American Eagle Outfitters (NYSE:AEO) Shares Up 2.8% – Still a Buy?

American Eagle Outfitters, Inc. (NYSE:AEO)’s share price rose 2.8% during mid-day trading on Tuesday . The stock traded as high as $12.04 and last traded at $11.95. Approximately 945,791 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 4,855,415 shares. The stock had previously closed at $11.62.

Analyst Ratings Changes

Several equities analysts recently issued reports on AEO shares. Telsey Advisory Group decreased their price objective on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating for the company in a research report on Thursday, March 13th. BMO Capital Markets reissued a “market perform” rating and set a $15.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday, March 11th. UBS Group reduced their target price on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Finally, Raymond James assumed coverage on American Eagle Outfitters in a research report on Friday, December 13th. They issued a “market perform” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.00.

American Eagle Outfitters Stock Performance

The business’s 50-day moving average price is $13.84 and its 200 day moving average price is $16.99. The company has a market cap of $2.08 billion, a P/E ratio of 10.32, a P/E/G ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.50 annualized dividend and a yield of 4.14%. American Eagle Outfitters’s dividend payout ratio is 29.76%.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Several hedge funds have recently bought and sold shares of the stock. Millennium Management LLC increased its stake in shares of American Eagle Outfitters by 1,510.1% during the fourth quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer’s stock worth $41,826,000 after purchasing an additional 2,353,225 shares during the period. Norges Bank acquired a new stake in shares of American Eagle Outfitters during the fourth quarter worth $35,267,000. Schonfeld Strategic Advisors LLC boosted its position in shares of American Eagle Outfitters by 2,408.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,244,008 shares of the apparel retailer’s stock valued at $20,738,000 after acquiring an additional 1,194,408 shares during the period. Voloridge Investment Management LLC bought a new position in American Eagle Outfitters during the fourth quarter worth about $17,558,000. Finally, Cubist Systematic Strategies LLC raised its stake in American Eagle Outfitters by 868,408.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 868,508 shares of the apparel retailer’s stock worth $14,478,000 after purchasing an additional 868,408 shares in the last quarter. 97.33% of the stock is currently owned by institutional investors and hedge funds.

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.