American Eagle Outfitters (NYSE:AEO) Sets New 1-Year Low - What's Next?

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $11.41 and last traded at $11.51, with a volume of 1753381 shares traded. The stock had previously closed at $12.10.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AEO. UBS Group cut their target price on shares of American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday. Barclays lowered shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $17.00 to $10.00 in a report on Tuesday. Raymond James assumed coverage on shares of American Eagle Outfitters in a research report on Friday, December 13th. They set a "market perform" rating on the stock. Bank of America cut their target price on shares of American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. cut their price objective on shares of American Eagle Outfitters from $19.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, American Eagle Outfitters presently has an average rating of "Hold" and a consensus price target of $16.00.

American Eagle Outfitters Price Performance

The business's 50-day moving average price is $14.76 and its 200-day moving average price is $17.65. The firm has a market capitalization of $2.12 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57.

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American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters's dividend payout ratio is presently 29.76%.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 2,999 shares of the business's stock in a transaction that occurred on 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 currently owned by company insiders.

Hedge Funds Weigh In On American Eagle Outfitters

Institutional investors have recently made changes to their positions in the business. State of New Jersey Common Pension Fund D lifted its stake in American Eagle Outfitters by 3.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 88,237 shares of the apparel retailer's stock valued at $1,976,000 after buying an additional 3,264 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in American Eagle Outfitters in the third quarter worth about $1,827,000. Natixis Advisors LLC raised its position in American Eagle Outfitters by 514.1% in the third quarter. Natixis Advisors LLC now owns 293,937 shares of the apparel retailer's stock worth $6,581,000 after acquiring an additional 246,070 shares in the last quarter. Quest Partners LLC increased its stake in American Eagle Outfitters by 40.3% in the 3rd quarter. Quest Partners LLC now owns 15,273 shares of the apparel retailer's stock worth $342,000 after purchasing an additional 4,384 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in American Eagle Outfitters in the 3rd quarter worth about $141,000. 97.33% of the stock is owned by institutional investors and hedge funds.

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.