American Eagle Outfitters (NYSE:AEO) Sets New 52-Week Low – What’s Next?

American Eagle Outfitters, Inc. (NYSE:AEO)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $15.36 and last traded at $15.54, with a volume of 7493200 shares trading hands. The stock had previously closed at $16.23.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Bank of America cut their price objective on American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Barclays decreased their target price on American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, December 6th. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, BMO Capital Markets decreased their price objective on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $22.10.

American Eagle Outfitters Price Performance

The business has a 50 day moving average price of $17.61 and a 200 day moving average price of $19.54. The stock has a market capitalization of $2.99 billion, a PE ratio of 13.28, a PEG ratio of 1.12 and a beta of 1.53.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share 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 analyst estimates of $1.30 billion. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. American Eagle Outfitters’s revenue was down .9% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS. On average, equities analysts expect that American Eagle Outfitters, Inc. will post 1.69 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a $0.125 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.50 annualized dividend and a yield of 3.22%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 42.74%.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,283 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

A number of hedge funds have recently bought and sold shares of the business. Kathleen S. Wright Associates Inc. bought a new stake in shares of American Eagle Outfitters in the third quarter worth approximately $32,000. Advisors Asset Management Inc. boosted its holdings in 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 purchasing an additional 1,608 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in American Eagle Outfitters in the 3rd quarter worth approximately $141,000. Wilmington Savings Fund Society FSB purchased a new stake in American Eagle Outfitters during the 3rd quarter valued at $141,000. Finally, ORG Partners LLC bought a new position in shares of American Eagle Outfitters during the 4th quarter valued at $147,000. 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.