American Eagle Outfitters (NYSE:AEO) Price Target Cut to $18.00 by Analysts at Bank of America

American Eagle Outfitters (NYSE:AEO - Free Report) had its target price trimmed by Bank of America from $21.00 to $18.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the apparel retailer's stock.

AEO has been the subject of several other reports. UBS Group reduced their price objective on American Eagle Outfitters from $34.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, December 5th. Barclays cut their price target on American Eagle Outfitters from $26.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, December 6th. StockNews.com lowered American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Tuesday. Raymond James initiated coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They set a "market perform" rating on the stock. Finally, JPMorgan Chase & Co. reduced their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, American Eagle Outfitters currently has a consensus rating of "Hold" and a consensus target price of $21.60.

American Eagle Outfitters Stock Up 1.3 %

AEO stock traded up $0.21 during midday trading on Wednesday, hitting $16.13. The company's stock had a trading volume of 4,305,941 shares, compared to its average volume of 4,630,416. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 1.12 and a beta of 1.53. American Eagle Outfitters has a 1 year low of $15.36 and a 1 year high of $26.44. The stock's 50-day moving average price is $17.54 and its 200 day moving average price is $19.52.

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

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.10%. American Eagle Outfitters's dividend payout ratio (DPR) is presently 42.74%.

Hedge Funds Weigh In On American Eagle Outfitters

Institutional investors have recently added to or reduced their stakes in the business. Zacks Investment Management purchased a new position in shares of American Eagle Outfitters during the third quarter worth about $931,000. Intech Investment Management LLC bought a new stake in American Eagle Outfitters during the third quarter valued at approximately $3,731,000. NFJ Investment Group LLC purchased a new position in American Eagle Outfitters in the 3rd quarter worth approximately $2,680,000. Renaissance Technologies LLC bought a new position in shares of American Eagle Outfitters in the 2nd quarter worth $16,861,000. Finally, Dupree Financial Group LLC purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter valued at $3,146,000. 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.