UBS Group Issues Pessimistic Forecast for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO) had its target price lowered by UBS Group from $32.00 to $28.00 in a research note issued to investors on Thursday,Benzinga reports. UBS Group currently has a buy rating on the apparel retailer’s stock.

AEO has been the subject of several other research reports. JPMorgan Chase & Co. cut their price target on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday. Raymond James started coverage on American Eagle Outfitters in a report on Friday, December 13th. They set a “market perform” rating for the company. Telsey Advisory Group cut their price target on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating for the company in a report on Thursday. Finally, Morgan Stanley upgraded American Eagle Outfitters from an “underperform” rating to an “equal weight” rating in a report on Tuesday. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $16.50.

American Eagle Outfitters Trading Down 4.6 %

NYSE:AEO opened at $10.93 on Thursday. American Eagle Outfitters has a 12-month low of $10.92 and a 12-month high of $26.25. The stock has a 50-day moving average price of $15.01 and a 200 day moving average price of $17.78. The stock has a market capitalization of $2.10 billion, a P/E ratio of 9.34, a P/E/G ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.58%. American Eagle Outfitters’s dividend payout ratio (DPR) is 42.74%.

Insider Transactions at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. lifted its stake 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 worth $32,000 after acquiring an additional 937 shares during the last quarter. Huntington National Bank lifted its stake in shares of American Eagle Outfitters by 258.8% during the 4th quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 1,475 shares during the last quarter. Advisors Asset Management Inc. lifted its stake 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 acquiring an additional 1,608 shares during the last quarter. Principal Securities Inc. lifted its stake 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 worth $43,000 after acquiring an additional 2,463 shares during the last quarter. Finally, Park Place Capital Corp bought a new stake in shares of American Eagle Outfitters during the 4th quarter worth approximately $45,000. 97.33% of the stock is owned by 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.