American Eagle Outfitters, Inc. (NYSE:AEO – Get Rating) shares traded down 7.1% during mid-day trading 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. 2,183,617 shares were traded during trading, a decline of 41% from the average session volume of 3,716,765 shares. The stock had previously closed at $13.39.
Other equities research analysts have also issued research reports about the company. StockNews.com initiated coverage on American Eagle Outfitters in a research note on Thursday. They set a “hold” rating on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $17.00 price target on shares of American Eagle Outfitters in a report on Thursday, March 2nd. UBS Group decreased their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, March 29th. JPMorgan Chase & Co. boosted their price target on American Eagle Outfitters from $14.00 to $15.00 in a report on Monday, May 8th. Finally, Barclays decreased their price target on American Eagle Outfitters from $16.00 to $13.00 in a report on Tuesday, May 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.08.
Insider Buying and Selling at American Eagle Outfitters
In other American Eagle Outfitters news, EVP Michael R. Rempell sold 18,997 shares of the company’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $14.65, for a total value of $278,306.05. Following the completion of the sale, the executive vice president now directly owns 172,003 shares in the company, valued at approximately $2,519,843.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Michael R. Rempell sold 18,997 shares of the company’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $14.65, for a total value of $278,306.05. Following the transaction, the executive vice president now owns 172,003 shares of the company’s stock, valued at approximately $2,519,843.95. The sale was disclosed in a filing with the SEC, which is accessible 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 shares were sold at an average price of $13.13, for a total value of $164,256.30. Following the completion of the transaction, the executive vice president now directly owns 172,003 shares in the company, valued at approximately $2,258,399.39. The disclosure for this sale can be found here. Insiders sold a total of 43,202 shares of company stock worth $599,822 in the last three months. 8.30% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On American Eagle Outfitters
American Eagle Outfitters Stock Down 9.2 %
The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 1.43. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 0.92 and a beta of 1.52. The business has a 50-day simple moving average of $13.23 and a 200-day simple moving average of $14.15.
American Eagle Outfitters (NYSE:AEO – Get Rating) last released its quarterly earnings data on Wednesday, March 1st. The apparel retailer reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.07. American Eagle Outfitters had a return on equity of 13.27% and a net margin of 2.51%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the business posted $0.35 EPS. On average, equities analysts anticipate that American Eagle Outfitters, Inc. will post 1.12 earnings per share for the current fiscal year.
American Eagle Outfitters Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 21st. Investors of record on Thursday, April 6th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $0.40 dividend on an annualized basis and a yield of 3.29%. American Eagle Outfitters’s dividend payout ratio is presently 64.52%.
American Eagle Outfitters Company Profile
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.
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