American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report)'s stock price traded down 2% during trading on Friday after Bank of America lowered their price target on the stock from $18.00 to $13.00. Bank of America currently has a neutral rating on the stock. American Eagle Outfitters traded as low as $10.79 and last traded at $10.77. 1,721,860 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 4,628,719 shares. The stock had previously closed at $10.98.
Several other research analysts have also recently issued reports on the stock. Morgan Stanley cut their price target on shares of American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Telsey Advisory Group dropped their target price on shares of American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. dropped their target price on shares of American Eagle Outfitters from $19.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. UBS Group dropped their target price on shares of American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Finally, Raymond James initiated coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They issued a "market perform" rating for the company. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, American Eagle Outfitters presently has a consensus rating of "Hold" and an average price target of $16.00.
Read Our Latest Analysis on AEO
Insider Activity
In related news, Director Cary D. Mcmillan sold 2,999 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 7.30% of the company's stock.
Institutional Trading of American Eagle Outfitters
A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of American Eagle Outfitters by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,223,953 shares of the apparel retailer's stock valued at $170,431,000 after purchasing an additional 413,193 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of American Eagle Outfitters by 1.9% in the 4th quarter. Wellington Management Group LLP now owns 9,933,628 shares of the apparel retailer's stock valued at $165,594,000 after acquiring an additional 184,067 shares during the period. American Century Companies Inc. raised its stake in shares of American Eagle Outfitters by 9.4% in the 4th quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer's stock valued at $91,774,000 after acquiring an additional 472,683 shares during the period. Principal Financial Group Inc. raised its stake in shares of American Eagle Outfitters by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer's stock valued at $65,341,000 after acquiring an additional 226,821 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of American Eagle Outfitters by 15.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer's stock valued at $47,976,000 after acquiring an additional 381,047 shares during the period. Institutional investors and hedge funds own 97.33% of the company's stock.
American Eagle Outfitters Trading Up 0.7 %
The stock's 50 day moving average price is $14.57 and its 200 day moving average price is $17.46. The firm has a market cap of $2.33 billion, a PE ratio of 10.35, a P/E/G ratio of 0.82 and a beta of 1.57.
American Eagle Outfitters Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.13%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters's dividend payout ratio is currently 29.76%.
About American Eagle Outfitters
(
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.
See Also
Before you consider American Eagle Outfitters, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Eagle Outfitters wasn't on the list.
While American Eagle Outfitters currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for April 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
