American Eagle Outfitters (NYSE:AEO) Sets New 1-Year Low – Should You Sell?

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $11.41 and last traded at $11.51, with a volume of 1753381 shares traded. The stock had previously closed at $12.10.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AEO shares. Citigroup decreased their target price on American Eagle Outfitters from $21.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday. Barclays reiterated an “equal weight” rating and issued a $17.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Wednesday, February 5th. Bank of America lowered their target price on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, UBS Group dropped their price target 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. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, American Eagle Outfitters currently has an average rating of “Hold” and a consensus target price of $19.70.

American Eagle Outfitters Stock Down 5.0 %

The stock has a 50 day moving average price of $15.22 and a 200 day moving average price of $17.89. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57.

Insider Buying and Selling

In other news, Director Cary D. Mcmillan sold 2,999 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was 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 can be accessed through the SEC website. 7.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in American Eagle Outfitters by 95.7% during the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after buying an additional 937 shares during the last quarter. Huntington National Bank lifted its stake in shares of American Eagle Outfitters by 258.8% in 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 period. Principal Securities Inc. lifted its position in shares of 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 acquiring an additional 2,463 shares during the period. Park Place Capital Corp bought a new position in American Eagle Outfitters during the fourth quarter worth $45,000. Finally, State of Wyoming acquired a new stake in American Eagle Outfitters in the fourth quarter worth $49,000. Institutional investors own 97.33% of the company’s stock.

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.