American Eagle Outfitters (NYSE:AEO) Shares Down 0.7% - Time to Sell?

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) shares were down 0.7% during mid-day trading on Wednesday . The company traded as low as $16.97 and last traded at $17.08. Approximately 448,455 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 4,682,713 shares. The stock had previously closed at $17.20.

Analyst Upgrades and Downgrades

AEO has been the topic of several recent analyst reports. UBS Group dropped their price target on American Eagle Outfitters from $34.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday, December 5th. Bank of America cut their target price on shares of American Eagle Outfitters from $25.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, December 5th. Telsey Advisory Group reduced their price target on shares of American Eagle Outfitters from $23.00 to $20.00 and set a "market perform" rating for the company in a report on Thursday, December 5th. StockNews.com downgraded shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Finally, TD Cowen reduced their target price on shares of American Eagle Outfitters from $25.00 to $23.00 and set a "hold" rating for the company in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, American Eagle Outfitters presently has an average rating of "Hold" and an average target price of $22.40.

American Eagle Outfitters Stock Down 4.7 %

The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 1.12 and a beta of 1.51. The business has a fifty day simple moving average of $18.93 and a two-hundred day simple moving average of $20.09.

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

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, January 10th. This represents a $0.50 annualized dividend and a yield of 3.05%. American Eagle Outfitters's dividend payout ratio is 42.74%.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the business's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the transaction, the chief executive officer now owns 1,771,851 shares of the company's stock, valued at approximately $35,507,894.04. The trade was a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cary D. Mcmillan sold 2,283 shares of the firm's stock in a transaction 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. Over the last 90 days, insiders sold 1,050,702 shares of company stock valued at $21,148,718. Corporate insiders own 7.30% of the company's stock.

Hedge Funds Weigh In On American Eagle Outfitters

A number of institutional investors have recently modified their holdings of the stock. Kathleen S. Wright Associates Inc. acquired a new stake in shares of American Eagle Outfitters in the third quarter valued at approximately $32,000. Advisors Asset Management Inc. increased its stake in shares of American Eagle Outfitters by 171.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer's stock valued at $57,000 after buying an additional 1,608 shares during the period. Innealta Capital LLC bought a new stake in shares of American Eagle Outfitters during the second quarter worth $78,000. nVerses Capital LLC acquired a new position in shares of American Eagle Outfitters during the second quarter valued at $108,000. Finally, Picton Mahoney Asset Management bought a new position in American Eagle Outfitters in the second quarter valued at about $140,000. 97.33% of the stock is owned by institutional investors.

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.