American Eagle Outfitters (NYSE:AEO) Stock Price Down 2.7% – Here’s Why

American Eagle Outfitters, Inc. (NYSE:AEO) was down 2.7% during trading on Tuesday . The company traded as low as $18.08 and last traded at $18.17. Approximately 856,775 shares changed hands during trading, a decline of 81% from the average daily volume of 4,509,977 shares. The stock had previously closed at $18.68.

Analyst Ratings Changes

Several equities analysts recently issued reports on AEO shares. Jefferies Financial Group decreased their price objective on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, November 12th. Barclays reduced their price target on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, August 30th. TD Cowen lowered their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, August 30th. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, UBS Group lowered their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Eagle Outfitters has a consensus rating of “Hold” and an average target price of $25.00.

American Eagle Outfitters Price Performance

The business’s 50-day moving average is $19.86 and its two-hundred day moving average is $20.66. The firm has a market cap of $3.57 billion, a P/E ratio of 14.86, a P/E/G ratio of 0.93 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the company earned $0.25 EPS. American Eagle Outfitters’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts predict that American Eagle Outfitters, Inc. will post 1.77 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were paid a $0.125 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a yield of 2.69%. American Eagle Outfitters’s dividend payout ratio is 40.00%.

Insiders Place Their Bets

In other news, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David M. Sable sold 18,420 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $22.04, for a total transaction of $405,976.80. Following the transaction, the director now owns 39,356 shares in the company, valued at $867,406.24. This represents a 31.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,050,702 shares of company stock valued at $21,148,718 in the last 90 days. 7.30% of the stock is currently owned by insiders.

Institutional Trading of American Eagle Outfitters

A number of hedge funds have recently made changes to their positions in AEO. Investors Research Corp increased its holdings in shares of American Eagle Outfitters by 1.4% during the 3rd quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock worth $1,035,000 after acquiring an additional 650 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of American Eagle Outfitters by 1.9% in the second quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock valued at $1,049,000 after purchasing an additional 963 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of American Eagle Outfitters by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock valued at $1,856,000 after purchasing an additional 1,000 shares during the period. Segall Bryant & Hamill LLC lifted its stake in shares of American Eagle Outfitters by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer’s stock worth $1,112,000 after buying an additional 1,033 shares during the last quarter. Finally, Alhambra Investment Management LLC boosted its holdings in shares of American Eagle Outfitters by 7.8% during the 2nd quarter. Alhambra Investment Management LLC now owns 15,275 shares of the apparel retailer’s stock worth $305,000 after buying an additional 1,111 shares during the period. 97.33% of the stock is owned by institutional investors and hedge funds.

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.