American Eagle Outfitters (NYSE:AEO) Given New $21.00 Price Target at Bank of America

American Eagle Outfitters (NYSE:AEO) had its price objective cut by Bank of America from $25.00 to $21.00 in a report issued on Thursday morning,Benzinga reports. They currently have a neutral rating on the apparel retailer’s stock.

Several other equities analysts have also commented on AEO. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $23.00 price objective (down previously from $27.00) on shares of American Eagle Outfitters in a research report on Wednesday. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Telsey Advisory Group decreased their price objective 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. UBS Group dropped their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Barclays decreased their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.40.

American Eagle Outfitters Trading Up 2.2 %

Shares of AEO stock opened at $17.99 on Thursday. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51. American Eagle Outfitters has a 12-month low of $16.88 and a 12-month high of $26.44. The stock’s 50-day moving average price is $19.62 and its 200-day moving average price is $20.41.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. American Eagle Outfitters had a return on equity of 20.80% and a net margin of 4.28%. The company’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. As a group, research analysts predict that American Eagle Outfitters will post 1.74 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 42.74%.

Insiders Place Their Bets

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 30,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total value of $653,700.00. Following the completion of the sale, the insider now directly owns 200,427 shares of the company’s stock, valued at $4,367,304.33. The trade was a 13.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cary D. Mcmillan sold 2,283 shares of the company’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. Insiders have sold a total of 1,050,702 shares of company stock worth $21,148,718 over the last quarter. Company insiders own 7.30% of the company’s stock.

Institutional Trading of American Eagle Outfitters

A number of large investors have recently modified their holdings of the company. Kathleen S. Wright Associates Inc. bought a new stake in American Eagle Outfitters during the 3rd quarter valued at $32,000. Advisors Asset Management Inc. raised its holdings 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 valued at $57,000 after acquiring an additional 1,608 shares in the last quarter. Innealta Capital LLC purchased a new stake in American Eagle Outfitters in the second quarter worth about $78,000. nVerses Capital LLC bought a new position in American Eagle Outfitters during the 2nd quarter worth about $108,000. Finally, Wilmington Savings Fund Society FSB bought a new position in American Eagle Outfitters during the 3rd quarter worth about $141,000. Hedge funds and other institutional investors 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.