American Eagle Outfitters (NYSE:AEO) Shares Down 0.7% – Here’s What Happened

American Eagle Outfitters, Inc. (NYSE:AEO)’s share price traded down 0.7% on Wednesday . The company traded as low as $16.97 and last traded at $17.08. 448,455 shares traded hands during trading, a decline of 90% from the average session volume of 4,682,713 shares. The stock had previously closed at $17.20.

Analyst Ratings Changes

AEO has been the topic of several research reports. Barclays dropped their target price on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Raymond James started coverage on American Eagle Outfitters in a research report on Friday, December 13th. They set a “market perform” rating for the company. Telsey Advisory Group dropped their target price on American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, December 5th. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Bank of America dropped their price objective on shares of American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $22.40.

American Eagle Outfitters Trading Up 0.2 %

The stock has a 50 day simple moving average of $18.85 and a 200-day simple moving average of $20.07. The firm has a market cap of $3.15 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51.

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, beating 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 company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the company earned $0.49 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. On average, equities research analysts expect that American Eagle Outfitters, Inc. will post 1.69 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.05%. American Eagle Outfitters’s dividend payout ratio is 42.74%.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total transaction of $653,700.00. Following the completion of the transaction, the insider now owns 200,427 shares in the company, valued at $4,367,304.33. This trade represents a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Cary D. Mcmillan sold 2,283 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,703 shares of company stock worth $1,108,738. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Congress Asset Management Co. bought a new stake in shares of American Eagle Outfitters during the 3rd quarter worth approximately $119,691,000. Victory Capital Management Inc. lifted its position in shares of American Eagle Outfitters by 165.4% in the 2nd quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock worth $62,034,000 after purchasing an additional 1,936,938 shares during the period. Principal Financial Group Inc. boosted its stake in shares of American Eagle Outfitters by 179.1% during the second quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock valued at $53,722,000 after purchasing an additional 1,726,982 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in American Eagle Outfitters by 36.4% during the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after buying an additional 865,355 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in American Eagle Outfitters during the second quarter worth $16,861,000. Hedge funds and other 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.