American Eagle Outfitters (NYSE:AEO) Shares Down 0.7% – Here’s What Happened

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

Analyst Ratings Changes

Several analysts have recently issued reports on AEO shares. UBS Group decreased 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 research report on Thursday, December 5th. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Jefferies Financial Group dropped their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, November 12th. TD Cowen reduced their target price on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Finally, Bank of America dropped their price target on shares of American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, American Eagle Outfitters currently has an average rating of “Hold” and an average target price of $22.40.

American Eagle Outfitters Stock Down 0.2 %

The firm has a 50 day moving average of $19.44 and a 200-day moving average of $20.32. The company has a market cap of $3.39 billion, a P/E ratio of 15.03, a PEG ratio of 1.13 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate 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 revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 EPS. On average, research analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a $0.125 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.83%. American Eagle Outfitters’s dividend payout ratio is currently 42.74%.

Insider Activity

In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction dated 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 completion of 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 trade represents a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer M. Foyle sold 30,000 shares of the company’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 transaction, the insider now owns 200,427 shares in the company, valued at approximately $4,367,304.33. This trade represents a 13.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,050,702 shares of company stock worth $21,148,718. Corporate insiders own 7.30% of the company’s stock.

Institutional Trading of American Eagle Outfitters

Several large investors have recently bought and sold shares of AEO. Kathleen S. Wright Associates Inc. purchased a new stake in American Eagle Outfitters during the 3rd quarter valued at about $32,000. Advisors Asset Management Inc. raised its position in American Eagle Outfitters by 171.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after buying an additional 1,608 shares during the last quarter. Innealta Capital LLC acquired a new stake in American Eagle Outfitters during the 2nd quarter valued at approximately $78,000. nVerses Capital LLC acquired a new position in shares of American Eagle Outfitters in the 2nd quarter valued at about $108,000. Finally, Picton Mahoney Asset Management acquired a new stake in American Eagle Outfitters during the second quarter worth about $140,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

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.