American Eagle Outfitters (NYSE:AEO) Stock Price Up 3.3% - What's Next?

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report)'s stock price was up 3.3% on Friday . The company traded as high as $12.12 and last traded at $12.23. Approximately 1,634,714 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 4,687,950 shares. The stock had previously closed at $11.84.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AEO shares. Citigroup set a $13.00 price target on shares of American Eagle Outfitters and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Telsey Advisory Group reduced their target price on shares of American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating on the stock in a report on Thursday, March 13th. StockNews.com downgraded shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Bank of America reduced their price objective on American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Finally, Morgan Stanley lowered their target price on American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $16.00.

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American Eagle Outfitters Stock Performance

The stock has a market capitalization of $2.41 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The stock has a 50-day moving average price of $14.25 and a two-hundred day moving average price of $17.25.

American Eagle Outfitters Dividend Announcement

The business also recently announced 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 3.98%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters's payout ratio is 29.76%.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the company'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 transaction of $48,043.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 7.30% of the stock is owned by insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Several hedge funds have recently made changes to their positions in AEO. MetLife Investment Management LLC lifted its position in American Eagle Outfitters by 0.7% during the fourth quarter. MetLife Investment Management LLC now owns 105,949 shares of the apparel retailer's stock valued at $1,766,000 after buying an additional 724 shares during the period. Gallagher Fiduciary Advisors LLC lifted its position in American Eagle Outfitters by 5.2% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 15,740 shares of the apparel retailer's stock valued at $262,000 after acquiring an additional 783 shares during the period. TCM Advisors LLC boosted its stake in American Eagle Outfitters by 2.1% during the fourth quarter. TCM Advisors LLC now owns 39,400 shares of the apparel retailer's stock worth $657,000 after acquiring an additional 800 shares in the last quarter. Blue Trust Inc. grew its holdings in American Eagle Outfitters by 95.7% in the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock worth $32,000 after purchasing an additional 937 shares during the period. Finally, Xponance Inc. increased its stake in shares of American Eagle Outfitters by 9.1% during the fourth quarter. Xponance Inc. now owns 13,036 shares of the apparel retailer's stock valued at $217,000 after purchasing an additional 1,082 shares in the last quarter. 97.33% of the stock is currently 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.