American Eagle Outfitters (NYSE:AEO) Stock Price Down 2.7% – Should You Sell?

American Eagle Outfitters, Inc. (NYSE:AEO) shares fell 2.7% during trading on Tuesday . The company traded as low as $18.08 and last traded at $18.17. 856,775 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 4,509,977 shares. The stock had previously closed at $18.68.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. TD Cowen decreased their price target 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. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price target on shares of American Eagle Outfitters in a report on Wednesday, October 2nd. Barclays cut their price objective on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Jefferies Financial Group lowered their target price on shares of 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. Finally, StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.00.

American Eagle Outfitters Stock Down 3.7 %

The business’s 50-day simple moving average is $19.90 and its two-hundred day simple moving average is $20.71. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 0.88 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 EPS. Sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.50 annualized dividend and a yield of 2.78%. American Eagle Outfitters’s payout ratio is 40.00%.

Insider Buying and Selling at American Eagle Outfitters

In other news, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total value of $653,700.00. Following the transaction, the insider now owns 200,427 shares in the company, valued at approximately $4,367,304.33. This represents a 13.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 2,283 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total value of $49,061.67. The disclosure for this sale can be found here. Insiders have sold 1,050,702 shares of company stock valued at $21,148,718 in the last quarter. Corporate insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

Hedge funds have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC purchased a new position in American Eagle Outfitters during the 1st quarter worth approximately $423,000. Lazard Asset Management LLC boosted its stake in American Eagle Outfitters by 76.0% during the 1st quarter. Lazard Asset Management LLC now owns 43,377 shares of the apparel retailer’s stock worth $1,118,000 after purchasing an additional 18,735 shares during the period. Price T Rowe Associates Inc. MD grew its position in American Eagle Outfitters by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 112,685 shares of the apparel retailer’s stock worth $2,907,000 after purchasing an additional 6,940 shares during the last quarter. Bayesian Capital Management LP acquired a new position in American Eagle Outfitters in the first quarter valued at $598,000. Finally, Tidal Investments LLC raised its holdings in shares of American Eagle Outfitters by 1.3% in the first quarter. Tidal Investments LLC now owns 132,994 shares of the apparel retailer’s stock valued at $3,430,000 after buying an additional 1,666 shares during the last quarter. Hedge funds and other institutional investors 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.