American Eagle Outfitters (NYSE:AEO) Trading Down 3.5% - Should You Sell?

Shares of American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) were down 3.5% during trading on Tuesday . The stock traded as low as $10.59 and last traded at $10.66. Approximately 2,577,658 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 5,192,836 shares. The stock had previously closed at $11.04.

Wall Street Analyst Weigh In

AEO has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their price objective on American Eagle Outfitters from $15.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Citigroup set a $13.00 price target on American Eagle Outfitters and gave the company a "neutral" rating in a report on Tuesday, March 11th. Barclays lowered shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $17.00 to $10.00 in a report on Tuesday, March 11th. Morgan Stanley lowered their target price on shares of American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, Telsey Advisory Group decreased their price objective on shares of American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating for the company in a research note on Thursday, March 13th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $15.50.

American Eagle Outfitters Stock Up 4.6 %

The company has a 50-day moving average price of $11.49 and a 200-day moving average price of $15.35. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 9.58, a P/E/G ratio of 0.82 and a beta of 1.40.

American Eagle Outfitters Announces Dividend

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 was Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.47%. American Eagle Outfitters's dividend payout ratio (DPR) is presently 29.76%.

Hedge Funds Weigh In On American Eagle Outfitters

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its stake in American Eagle Outfitters by 22.2% during the first 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 during the period. CWM LLC raised its stake in shares of American Eagle Outfitters by 332.5% in the 1st quarter. CWM LLC now owns 55,152 shares of the apparel retailer's stock valued at $641,000 after buying an additional 42,400 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of American Eagle Outfitters by 14.9% during the 1st quarter. New York State Common Retirement Fund now owns 115,583 shares of the apparel retailer's stock worth $1,343,000 after acquiring an additional 14,998 shares during the period. Cerity Partners LLC bought a new stake in American Eagle Outfitters in the first quarter valued at about $459,000. Finally, Asset Management One Co. Ltd. raised its position in American Eagle Outfitters by 38.7% in the first quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer's stock worth $48,000 after purchasing an additional 1,165 shares in the last quarter. 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.