American Eagle Outfitters (NYSE:AEO) Sets New 1-Year Low – Here’s What Happened

American Eagle Outfitters, Inc. (NYSE:AEO)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $16.20 and last traded at $16.20, with a volume of 14847 shares. The stock had previously closed at $16.46.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Telsey Advisory Group cut their price objective on American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday, December 5th. Raymond James started coverage on American Eagle Outfitters in a research report on Friday, December 13th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $23.00 price target (down previously from $27.00) on shares of American Eagle Outfitters in a research note on Wednesday, December 4th. Barclays reduced their price objective on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Finally, UBS Group cut their price target on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $22.40.

American Eagle Outfitters Trading Up 1.6 %

The business’s 50-day simple moving average is $18.23 and its 200-day simple moving average is $19.82. The company has a market cap of $3.20 billion, a PE ratio of 14.25, a P/E/G ratio of 1.12 and a beta of 1.51.

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, beating analysts’ consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. On average, research analysts predict that American Eagle Outfitters, Inc. will post 1.69 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a $0.125 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a yield of 3.00%. American Eagle Outfitters’s dividend payout ratio is currently 42.74%.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,283 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AEO. Kathleen S. Wright Associates Inc. bought a new stake in American Eagle Outfitters during the third quarter worth approximately $32,000. Advisors Asset Management Inc. boosted its holdings in shares of American Eagle Outfitters by 171.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after buying an additional 1,608 shares during the period. nVerses Capital LLC bought a new position in American Eagle Outfitters in the 2nd quarter worth $108,000. Wilmington Savings Fund Society FSB acquired a new position in American Eagle Outfitters during the 3rd quarter worth $141,000. Finally, Meeder Asset Management Inc. bought a new stake in American Eagle Outfitters during the third quarter valued at about $141,000. 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.