American Eagle Outfitters, Inc. (NYSE:AEO – Get Free Report)’s share price fell 2.5% during trading on Friday after UBS Group lowered their price target on the stock from $35.00 to $34.00. UBS Group currently has a buy rating on the stock. American Eagle Outfitters traded as low as $20.20 and last traded at $20.27. 313,283 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 4,618,288 shares. The stock had previously closed at $20.78.
Several other research analysts also recently weighed in on the stock. Barclays decreased their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday. StockNews.com upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Monday, May 27th. TD Cowen dropped their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a report on Friday. Morgan Stanley decreased their price objective on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Thursday, May 30th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $25.00 price target on shares of American Eagle Outfitters in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $25.33.
Insider Buying and Selling at American Eagle Outfitters
In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $20.93, for a total transaction of $53,936.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.30% of the company’s stock.
Institutional Trading of American Eagle Outfitters
Several hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its position in shares of American Eagle Outfitters by 299.7% in the fourth quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock valued at $26,000 after acquiring an additional 905 shares during the period. UMB Bank n.a. acquired a new position in shares of American Eagle Outfitters during the first quarter valued at about $27,000. Hexagon Capital Partners LLC lifted its stake in shares of American Eagle Outfitters by 6,980.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,416 shares of the apparel retailer’s stock valued at $30,000 after buying an additional 1,396 shares during the period. Nomura Asset Management Co. Ltd. grew its position in American Eagle Outfitters by 40.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock worth $44,000 after buying an additional 600 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in American Eagle Outfitters during the first quarter valued at about $59,000. Institutional investors own 97.33% of the company’s stock.
American Eagle Outfitters Trading Down 1.0 %
The firm has a fifty day simple moving average of $20.82 and a 200 day simple moving average of $22.41. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 1.01 and a beta of 1.51.
American Eagle Outfitters (NYSE:AEO – Get Free Report) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 19.39% and a net margin of 4.12%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the company posted $0.25 earnings per share. American Eagle Outfitters’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts expect that American Eagle Outfitters, Inc. will post 1.75 earnings per share for the current year.
American Eagle Outfitters Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, July 12th. This represents a $0.50 annualized dividend and a dividend yield of 2.43%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 45.05%.
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.