American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $11.06, but opened at $11.80. American Eagle Outfitters shares last traded at $11.50, with a volume of 2,124,255 shares traded.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports 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 for the company in a research report on Friday, March 14th. 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 report on Tuesday, March 11th. Morgan Stanley decreased their price objective on American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. 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. Finally, StockNews.com downgraded shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Wednesday. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $16.00.
Get Our Latest Report on AEO
American Eagle Outfitters Stock Up 2.6 %
The firm's fifty day moving average price is $14.38 and its 200-day moving average price is $17.39. The stock has a market cap of $2.33 billion, a P/E ratio of 10.38, a PEG ratio of 0.82 and a beta of 1.57.
American Eagle Outfitters Announces Dividend
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 issued a dividend of $0.125 per share. The ex-dividend date is Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.12%. American Eagle Outfitters's dividend payout ratio is currently 29.76%.
Insider Buying and Selling
In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.30% of the stock is owned by insiders.
Hedge Funds Weigh In On American Eagle Outfitters
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. increased its position in American Eagle Outfitters by 95.7% during the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock valued at $32,000 after purchasing an additional 937 shares during the period. Huntington National Bank increased its position in shares of American Eagle Outfitters by 258.8% during the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock valued at $34,000 after buying an additional 1,475 shares during the period. Principal Securities Inc. increased its position in shares of American Eagle Outfitters by 2,239.1% during the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock valued at $43,000 after buying an additional 2,463 shares during the period. Park Place Capital Corp purchased a new stake in American Eagle Outfitters in the fourth quarter worth about $45,000. Finally, State of Wyoming bought a new stake in American Eagle Outfitters during the 4th quarter valued at approximately $49,000. Institutional investors own 97.33% of the company's stock.
About American Eagle Outfitters
(
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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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