American Eagle Outfitters (NYSE:AEO) Reaches New 1-Year Low – Here’s Why

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) reached a new 52-week low on Friday . The stock traded as low as $14.07 and last traded at $14.10, with a volume of 520523 shares trading hands. The stock had previously closed at $14.39.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AEO shares. Raymond James assumed coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They set a “market perform” rating on the stock. Bank of America cut their price objective on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Jefferies Financial Group decreased their target price on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, November 12th. JPMorgan Chase & Co. lowered their price target on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Telsey Advisory Group cut their price target on shares of American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, American Eagle Outfitters currently has an average rating of “Hold” and a consensus price target of $21.00.

American Eagle Outfitters Stock Down 4.4 %

The business has a 50-day moving average price of $16.07 and a 200-day moving average price of $18.56. The firm has a market capitalization of $2.64 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 0.85 and a beta of 1.53.

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

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a $0.125 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a yield of 3.64%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 42.74%.

Insider Activity

In related news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction 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 document filed with the SEC, which is available at this link. Corporate insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

Several institutional investors have recently modified their holdings of the company. Zacks Investment Management acquired a new position in American Eagle Outfitters in the 3rd quarter valued at about $931,000. Intech Investment Management LLC acquired a new position in shares of American Eagle Outfitters during the 3rd quarter valued at about $3,731,000. NFJ Investment Group LLC acquired a new position in shares of American Eagle Outfitters during the 3rd quarter valued at about $2,680,000. Entropy Technologies LP purchased a new position in shares of American Eagle Outfitters during the 4th quarter worth about $378,000. Finally, Nordea Investment Management AB acquired a new stake in shares of American Eagle Outfitters in the fourth quarter worth approximately $1,557,000. 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.