American Eagle Outfitters (NYSE:AEO) Shares Down 0.6% – Here’s What Happened

American Eagle Outfitters, Inc. (NYSE:AEO)’s share price fell 0.6% on Tuesday . The stock traded as low as $19.44 and last traded at $19.82. 869,893 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 4,519,790 shares. The stock had previously closed at $19.93.

Analyst Ratings Changes

Several research analysts recently issued reports on AEO shares. UBS Group lowered their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, August 30th. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Jefferies Financial Group decreased their target price on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, November 12th. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 target price on shares of American Eagle Outfitters in a research report on Wednesday, November 27th. Finally, Barclays dropped their price target on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.00.

American Eagle Outfitters Stock Down 0.1 %

The stock has a 50-day moving average of $19.78 and a 200 day moving average of $20.52. The company has a market capitalization of $3.82 billion, a PE ratio of 15.96, a P/E/G ratio of 0.96 and a beta of 1.51.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend was Friday, October 11th. American Eagle Outfitters’s payout ratio is 40.00%.

Insider Buying and Selling

In other news, CEO Jay L. Schottenstein sold 999,999 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the transaction, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. This represents a 36.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer M. Foyle sold 30,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total value of $653,700.00. Following the completion of the sale, the insider now owns 200,427 shares in the company, valued at $4,367,304.33. This represents a 13.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,050,702 shares of company stock valued at $21,148,718. 7.30% of the stock is owned by insiders.

Hedge Funds Weigh In On American Eagle Outfitters

A number of institutional investors have recently added to or reduced their stakes in AEO. Kathleen S. Wright Associates Inc. purchased a new stake in American Eagle Outfitters in the third quarter valued at approximately $32,000. Advisors Asset Management Inc. raised its position in shares of 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 valued at $57,000 after buying an additional 1,608 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of American Eagle Outfitters during the 2nd quarter worth $78,000. nVerses Capital LLC purchased a new position in American Eagle Outfitters in the second quarter worth $108,000. Finally, Wilmington Savings Fund Society FSB bought a new position in American Eagle Outfitters in the third quarter valued at $141,000. 97.33% of the stock is currently owned by institutional investors.

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.