American Eagle Outfitters (NYSE:AEO) Cut to Hold at StockNews.com

StockNews.com downgraded shares of American Eagle Outfitters (NYSE:AEO) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

Other equities analysts also recently issued research reports about the company. Barclays downgraded American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $17.00 to $10.00 in a research note on Tuesday, March 11th. Telsey Advisory Group dropped their price objective on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday, March 13th. BMO Capital Markets reiterated a “market perform” rating and issued a $15.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday, March 11th. Citigroup set a $13.00 price objective on American Eagle Outfitters and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Finally, UBS Group dropped their price objective on 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. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, American Eagle Outfitters has a consensus rating of “Hold” and a consensus target price of $16.00.

American Eagle Outfitters Stock Up 2.6 %

Shares of NYSE AEO opened at $12.15 on Wednesday. American Eagle Outfitters has a twelve month low of $10.74 and a twelve month high of $26.25. The stock’s 50 day moving average price is $14.30 and its 200-day moving average price is $17.33. The company has a market capitalization of $2.33 billion, a PE ratio of 10.38, a PEG ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a yield of 4.12%. American Eagle Outfitters’s payout ratio is 29.76%.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of American Eagle Outfitters in the fourth quarter worth $4,891,000. Brucke Financial Inc. bought a new position in shares of American Eagle Outfitters in the fourth quarter worth $256,000. ABLE Financial Group LLC increased its stake in American Eagle Outfitters by 7.0% in the fourth quarter. ABLE Financial Group LLC now owns 24,221 shares of the apparel retailer’s stock valued at $404,000 after acquiring an additional 1,587 shares during the last quarter. Mackenzie Financial Corp increased its stake in American Eagle Outfitters by 46.8% in the fourth quarter. Mackenzie Financial Corp now owns 16,703 shares of the apparel retailer’s stock valued at $278,000 after acquiring an additional 5,323 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. bought a new position in American Eagle Outfitters in the fourth quarter valued at $175,000. 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.