American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) shares reached a new 52-week low on Friday . The company traded as low as $14.07 and last traded at $14.10, with a volume of 520523 shares changing hands. The stock had previously closed at $14.39.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Morgan Stanley downgraded shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $19.00 to $17.00 in a research report on Wednesday, February 5th. StockNews.com lowered American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Raymond James initiated coverage on American Eagle Outfitters in a report on Friday, December 13th. They set a "market perform" rating on the stock. Barclays restated an "equal weight" rating and issued a $17.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Wednesday, February 5th. Finally, BMO Capital Markets lowered their target price on American Eagle Outfitters from $22.00 to $20.00 and set a "market perform" rating on the stock in a research note on Thursday, December 5th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of "Hold" and a consensus target price of $21.00.
Get Our Latest Stock Analysis on American Eagle Outfitters
American Eagle Outfitters Stock Performance
The business's 50 day moving average is $16.01 and its two-hundred day moving average is $18.50. The firm has a market capitalization of $2.56 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 0.82 and a beta of 1.53.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The firm's quarterly revenue was down .9% compared to the same quarter last year. As a group, equities research analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.
American Eagle Outfitters Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Friday, January 10th. American Eagle Outfitters's dividend payout ratio (DPR) is presently 42.74%.
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. Creative Planning raised its stake in American Eagle Outfitters by 15.3% in the third quarter. Creative Planning now owns 24,222 shares of the apparel retailer's stock valued at $542,000 after purchasing an additional 3,209 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of American Eagle Outfitters in the 3rd quarter worth $226,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of American Eagle Outfitters by 8.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 36,267 shares of the apparel retailer's stock worth $812,000 after buying an additional 2,855 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter valued at $199,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of American Eagle Outfitters during the 3rd quarter worth $233,000. 97.33% of the stock is currently owned by institutional investors.
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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