American Eagle Outfitters (NYSE:AEO) Price Target Cut to $13.00 by Analysts at Citigroup

American Eagle Outfitters (NYSE:AEO) had its price objective reduced by Citigroup from $21.00 to $13.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a neutral rating on the apparel retailer’s stock.

Other equities research analysts have also issued reports about the stock. Morgan Stanley lowered shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $19.00 to $17.00 in a report on Wednesday, February 5th. StockNews.com raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price objective on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Bank of America lowered their target price on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, BMO Capital Markets dropped their target price on American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.70.

American Eagle Outfitters Stock Performance

NYSE AEO opened at $12.33 on Thursday. American Eagle Outfitters has a 52-week low of $11.65 and a 52-week high of $26.44. The company has a fifty day moving average of $15.46 and a 200-day moving average of $18.11. The company has a market capitalization of $2.37 billion, a P/E ratio of 10.54, a P/E/G ratio of 0.82 and a beta of 1.57.

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

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Friday, January 10th. American Eagle Outfitters’s payout ratio is 42.74%.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Investors Research Corp boosted its position in shares of American Eagle Outfitters by 1.4% during the third quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock valued at $1,035,000 after purchasing an additional 650 shares in the last quarter. MetLife Investment Management LLC lifted its position in American Eagle Outfitters by 0.7% during the fourth quarter. MetLife Investment Management LLC now owns 105,949 shares of the apparel retailer’s stock valued at $1,766,000 after buying an additional 724 shares during the period. Gallagher Fiduciary Advisors LLC boosted its holdings in shares of American Eagle Outfitters by 5.2% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 15,740 shares of the apparel retailer’s stock valued at $262,000 after buying an additional 783 shares in the last quarter. TCM Advisors LLC grew its position in shares of American Eagle Outfitters by 2.1% in the 4th quarter. TCM Advisors LLC now owns 39,400 shares of the apparel retailer’s stock worth $657,000 after buying an additional 800 shares during the period. Finally, Blue Trust Inc. grew its position in shares of 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 buying an additional 937 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

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.