Morgan Stanley Has Lowered Expectations for American Eagle Outfitters (NYSE:AEO) Stock Price

American Eagle Outfitters (NYSE:AEO - Free Report) had its target price lowered by Morgan Stanley from $12.00 to $11.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the apparel retailer's stock.

A number of other analysts have also recently commented on AEO. BMO Capital Markets restated a "market perform" rating and issued a $15.00 price target (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday, March 11th. StockNews.com lowered shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Telsey Advisory Group dropped their price target on shares of American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating for the company in a research report on Thursday, March 13th. UBS Group decreased their price objective on shares of American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Finally, Barclays downgraded shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $17.00 to $10.00 in a report on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, American Eagle Outfitters currently has a consensus rating of "Hold" and an average target price of $15.40.

American Eagle Outfitters Stock Down 1.9 %

AEO traded down $0.21 during trading on Tuesday, hitting $11.14. The company's stock had a trading volume of 3,266,761 shares, compared to its average volume of 5,269,680. American Eagle Outfitters has a one year low of $9.45 and a one year high of $25.15. The business's 50 day simple moving average is $11.28 and its 200-day simple moving average is $14.91. The firm has a market cap of $1.92 billion, a PE ratio of 9.52, a P/E/G ratio of 0.82 and a beta of 1.56.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a $0.125 dividend. 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 4.49%. American Eagle Outfitters's dividend payout ratio is currently 29.76%.

Institutional Trading of American Eagle Outfitters

A number of large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings 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 valued at $32,000 after acquiring an additional 937 shares during the last quarter. Huntington National Bank lifted its stake in shares of American Eagle Outfitters by 258.8% in the 4th quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock valued at $34,000 after purchasing an additional 1,475 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of American Eagle Outfitters by 380.4% in the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock valued at $27,000 after purchasing an additional 1,841 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of American Eagle Outfitters by 2,239.1% in the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock worth $43,000 after purchasing an additional 2,463 shares during the period. Finally, Park Place Capital Corp bought a new position in shares of American Eagle Outfitters during the 4th quarter valued at approximately $45,000. 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.