American Eagle Outfitters (NYSE:AEO) Hits New 1-Year Low – Here’s What Happened

American Eagle Outfitters, Inc. (NYSE:AEO) reached a new 52-week low during trading on Tuesday . The company traded as low as $12.22 and last traded at $12.26, with a volume of 5931638 shares changing hands. The stock had previously closed at $13.09.

Analyst Ratings Changes

A number of analysts have recently commented on AEO shares. Bank of America lowered their price target on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. JPMorgan Chase & Co. lowered their price target on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Raymond James initiated coverage on American Eagle Outfitters in a research note on Friday, December 13th. They set a “market perform” rating for the company. Morgan Stanley cut American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $19.00 to $17.00 in a research note on Wednesday, February 5th. Finally, Telsey Advisory Group lowered their target price on American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating for the company in a report on Tuesday, January 14th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.44.

American Eagle Outfitters Price Performance

The company’s 50-day moving average is $15.46 and its two-hundred day moving average is $18.11. The firm has a market cap of $2.33 billion, a P/E ratio of 10.36, a PEG ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The firm’s revenue was down .9% compared to the same quarter last year. On average, analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a $0.125 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a yield of 4.12%. American Eagle Outfitters’s payout ratio is currently 42.74%.

Insiders Place Their Bets

In other news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Several hedge funds and other institutional investors have recently made changes to their positions in AEO. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in American Eagle Outfitters during the fourth quarter worth $4,891,000. Brucke Financial Inc. bought a new stake in American Eagle Outfitters in the 4th quarter worth about $256,000. ABLE Financial Group LLC grew its position in American Eagle Outfitters by 7.0% in the 4th quarter. ABLE Financial Group LLC now owns 24,221 shares of the apparel retailer’s stock worth $404,000 after purchasing an additional 1,587 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of 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 in the last quarter. Finally, CTC Alternative Strategies Ltd. bought a new position in American Eagle Outfitters in the 4th quarter valued at $175,000. 97.33% of the stock is owned by institutional investors.

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.