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

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $10.19 and last traded at $10.44, with a volume of 17254106 shares traded. The stock had previously closed at $12.65.

Analyst Upgrades and Downgrades

AEO has been the subject of several research reports. Bank of America reduced 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 note on Friday, March 14th. UBS Group cut their target price on American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Raymond James assumed coverage on American Eagle Outfitters in a research report on Friday, December 13th. They issued a "market perform" rating for the company. Telsey Advisory Group lowered their price target on shares of American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating on the stock in a report on Thursday, March 13th. Finally, Barclays downgraded shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $17.00 to $10.00 in a report on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $16.00.

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American Eagle Outfitters Stock Performance

The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 0.82 and a beta of 1.40. The business's 50-day moving average is $12.77 and its 200-day moving average is $16.47.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders 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 dividend yield of 4.44%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters's dividend payout ratio (DPR) is currently 29.76%.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters 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 Securities & Exchange Commission, which is available at this hyperlink. 7.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Millennium Management LLC increased its position in American Eagle Outfitters by 1,510.1% in the 4th quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer's stock valued at $41,826,000 after acquiring an additional 2,353,225 shares in the last quarter. Norges Bank bought a new position in American Eagle Outfitters in the 4th quarter worth approximately $35,267,000. Schonfeld Strategic Advisors LLC lifted its holdings in American Eagle Outfitters by 2,408.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,244,008 shares of the apparel retailer's stock worth $20,738,000 after buying an additional 1,194,408 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of American Eagle Outfitters in the 4th quarter valued at $17,558,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of American Eagle Outfitters by 868,408.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 868,508 shares of the apparel retailer's stock worth $14,478,000 after acquiring an additional 868,408 shares during the last quarter. 97.33% of the stock is owned by institutional investors.

About American Eagle Outfitters

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.