Shares of American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) hit a new 52-week low during mid-day trading on Saturday . The stock traded as low as $9.27 and last traded at $9.32, with a volume of 9811360 shares traded. The stock had previously closed at $10.07.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on AEO shares. Bank of America dropped their target price on shares of American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. BMO Capital Markets dropped their price target on shares of American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating on the stock in a research note on Wednesday, May 14th. Citigroup reiterated a "neutral" rating on shares of American Eagle Outfitters in a research note on Friday, May 23rd. Morgan Stanley set a $10.00 price target on shares of American Eagle Outfitters and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Finally, UBS Group dropped their price target on shares of American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $14.70.
Read Our Latest Report on AEO
American Eagle Outfitters Stock Performance
The stock has a market capitalization of $1.61 billion, a P/E ratio of 7.96, a P/E/G ratio of 0.82 and a beta of 1.51. The company's 50-day moving average price is $10.90 and its 200 day moving average price is $13.56.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The apparel retailer reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.04). The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. Analysts predict 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 will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be issued a $0.125 dividend. The ex-dividend date is Friday, July 11th. This represents a $0.50 dividend on an annualized basis and a yield of 5.37%. American Eagle Outfitters's dividend payout ratio is currently 51.02%.
Institutional Trading of American Eagle Outfitters
Institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC bought a new stake in American Eagle Outfitters in the 4th quarter valued at $267,000. Rhumbline Advisers increased its holdings in American Eagle Outfitters by 0.7% in the 1st quarter. Rhumbline Advisers now owns 528,510 shares of the apparel retailer's stock valued at $6,141,000 after acquiring an additional 3,631 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in American Eagle Outfitters by 137.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer's stock valued at $55,000 after acquiring an additional 1,944 shares during the last quarter. US Bancorp DE increased its holdings in American Eagle Outfitters by 1,673.7% in the 4th quarter. US Bancorp DE now owns 62,134 shares of the apparel retailer's stock valued at $1,036,000 after acquiring an additional 58,631 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in American Eagle Outfitters by 58.4% in the 4th quarter. Deutsche Bank AG now owns 172,981 shares of the apparel retailer's stock valued at $2,884,000 after acquiring an additional 63,794 shares during the last quarter. 97.33% of the stock is currently owned by institutional investors.
About American Eagle Outfitters
(
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.
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