American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 14,230,000 shares, a decrease of 13.2% from the February 28th total of 16,400,000 shares. Based on an average daily trading volume, of 5,240,000 shares, the short-interest ratio is currently 2.7 days. Currently, 8.0% of the shares of the company are sold short.
Insider Activity at American Eagle Outfitters
In related news, Director Cary D. Mcmillan sold 2,999 shares of the firm's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.30% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. increased its position in American Eagle Outfitters by 95.7% during the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock worth $32,000 after purchasing an additional 937 shares during the last quarter. Huntington National Bank raised its position in American Eagle Outfitters by 258.8% in the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock valued at $34,000 after purchasing an additional 1,475 shares during the period. Principal Securities Inc. lifted its stake in shares of American Eagle Outfitters by 2,239.1% in the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock valued at $43,000 after purchasing an additional 2,463 shares during the last quarter. Park Place Capital Corp purchased a new position in shares of American Eagle Outfitters during the 4th quarter worth $45,000. Finally, State of Wyoming purchased a new stake in American Eagle Outfitters in the 4th quarter valued at about $49,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Morgan Stanley cut their target price on shares of American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Barclays lowered shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $17.00 to $10.00 in a research note on Tuesday, March 11th. Raymond James started coverage on American Eagle Outfitters in a research note on Friday, December 13th. They issued a "market perform" rating for the company. JPMorgan Chase & Co. reduced their price target on American Eagle Outfitters from $19.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Finally, StockNews.com lowered American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $16.00.
View Our Latest Analysis on AEO
American Eagle Outfitters Stock Up 4.6 %
Shares of American Eagle Outfitters stock traded up $0.49 during trading hours on Friday, reaching $10.93. 15,444,484 shares of the company's stock were exchanged, compared to its average volume of 5,000,521. The business has a fifty day moving average of $13.38 and a two-hundred day moving average of $16.79. The company has a market capitalization of $1.88 billion, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 0.82 and a beta of 1.40. American Eagle Outfitters has a 1 year low of $9.80 and a 1 year high of $25.50.
American Eagle Outfitters Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters's dividend payout ratio (DPR) is 29.76%.
About American Eagle Outfitters
(
Get Free Report)
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.
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