Bank of America Has Lowered Expectations for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO) had its price target trimmed by Bank of America from $18.00 to $13.00 in a report released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the apparel retailer’s stock.

Several other brokerages have also recently issued reports on AEO. BMO Capital Markets restated a “market perform” rating and set a $15.00 price objective (down from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday, March 11th. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Citigroup set a $13.00 price objective on shares of American Eagle Outfitters and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Raymond James started coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They issued a “market perform” rating for the company. Finally, Morgan Stanley reduced their price objective on American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.00.

American Eagle Outfitters Price Performance

AEO opened at $11.06 on Friday. The firm’s fifty day moving average price is $14.76 and its 200 day moving average price is $17.58. The stock has a market capitalization of $2.12 billion, a PE ratio of 9.45, a P/E/G ratio of 0.82 and a beta of 1.57. American Eagle Outfitters has a 12-month low of $10.74 and a 12-month high of $26.25.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.125 dividend. The ex-dividend date is Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a yield of 4.52%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 29.76%.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AEO. Blue Trust Inc. grew its holdings in American Eagle Outfitters by 95.7% in the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after buying an additional 937 shares during the last quarter. Huntington National Bank boosted its position in shares of American Eagle Outfitters by 258.8% during the 4th quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock valued at $34,000 after acquiring an additional 1,475 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in American Eagle Outfitters by 171.1% during the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after purchasing an additional 1,608 shares in the last quarter. Principal Securities Inc. grew its position in American Eagle Outfitters by 2,239.1% in the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock valued at $43,000 after acquiring an additional 2,463 shares during the period. Finally, Park Place Capital Corp bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth about $45,000. 97.33% of the stock is currently 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.