American Eagle Outfitters (NYSE:AEO) Trading Down 1.2% – Here’s What Happened

American Eagle Outfitters, Inc. (NYSE:AEO) shares fell 1.2% on Friday . The stock traded as low as $17.10 and last traded at $17.15. 724,478 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 4,660,420 shares. The stock had previously closed at $17.35.

Wall Street Analysts Forecast Growth

AEO has been the subject of several analyst reports. TD Cowen cut their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. UBS Group lowered their price target on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Raymond James began coverage on shares of American Eagle Outfitters in a report on Friday. They set a “market perform” rating on the stock. Finally, Jefferies Financial Group lowered their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Eagle Outfitters presently has an average rating of “Hold” and an average target price of $22.40.

American Eagle Outfitters Trading Down 1.2 %

The firm has a market cap of $3.29 billion, a P/E ratio of 14.66, a PEG ratio of 1.12 and a beta of 1.51. The company’s 50 day simple moving average is $19.27 and its 200-day simple moving average is $20.28.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share. On average, sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.69 earnings per share 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 of this dividend is Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.92%. American Eagle Outfitters’s dividend payout ratio is 42.74%.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,283 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jennifer M. Foyle sold 30,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 200,427 shares in the company, valued at $4,367,304.33. This represents a 13.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,050,702 shares of company stock worth $21,148,718 over the last ninety days. Company insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

Several hedge funds and other institutional investors have recently bought and sold shares of AEO. Kathleen S. Wright Associates Inc. purchased a new stake in shares of American Eagle Outfitters in the third quarter valued at approximately $32,000. Advisors Asset Management Inc. lifted its stake in shares of American Eagle Outfitters by 171.1% in the third 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 in the last quarter. Innealta Capital LLC acquired a new position in shares of American Eagle Outfitters during the 2nd quarter worth approximately $78,000. nVerses Capital LLC purchased a new stake in shares of American Eagle Outfitters in the 2nd quarter valued at approximately $108,000. Finally, Picton Mahoney Asset Management purchased a new position in American Eagle Outfitters in the second quarter worth approximately $140,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

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.