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

American Eagle Outfitters, Inc. (NYSE:AEO) shares reached a new 52-week low on Tuesday . The stock traded as low as $12.22 and last traded at $12.26, with a volume of 5931638 shares traded. The stock had previously closed at $13.09.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AEO shares. Barclays reiterated an “equal weight” rating and set a $17.00 price target (down from $19.00) on shares of American Eagle Outfitters in a research report on Wednesday, February 5th. BMO Capital Markets dropped their price target on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, December 5th. JPMorgan Chase & Co. lowered their target price on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Jefferies Financial Group lowered their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. Finally, UBS Group lowered their price target on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, American Eagle Outfitters currently has a consensus rating of “Hold” and an average price target of $20.44.

American Eagle Outfitters Stock Up 1.1 %

The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The firm has a 50-day moving average of $15.46 and a two-hundred day moving average of $18.11.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. As a group, sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Friday, January 10th. American Eagle Outfitters’s payout ratio is 42.74%.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 7.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American Eagle Outfitters

Several institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position 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 worth $32,000 after purchasing an additional 937 shares during the last quarter. Huntington National Bank raised its stake in shares of American Eagle Outfitters by 258.8% during the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock worth $34,000 after buying an additional 1,475 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of 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 worth $57,000 after buying an additional 1,608 shares during the last quarter. Principal Securities Inc. raised its stake in shares of American Eagle Outfitters by 2,239.1% during the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock worth $43,000 after buying an additional 2,463 shares during the last quarter. Finally, Park Place Capital Corp bought a new stake in shares of American Eagle Outfitters during the 4th quarter valued at $45,000. 97.33% of the stock is owned by institutional investors.

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.