American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $10.25 and last traded at $10.53, with a volume of 5718938 shares trading hands. The stock had previously closed at $10.77.
Analysts Set New Price Targets
A number of research firms have commented on AEO. Barclays downgraded shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $17.00 to $10.00 in a research report on Tuesday, March 11th. UBS Group cut their target price on American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. JPMorgan Chase & Co. lowered their price target on American Eagle Outfitters from $15.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. BMO Capital Markets restated a "market perform" rating and issued a $15.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a report on Tuesday, March 11th. Finally, Citigroup set a $13.00 target price on American Eagle Outfitters and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $15.40.
Check Out Our Latest Research Report on American Eagle Outfitters
American Eagle Outfitters Stock Performance
The business's 50 day moving average is $11.39 and its 200 day moving average is $15.12. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 0.82 and a beta of 1.56.
American Eagle Outfitters Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.50%. American Eagle Outfitters's dividend payout ratio is 29.76%.
Institutional Investors Weigh In On American Eagle Outfitters
Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of American Eagle Outfitters by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,223,953 shares of the apparel retailer's stock valued at $170,431,000 after purchasing an additional 413,193 shares during the period. Wellington Management Group LLP increased its stake in American Eagle Outfitters by 1.9% in the 4th quarter. Wellington Management Group LLP now owns 9,933,628 shares of the apparel retailer's stock valued at $165,594,000 after buying an additional 184,067 shares during the period. Cooke & Bieler LP lifted its position in American Eagle Outfitters by 29.9% in the 1st quarter. Cooke & Bieler LP now owns 7,791,193 shares of the apparel retailer's stock worth $90,534,000 after buying an additional 1,794,203 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of American Eagle Outfitters by 9.4% during the 4th quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer's stock valued at $91,774,000 after buying an additional 472,683 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of American Eagle Outfitters by 22.2% during the 1st quarter. Victory Capital Management Inc. now owns 5,305,889 shares of the apparel retailer's stock valued at $61,654,000 after acquiring an additional 962,730 shares in the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.
American Eagle Outfitters Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider American Eagle Outfitters, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Eagle Outfitters wasn't on the list.
While American Eagle Outfitters currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
