American Eagle Outfitters (NYSE:AEO) Price Target Lowered to $10.00 at BMO Capital Markets

American Eagle Outfitters (NYSE:AEO – Get Rating) had its price objective decreased by BMO Capital Markets from $14.00 to $10.00 in a research note released on Thursday morning, The Fly reports.

Several other brokerages have also recently issued reports on AEO. Deutsche Bank Aktiengesellschaft reduced their price objective on American Eagle Outfitters from $17.00 to $14.00 in a report on Thursday. Jefferies Financial Group reduced their price objective on American Eagle Outfitters from $16.00 to $14.00 in a report on Tuesday, May 9th. Telsey Advisory Group reaffirmed a market perform rating and set a $17.00 price objective on shares of American Eagle Outfitters in a report on Thursday, March 2nd. JPMorgan Chase & Co. raised their price target on American Eagle Outfitters from $14.00 to $15.00 in a research report on Monday, May 8th. Finally, Citigroup cut their price target on American Eagle Outfitters from $17.00 to $14.00 in a report on Thursday, May 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, American Eagle Outfitters presently has a consensus rating of Hold and an average price target of $13.38.

American Eagle Outfitters Stock Down 11.9 %

AEO opened at $10.63 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.43 and a quick ratio of 0.67. The business has a 50 day simple moving average of $13.10 and a 200-day simple moving average of $14.17. The stock has a market capitalization of $2.10 billion, a P/E ratio of 17.15, a P/E/G ratio of 0.82 and a beta of 1.52. American Eagle Outfitters has a 12 month low of $9.46 and a 12 month high of $17.09.

American Eagle Outfitters (NYSE:AEO – Get Rating) last posted its quarterly earnings results on Wednesday, May 24th. The apparel retailer reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. American Eagle Outfitters had a return on equity of 13.27% and a net margin of 2.51%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.16 EPS. On average, equities analysts anticipate that American Eagle Outfitters will post 1.12 earnings per share for the current fiscal year.

American Eagle Outfitters Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 21st. Investors of record on Thursday, April 6th were paid a $0.10 dividend. The ex-dividend date was Wednesday, April 5th. This represents a $0.40 annualized dividend and a yield of 3.76%. American Eagle Outfitters’s payout ratio is currently 64.52%.

Insider Activity at American Eagle Outfitters

In related news, EVP Michael R. Rempell sold 18,997 shares of the company’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $14.65, for a total value of $278,306.05. Following the completion of the transaction, the executive vice president now directly owns 172,003 shares in the company, valued at $2,519,843.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other American Eagle Outfitters news, EVP Michael R. Rempell sold 12,510 shares of the company’s stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $13.13, for a total transaction of $164,256.30. Following the completion of the sale, the executive vice president now directly owns 172,003 shares in the company, valued at $2,258,399.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael R. Rempell sold 18,997 shares of the company’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $14.65, for a total value of $278,306.05. Following the sale, the executive vice president now owns 172,003 shares of the company’s stock, valued at $2,519,843.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,202 shares of company stock worth $599,822. 7.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEO. State of Wyoming acquired a new stake in American Eagle Outfitters during the fourth quarter worth about $27,000. Belpointe Asset Management LLC acquired a new stake in American Eagle Outfitters during the fourth quarter worth about $29,000. Eisler Capital UK Ltd. acquired a new stake in American Eagle Outfitters during the third quarter worth about $34,000. Canada Pension Plan Investment Board purchased a new stake in shares of American Eagle Outfitters in the first quarter worth about $37,000. Finally, Quarry LP purchased a new stake in shares of American Eagle Outfitters in the first quarter worth about $38,000. 93.34% of the stock is currently owned by institutional investors and hedge funds.

About American Eagle Outfitters

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American Eagle Outfitters, Inc is a multi-brand specialty retailer, which offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.