American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $12.65, but opened at $11.26. American Eagle Outfitters shares last traded at $10.58, with a volume of 1,925,857 shares.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on AEO. Citigroup set a $13.00 target price on American Eagle Outfitters and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Barclays downgraded shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $17.00 to $10.00 in a research note on Tuesday, March 11th. Bank of America decreased their price target on shares of American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Raymond James initiated coverage on American Eagle Outfitters in a research report on Friday, December 13th. They set a "market perform" rating on the stock. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $15.00 price objective (down from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday, March 11th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, American Eagle Outfitters has an average rating of "Hold" and an average price target of $16.00.
View Our Latest Report on American Eagle Outfitters
American Eagle Outfitters Price Performance
The stock has a 50 day simple moving average of $13.25 and a two-hundred day simple moving average of $16.70. The company has a market cap of $1.67 billion, a PE ratio of 8.27, a PEG ratio of 0.82 and a beta of 1.40.
American Eagle Outfitters Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a yield of 5.16%. American Eagle Outfitters's payout ratio is currently 29.76%.
Insider Activity
In related news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 7.30% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. Millennium Management LLC grew its holdings in American Eagle Outfitters by 1,510.1% in the fourth quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer's stock valued at $41,826,000 after purchasing an additional 2,353,225 shares during the last quarter. Norges Bank purchased a new position in American Eagle Outfitters during the 4th quarter valued at about $35,267,000. Schonfeld Strategic Advisors LLC raised its position in American Eagle Outfitters by 2,408.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,244,008 shares of the apparel retailer's stock worth $20,738,000 after acquiring an additional 1,194,408 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of American Eagle Outfitters in the fourth quarter valued at about $17,558,000. Finally, Cubist Systematic Strategies LLC increased its stake in shares of American Eagle Outfitters by 868,408.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 868,508 shares of the apparel retailer's stock worth $14,478,000 after purchasing an additional 868,408 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company's stock.
American Eagle Outfitters Company Profile
(
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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