Bank of America Issues Pessimistic Forecast for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO) had its target price decreased by Bank of America from $25.00 to $21.00 in a report released on Thursday morning,Benzinga reports. Bank of America currently has a neutral rating on the apparel retailer’s stock.

Other equities analysts have also recently issued reports about the stock. UBS Group reduced their price target on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Telsey Advisory Group dropped their price objective on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday. Jefferies Financial Group dropped their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Finally, TD Cowen dropped their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.80.

American Eagle Outfitters Stock Down 14.2 %

Shares of NYSE AEO opened at $17.62 on Thursday. The company’s fifty day moving average is $19.77 and its 200-day moving average is $20.50. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 0.99 and a beta of 1.51. American Eagle Outfitters has a twelve month low of $16.88 and a twelve month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. On average, research analysts anticipate that American Eagle Outfitters will post 1.77 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.50 annualized dividend and a yield of 2.84%. American Eagle Outfitters’s payout ratio is currently 42.74%.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,283 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction dated 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 in the company, valued at $35,507,894.04. This represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,050,702 shares of company stock worth $21,148,718. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Kathleen S. Wright Associates Inc. bought a new stake in shares of American Eagle Outfitters during the 3rd quarter worth about $32,000. Advisors Asset Management Inc. boosted its holdings 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 worth $57,000 after buying an additional 1,608 shares during the period. Innealta Capital LLC bought a new stake in shares of American Eagle Outfitters during the 2nd quarter worth about $78,000. nVerses Capital LLC bought a new stake in shares of American Eagle Outfitters during the 2nd quarter worth about $108,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of American Eagle Outfitters during the 3rd quarter worth about $141,000. 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.