outfitters by 7.0% in the 4th quarter. ABLE Financial Group LLC now owns 24,221 shares of the apparel retailer's stock worth $404,000 after buying an additional 1,587 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of American Eagle Outfitters by 46.8% in the 4th quarter. Mackenzie Financial Corp now owns 16,703 shares of the apparel retailer's stock worth $278,000 after buying an additional 5,323 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. purchased a new stake in shares of American Eagle Outfitters during the 4th quarter valued at $175,000. 97.33% of the stock is currently owned by institutional investors.
American Eagle Outfitters Trading Up 1.7 %
Shares of NYSE:AEO traded up $0.21 during midday trading on Friday, reaching $12.42. The company had a trading volume of 2,187,384 shares, compared to its average volume of 5,407,855. The stock has a market cap of $2.14 billion, a P/E ratio of 10.62, a P/E/G ratio of 0.82 and a beta of 1.57. The company's 50 day moving average price is $13.74 and its 200 day moving average price is $16.94. American Eagle Outfitters has a 52-week low of $10.74 and a 52-week high of $25.95.
American Eagle Outfitters Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters's dividend payout ratio (DPR) is presently 29.76%.
About American Eagle Outfitters
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Get Free ReportAmerican 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.
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