American Eagle Outfitters (NYSE:AEO) Stock Price Down 0.7% – What’s Next?

American Eagle Outfitters, Inc. (NYSE:AEO)’s share price was down 0.7% during trading on Wednesday . The stock traded as low as $17.56 and last traded at $17.58. Approximately 772,120 shares were traded during trading, a decline of 83% from the average daily volume of 4,657,172 shares. The stock had previously closed at $17.70.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AEO shares. BMO Capital Markets decreased their target price on American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, December 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $23.00 price objective (down from $27.00) on shares of American Eagle Outfitters in a research report on Wednesday, December 4th. UBS Group dropped their target price on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Barclays reduced their price target on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Finally, Jefferies Financial Group dropped their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, American Eagle Outfitters currently has a consensus rating of “Hold” and an average target price of $22.40.

American Eagle Outfitters Price Performance

The business’s 50-day moving average is $19.27 and its two-hundred day moving average is $20.28. The firm has a market cap of $3.30 billion, a P/E ratio of 14.70, a P/E/G ratio of 1.12 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly 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 for the quarter, compared to analyst estimates of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 EPS. Equities research analysts predict that American Eagle Outfitters, Inc. will post 1.69 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Friday, January 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 42.74%.

Insider Activity

In related news, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the sale, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,050,702 shares of company stock valued at $21,148,718 in the last quarter. Company insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

A number of large investors have recently made changes to their positions in AEO. Franklin Resources Inc. increased its position in American Eagle Outfitters by 2.2% during the third quarter. Franklin Resources Inc. now owns 688,869 shares of the apparel retailer’s stock worth $14,266,000 after acquiring an additional 15,038 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of American Eagle Outfitters during the 3rd quarter worth approximately $141,000. Barclays PLC grew its position in shares of American Eagle Outfitters by 51.8% during the 3rd quarter. Barclays PLC now owns 298,263 shares of the apparel retailer’s stock worth $6,679,000 after purchasing an additional 101,795 shares in the last quarter. Zacks Investment Management bought a new position in shares of American Eagle Outfitters during the third quarter worth approximately $931,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of American Eagle Outfitters in the third quarter valued at approximately $390,000. Institutional investors 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.