American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report)'s share price traded up 2.8% during mid-day trading on Tuesday . The company traded as high as $12.04 and last traded at $11.95. 945,791 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 4,855,415 shares. The stock had previously closed at $11.62.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on AEO. Citigroup set a $13.00 price objective on shares of American Eagle Outfitters and gave the company a "neutral" rating in a research report on Tuesday, March 11th. UBS Group dropped their price objective on shares of American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Bank of America decreased their price objective on American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Morgan Stanley cut their price target on American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. 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 report on Tuesday, March 11th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $16.00.
Read Our Latest Stock Report on AEO
American Eagle Outfitters Price Performance
The stock's 50-day moving average price is $13.38 and its 200 day moving average price is $16.79. The firm has a market cap of $1.88 billion, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 0.82 and a beta of 1.40.
American Eagle Outfitters Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters's dividend payout ratio is currently 29.76%.
Insider Activity at American Eagle Outfitters
In other news, Director Cary D. Mcmillan sold 2,999 shares of the firm's 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 available through this hyperlink. 7.30% of the stock is owned by company insiders.
Institutional Investors Weigh In On American Eagle Outfitters
Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in shares of American Eagle Outfitters by 95.7% in the fourth 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 last quarter. Huntington National Bank grew its stake in American Eagle Outfitters by 258.8% in the 4th 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 last quarter. Principal Securities Inc. raised its holdings in American Eagle Outfitters by 2,239.1% in the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock valued at $43,000 after acquiring an additional 2,463 shares during the period. Park Place Capital Corp acquired a new stake in American Eagle Outfitters during the fourth quarter worth approximately $45,000. Finally, State of Wyoming bought a new stake in shares of American Eagle Outfitters during the fourth quarter worth approximately $49,000. Institutional investors own 97.33% of the company's stock.
American Eagle Outfitters Company Profile
(
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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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