American Eagle Outfitters (NYSE:AEO) Hits New 52-Week Low – Here’s What Happened

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) reached a new 52-week low during trading on Friday . The stock traded as low as $10.19 and last traded at $10.44, with a volume of 17254106 shares changing hands. The stock had previously closed at $12.65.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. UBS Group reduced their target price on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Telsey Advisory Group reduced their price objective on 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. Citigroup set a $13.00 target price on American Eagle Outfitters and gave the company a “neutral” rating in a report on Tuesday, March 11th. Bank of America cut their price target on American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Finally, StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.00.

American Eagle Outfitters Stock Up 4.6 %

The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 0.82 and a beta of 1.40. The company has a 50-day moving average price of $13.38 and a 200-day moving average price of $16.79.

American Eagle Outfitters Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.50 annualized dividend and a yield of 4.58%. American Eagle Outfitters’s dividend payout ratio (DPR) is 29.76%.

Insiders Place Their Bets

In other news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of American Eagle Outfitters by 95.7% during the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after buying an additional 937 shares during the period. Huntington National Bank lifted its holdings in shares of American Eagle Outfitters by 258.8% during the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock valued at $34,000 after acquiring an additional 1,475 shares during the period. Principal Securities Inc. boosted its stake in shares of American Eagle Outfitters by 2,239.1% in the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock valued at $43,000 after purchasing an additional 2,463 shares in the last quarter. Park Place Capital Corp bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth about $45,000. Finally, State of Wyoming acquired a new stake in shares of American Eagle Outfitters during the 4th quarter worth about $49,000. 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.