Barclays Has Lowered Expectations for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO) had its price objective lowered by Barclays from $26.00 to $22.00 in a report published on Friday,Benzinga reports. Barclays currently has an overweight rating on the apparel retailer’s stock.

Several other brokerages also recently issued reports on AEO. UBS Group cut their target price on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday. Bank of America reduced their price objective on shares of American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $23.00 price objective (down from $27.00) on shares of American Eagle Outfitters in a research report on Wednesday, December 4th. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, TD Cowen reduced their price objective on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.40.

American Eagle Outfitters Stock Up 2.2 %

Shares of AEO stock opened at $17.99 on Friday. The firm has a fifty day moving average of $19.62 and a 200-day moving average of $20.40. The firm 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.

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

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were given a dividend of $0.125 per share. 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 is currently 42.74%.

Insider Transactions at American Eagle Outfitters

In related news, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the completion of the sale, the chief executive officer now directly owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. The trade was a 36.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total value of $653,700.00. Following the completion of the transaction, the insider now owns 200,427 shares in the company, valued at approximately $4,367,304.33. The trade was a 13.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,050,702 shares of company stock worth $21,148,718 over the last ninety days. 7.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its holdings in American Eagle Outfitters by 2.8% during the 3rd quarter. Wellington Management Group LLP now owns 9,749,561 shares of the apparel retailer’s stock worth $218,293,000 after acquiring an additional 268,326 shares during the last quarter. Congress Asset Management Co. bought a new position in shares of American Eagle Outfitters during the 3rd quarter valued at approximately $119,691,000. American Century Companies Inc. increased its stake in shares of American Eagle Outfitters by 18.1% during the 2nd quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock worth $89,263,000 after purchasing an additional 684,420 shares during the last quarter. Victory Capital Management Inc. lifted its stake in American Eagle Outfitters by 40.6% in the third quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock valued at $97,858,000 after purchasing an additional 1,262,693 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in American Eagle Outfitters by 36.4% during the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after purchasing an additional 865,355 shares during the period. Institutional investors and hedge funds 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.