American Eagle Outfitters (NYSE:AEO) Stock Price Down 2% After Analyst Downgrade

American Eagle Outfitters, Inc. (NYSE:AEO) fell 2% on Friday after Bank of America lowered their price target on the stock from $18.00 to $13.00. Bank of America currently has a neutral rating on the stock. American Eagle Outfitters traded as low as $10.79 and last traded at $10.77. 1,721,860 shares changed hands during trading, a decline of 63% from the average session volume of 4,628,719 shares. The stock had previously closed at $10.98.

Other equities analysts also recently issued research reports about the company. Barclays downgraded American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $17.00 to $10.00 in a research report on Tuesday. BMO Capital Markets reaffirmed a “market perform” rating and issued a $15.00 target price (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday. Morgan Stanley decreased their target price on American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday. UBS Group decreased their target price on American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Telsey Advisory Group decreased their target price on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a research report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus target price of $16.00.

Insider Buying and Selling at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

Hedge funds have recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of American Eagle Outfitters by 95.7% during the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after acquiring an additional 937 shares in the last quarter. Huntington National Bank raised its position in American Eagle Outfitters by 258.8% during the 4th quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 1,475 shares during the last quarter. Principal Securities Inc. raised its position in American Eagle Outfitters by 2,239.1% during the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock worth $43,000 after purchasing an additional 2,463 shares during the last quarter. Park Place Capital Corp bought a new position in American Eagle Outfitters during the 4th quarter worth $45,000. Finally, State of Wyoming bought a new position in American Eagle Outfitters during the 4th quarter worth $49,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Trading Up 0.7 %

The firm has a market capitalization of $2.12 billion, a P/E ratio of 9.45, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The company has a 50-day moving average of $14.76 and a 200-day moving average of $17.61.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio is currently 29.76%.

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.