American Eagle Outfitters (NYSE:AEO) Trading 8.4% Higher - What's Next?

Shares of American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) traded up 8.4% during trading on Tuesday . The company traded as high as $10.41 and last traded at $10.43. 2,904,496 shares were traded during trading, a decline of 49% from the average session volume of 5,729,812 shares. The stock had previously closed at $9.62.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Morgan Stanley set a $10.00 target price on shares of American Eagle Outfitters and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Bank of America reduced their price target on shares of American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. BMO Capital Markets reduced their price target on shares of American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating for the company in a research report on Wednesday, May 14th. Telsey Advisory Group boosted their price target on shares of American Eagle Outfitters to $12.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. reduced their price target on shares of American Eagle Outfitters from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $14.70.

American Eagle Outfitters Stock Down 0.2%

The business's fifty day moving average price is $10.64 and its 200 day moving average price is $12.77. The company has a quick ratio of 0.56, a current ratio of 1.38 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1.78 billion, a PE ratio of 10.50 and a beta of 1.45.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.04). American Eagle Outfitters had a net margin of 3.73% and a return on equity of 13.34%. The business had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the previous year, the company posted $0.34 earnings per share. American Eagle Outfitters's quarterly revenue was down 4.7% on a year-over-year basis. On average, equities research analysts forecast that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.86%. American Eagle Outfitters's payout ratio is 51.02%.

Institutional Investors Weigh In On American Eagle Outfitters

Institutional investors and hedge funds have recently made changes to their positions in the business. US Bancorp DE increased its stake in shares of American Eagle Outfitters by 1,673.7% during the fourth quarter. US Bancorp DE now owns 62,134 shares of the apparel retailer's stock worth $1,036,000 after acquiring an additional 58,631 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of American Eagle Outfitters by 137.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer's stock worth $55,000 after acquiring an additional 1,944 shares during the period. Jones Financial Companies Lllp increased its stake in shares of American Eagle Outfitters by 140.9% during the fourth quarter. Jones Financial Companies Lllp now owns 3,927 shares of the apparel retailer's stock worth $65,000 after acquiring an additional 2,297 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of American Eagle Outfitters by 15.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer's stock worth $47,976,000 after acquiring an additional 381,047 shares during the period. Finally, Aigen Investment Management LP increased its stake in shares of American Eagle Outfitters by 150.2% during the fourth quarter. Aigen Investment Management LP now owns 78,854 shares of the apparel retailer's stock worth $1,314,000 after acquiring an additional 47,340 shares during the period. 97.33% of the stock is owned by hedge funds and other institutional investors.

About American Eagle Outfitters

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.