American Eagle Outfitters (NYSE:AEO) Price Target Cut to $20.00 by Analysts at BMO Capital Markets

American Eagle Outfitters (NYSE:AEO - Free Report) had its price target cut by BMO Capital Markets from $22.00 to $20.00 in a report published on Thursday,Benzinga reports. They currently have a market perform rating on the apparel retailer's stock.

Other equities research analysts have also recently issued research reports about the company. Barclays reduced their price objective on American Eagle Outfitters from $32.00 to $26.00 and set an "overweight" rating for the company in a research note on Friday, August 30th. UBS Group reduced their price target on shares of American Eagle Outfitters from $34.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday. StockNews.com downgraded shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. Telsey Advisory Group reduced their target price 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. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $23.00 target price (down previously from $27.00) on shares of American Eagle Outfitters in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $22.80.

American Eagle Outfitters Stock Performance

NYSE AEO traded down $2.93 during trading on Thursday, reaching $17.62. 21,865,599 shares of the company's stock were exchanged, compared to its average volume of 4,633,086. The company has a 50 day moving average price of $19.77 and a two-hundred day moving average price of $20.50. The stock has a market cap of $3.38 billion, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 0.99 and a beta of 1.51. American Eagle Outfitters has a 1 year low of $16.88 and a 1 year high of $26.44.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.30 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The firm's revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. Research analysts forecast that American Eagle Outfitters will post 1.77 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Friday, October 11th. American Eagle Outfitters's payout ratio is 42.74%.

Insider Transactions at American Eagle Outfitters

In related news, insider Jennifer M. Foyle sold 30,000 shares of the business's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total transaction of $653,700.00. Following the sale, the insider now owns 200,427 shares of the company's stock, valued at approximately $4,367,304.33. The trade was a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jay L. Schottenstein sold 999,999 shares of the company's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the transaction, the chief executive officer now owns 1,771,851 shares in the company, valued at $35,507,894.04. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,050,702 shares of company stock valued at $21,148,718. Corporate insiders own 7.30% of the company's stock.

Institutional Investors Weigh In On American Eagle Outfitters

A number of institutional investors and hedge funds have recently modified their holdings of AEO. Kathleen S. Wright Associates Inc. purchased a new stake in shares of American Eagle Outfitters in the 3rd quarter worth about $32,000. Advisors Asset Management Inc. grew its position in shares of American Eagle Outfitters by 171.1% in the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer's stock valued at $57,000 after purchasing an additional 1,608 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of American Eagle Outfitters during the 2nd quarter worth approximately $78,000. nVerses Capital LLC acquired a new position in shares of American Eagle Outfitters during the 2nd quarter worth approximately $108,000. Finally, Picton Mahoney Asset Management acquired a new position in shares of American Eagle Outfitters during the 2nd quarter worth approximately $140,000. Institutional investors and hedge funds own 97.33% of the company's stock.

About American Eagle Outfitters

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.