American Eagle Outfitters (NYSE:AEO) Shares Down 0.4% - Here's Why

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report)'s share price traded down 0.4% during trading on Tuesday . The company traded as low as $16.70 and last traded at $17.03. 1,465,298 shares were traded during trading, a decline of 69% from the average session volume of 4,678,415 shares. The stock had previously closed at $17.09.

Analysts Set New Price Targets

AEO has been the topic of several research analyst reports. BMO Capital Markets decreased their target price on shares of American Eagle Outfitters from $22.00 to $20.00 and set a "market perform" rating on the stock in a research report on Thursday, December 5th. TD Cowen decreased their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a "hold" rating on the stock in a report on Friday, August 30th. Raymond James began coverage on shares of American Eagle Outfitters in a report on Friday. They issued a "market perform" rating for the company. UBS Group reduced their price target on shares of American Eagle Outfitters from $34.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, December 5th. Finally, Bank of America lowered their price target on American Eagle Outfitters from $25.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, American Eagle Outfitters currently has a consensus rating of "Hold" and an average price target of $22.40.

American Eagle Outfitters Trading Up 0.6 %

The firm has a market cap of $3.30 billion, a PE ratio of 14.70, a P/E/G ratio of 1.12 and a beta of 1.51. The stock's 50 day moving average price is $19.01 and its 200 day moving average price is $20.12.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The company's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. Analysts forecast that American Eagle Outfitters, Inc. will post 1.69 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Friday, January 10th. American Eagle Outfitters's payout ratio is 42.74%.

Insider Buying and Selling at American Eagle Outfitters

In other news, insider Jennifer M. Foyle sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total value of $653,700.00. Following the completion of the sale, the insider now directly owns 200,427 shares in the company, valued at approximately $4,367,304.33. The trade was a 13.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cary D. Mcmillan sold 2,283 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The disclosure for this sale can be found here. Insiders sold a total of 1,050,702 shares of company stock worth $21,148,718 in the last 90 days. 7.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Eagle Outfitters

A number of hedge funds and other institutional investors have recently bought and sold shares of AEO. Franklin Resources Inc. lifted its stake in American Eagle Outfitters by 2.2% in the third quarter. Franklin Resources Inc. now owns 688,869 shares of the apparel retailer's stock valued at $14,266,000 after buying an additional 15,038 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in American Eagle Outfitters in the 3rd quarter valued at about $141,000. Barclays PLC lifted its position in American Eagle Outfitters by 51.8% in the 3rd quarter. Barclays PLC now owns 298,263 shares of the apparel retailer's stock valued at $6,679,000 after purchasing an additional 101,795 shares during the last quarter. Zacks Investment Management acquired a new position in American Eagle Outfitters during the 3rd quarter valued at about $931,000. Finally, EP Wealth Advisors LLC bought a new position in American Eagle Outfitters in the 3rd quarter worth about $390,000. 97.33% of the stock is currently 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.