American Eagle Outfitters (NYSE:AEO) Reaches New 1-Year Low – Here’s Why

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $15.06 and last traded at $15.01, with a volume of 679707 shares trading hands. The stock had previously closed at $15.60.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group decreased their price target on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Bank of America dropped their price target on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Barclays reissued an “equal weight” rating and issued a $17.00 price objective (down from $19.00) on shares of American Eagle Outfitters in a research report on Wednesday, February 5th. Morgan Stanley lowered American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $19.00 to $17.00 in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group cut their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, November 12th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus target price of $21.00.

American Eagle Outfitters Trading Down 1.2 %

The company has a market cap of $2.75 billion, a PE ratio of 12.21, a P/E/G ratio of 0.95 and a beta of 1.53. The business’s 50-day simple moving average is $16.65 and its 200-day simple moving average is $18.93.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 20.75% and a net margin of 4.28%. The firm’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. On average, research analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.50 annualized dividend and a yield of 3.50%. American Eagle Outfitters’s dividend payout ratio is 42.74%.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Eagle Outfitters

A number of institutional investors have recently added to or reduced their stakes in the stock. Zacks Investment Management acquired a new position in shares of American Eagle Outfitters in the 3rd quarter worth approximately $931,000. Intech Investment Management LLC acquired a new position in American Eagle Outfitters during the third quarter worth $3,731,000. NFJ Investment Group LLC bought a new position in shares of American Eagle Outfitters during the third quarter valued at $2,680,000. Dupree Financial Group LLC acquired a new stake in shares of American Eagle Outfitters in the 3rd quarter valued at $3,146,000. Finally, Nordea Investment Management AB acquired a new stake in shares of American Eagle Outfitters in the 4th quarter valued at $1,557,000. 97.33% of the stock is owned by institutional investors and hedge funds.

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.