American Eagle Outfitters (NYSE:AEO) Stock Price Down 7.8% – What’s Next?

American Eagle Outfitters, Inc. (NYSE:AEO)’s share price traded down 7.8% during mid-day trading on Monday . The stock traded as low as $23.58 and last traded at $23.3020. 398,896 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 5,454,625 shares. The stock had previously closed at $25.26.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley set a $23.00 price target on American Eagle Outfitters in a research note on Wednesday, December 3rd. The Goldman Sachs Group started coverage on shares of American Eagle Outfitters in a report on Thursday, December 11th. They issued a “neutral” rating and a $25.00 price target for the company. Citigroup increased their target price on American Eagle Outfitters from $18.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada set a $23.00 price objective on American Eagle Outfitters in a report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. raised shares of American Eagle Outfitters from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $14.00 to $20.00 in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $22.45.

American Eagle Outfitters Stock Performance

The company has a market cap of $4.07 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 6.19 and a beta of 1.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63. The company has a fifty day moving average of $25.43 and a two-hundred day moving average of $20.23.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Tuesday, December 2nd. The apparel retailer reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.32 billion. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 earnings per share. Equities research analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were given a dividend of $0.125 per share. The ex-dividend date was Friday, January 9th. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. American Eagle Outfitters’s payout ratio is currently 43.10%.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 1,896 shares of the stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total transaction of $49,694.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jennifer M. Foyle sold 243,047 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $24.30, for a total value of $5,906,042.10. Following the sale, the insider directly owned 191,751 shares in the company, valued at $4,659,549.30. This trade represents a 55.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 246,839 shares of company stock valued at $6,004,388 over the last three months. Corporate insiders own 8.70% of the company’s stock.

Institutional Trading of American Eagle Outfitters

Large investors have recently modified their holdings of the company. Strategic Investment Solutions Inc. IL boosted its holdings in shares of American Eagle Outfitters by 50.0% in the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after buying an additional 500 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of American Eagle Outfitters during the 4th quarter valued at about $31,000. Aster Capital Management DIFC Ltd bought a new position in shares of American Eagle Outfitters during the 4th quarter valued at approximately $32,000. Raymond James Financial Inc. purchased a new position in American Eagle Outfitters in the second quarter worth about $35,000. Finally, Strs Ohio purchased a new position in American Eagle Outfitters during the third quarter worth $36,000. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.