American Eagle Outfitters, Inc. (NYSE:AEO – Get Rating)’s share price was down 7.1% on Friday after Citigroup lowered their price target on the stock from $17.00 to $14.00. The company traded as low as $12.42 and last traded at $12.44. Approximately 2,183,617 shares changed hands during trading, a decline of 41% from the average daily volume of 3,716,765 shares. The stock had previously closed at $13.39.
A number of other brokerages also recently commented on AEO. UBS Group dropped their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, March 29th. JPMorgan Chase & Co. raised their price target on American Eagle Outfitters from $14.00 to $15.00 in a research note on Monday, May 8th. Barclays decreased their price target on American Eagle Outfitters from $16.00 to $13.00 in a report on Tuesday, May 2nd. StockNews.com initiated coverage on American Eagle Outfitters in a report on Thursday. They issued a “hold” rating on the stock. Finally, Jefferies Financial Group decreased their target price on American Eagle Outfitters from $16.00 to $14.00 in a research note on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.08.
Insider Transactions at American Eagle Outfitters
In related news, EVP Michael R. Rempell sold 12,510 shares of the company’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $13.13, for a total value of $164,256.30. Following the completion of the sale, the executive vice president now owns 172,003 shares in the company, valued at approximately $2,258,399.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Michael R. Rempell sold 5,761 shares of the company’s stock in a transaction that occurred on Friday, March 31st. The stock was sold at an average price of $13.33, for a total transaction of $76,794.13. Following the completion of the sale, the executive vice president now owns 172,003 shares in the company, valued at $2,292,799.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael R. Rempell sold 12,510 shares of the company’s stock in a transaction on Monday, March 27th. The stock was sold at an average price of $13.13, for a total transaction of $164,256.30. Following the transaction, the executive vice president now owns 172,003 shares of the company’s stock, valued at approximately $2,258,399.39. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,202 shares of company stock worth $599,822. Insiders own 8.30% of the company’s stock.
Institutional Investors Weigh In On American Eagle Outfitters
A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates lifted its position in shares of American Eagle Outfitters by 14.4% during the 1st quarter. Raymond James & Associates now owns 97,811 shares of the apparel retailer’s stock valued at $1,643,000 after acquiring an additional 12,318 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in American Eagle Outfitters by 6.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 19,670 shares of the apparel retailer’s stock worth $330,000 after buying an additional 1,241 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in American Eagle Outfitters by 70.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,172 shares of the apparel retailer’s stock valued at $339,000 after purchasing an additional 8,343 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of American Eagle Outfitters by 11.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 20,501 shares of the apparel retailer’s stock valued at $344,000 after buying an additional 2,129 shares during the period. Finally, AlphaCrest Capital Management LLC acquired a new stake in American Eagle Outfitters during the first quarter worth about $432,000. Hedge funds and other institutional investors own 93.34% of the company’s stock.
American Eagle Outfitters Stock Performance
The stock’s 50-day moving average is $13.25 and its 200-day moving average is $14.15. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 0.92 and a beta of 1.52. The company has a current ratio of 1.43, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01.
American Eagle Outfitters (NYSE:AEO – Get Rating) last posted its earnings results on Wednesday, March 1st. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.07. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.47 billion. American Eagle Outfitters had a return on equity of 13.27% and a net margin of 2.51%. During the same quarter last year, the firm earned $0.35 earnings per share. On average, analysts expect that American Eagle Outfitters, Inc. will post 1.12 EPS for the current year.
American Eagle Outfitters Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Thursday, April 6th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Wednesday, April 5th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 64.52%.
About American Eagle Outfitters
American Eagle Outfitters, Inc is a multi-brand specialty retailer, which offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.