American Eagle Outfitters (NYSE:AEO) Sets New 12-Month Low – Here’s What Happened

American Eagle Outfitters, Inc. (NYSE:AEO)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.22 and last traded at $12.26, with a volume of 5931638 shares. The stock had previously closed at $13.09.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AEO shares. Telsey Advisory Group lowered their price target on shares of American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. Bank of America decreased their price objective on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Raymond James assumed coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They issued a “market perform” rating for the company. Morgan Stanley cut American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $19.00 to $17.00 in a report on Wednesday, February 5th. Finally, UBS Group dropped their price objective on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, American Eagle Outfitters currently has an average rating of “Hold” and a consensus target price of $20.44.

American Eagle Outfitters Trading Down 6.3 %

The firm’s 50 day simple moving average is $15.64 and its 200 day simple moving average is $18.22. The firm has a market cap of $2.36 billion, a PE ratio of 10.48, a PEG ratio of 0.82 and a beta of 1.53.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the firm posted $0.49 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. As a group, equities research analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, January 10th. This represents a $0.50 annualized dividend and a dividend yield of 4.08%. American Eagle Outfitters’s dividend payout ratio (DPR) is 42.74%.

Insider Activity at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Eagle Outfitters

A number of institutional investors and hedge funds have recently made changes to their positions in AEO. Blue Trust Inc. raised its position in shares of American Eagle Outfitters by 95.7% during the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after buying an additional 937 shares in the last quarter. Huntington National Bank grew its holdings in American Eagle Outfitters by 258.8% during the 4th quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 1,475 shares during the last quarter. Principal Securities Inc. grew its holdings in American Eagle Outfitters by 2,239.1% during the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock valued at $43,000 after purchasing an additional 2,463 shares during the last quarter. Park Place Capital Corp purchased a new stake in American Eagle Outfitters in the 4th quarter worth about $45,000. Finally, State of Wyoming bought a new stake in American Eagle Outfitters in the fourth quarter worth about $49,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

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.