American Eagle Outfitters (NYSE:AEO) Price Target Lowered to $11.00 at Barclays

American Eagle Outfitters (NYSE:AEO – Get Rating) had its price target reduced by Barclays from $13.00 to $11.00 in a research note published on Thursday, The Fly reports.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. boosted their price target on American Eagle Outfitters from $14.00 to $15.00 in a research note on Monday, May 8th. Citigroup decreased their price objective on American Eagle Outfitters from $17.00 to $14.00 in a report on Thursday, May 18th. Jefferies Financial Group decreased their price objective on American Eagle Outfitters from $16.00 to $14.00 in a report on Tuesday, May 9th. Telsey Advisory Group restated a market perform rating and set a $17.00 price objective on shares of American Eagle Outfitters in a report on Thursday, March 2nd. Finally, StockNews.com initiated coverage on American Eagle Outfitters in a report on Thursday, May 18th. They set a hold rating for the company. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, American Eagle Outfitters has an average rating of Hold and a consensus target price of $13.38.

American Eagle Outfitters Price Performance

Shares of AEO opened at $10.63 on Thursday. American Eagle Outfitters has a 52-week low of $9.46 and a 52-week high of $17.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 1.43. The business’s 50 day moving average price is $13.10 and its two-hundred day moving average price is $14.17. The firm has a market cap of $2.10 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 0.82 and a beta of 1.52.

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

American Eagle Outfitters Cuts Dividend

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

Insider Buying and Selling

In related news, EVP Michael R. Rempell sold 12,510 shares of the company’s stock in a transaction on 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 owns 172,003 shares in the company, valued at $2,258,399.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Michael R. Rempell sold 18,997 shares of the firm’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $14.65, for a total transaction of $278,306.05. Following the completion of the sale, the executive vice president now directly owns 172,003 shares of the company’s stock, valued at approximately $2,519,843.95. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Michael R. Rempell sold 12,510 shares of the firm’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $13.13, for a total value of $164,256.30. Following the sale, the executive vice president now directly owns 172,003 shares of the company’s stock, valued at $2,258,399.39. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,202 shares of company stock worth $599,822. 7.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Eagle Outfitters

Several large investors have recently made changes to their positions in AEO. FMR LLC grew its stake in shares of American Eagle Outfitters by 0.4% during the 1st quarter. FMR LLC now owns 28,228,744 shares of the apparel retailer’s stock worth $379,394,000 after acquiring an additional 117,903 shares during the period. BlackRock Inc. grew its stake in shares of American Eagle Outfitters by 25.9% during the 3rd quarter. BlackRock Inc. now owns 24,356,394 shares of the apparel retailer’s stock worth $236,988,000 after acquiring an additional 5,013,262 shares during the period. Vanguard Group Inc. grew its stake in shares of American Eagle Outfitters by 15.6% during the 3rd quarter. Vanguard Group Inc. now owns 17,571,205 shares of the apparel retailer’s stock worth $170,967,000 after acquiring an additional 2,369,726 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of American Eagle Outfitters by 26.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,231,083 shares of the apparel retailer’s stock worth $124,063,000 after acquiring an additional 1,913,492 shares during the period. Finally, Cooke & Bieler LP grew its stake in shares of American Eagle Outfitters by 10.1% during the 3rd quarter. Cooke & Bieler LP now owns 8,399,160 shares of the apparel retailer’s stock worth $81,724,000 after acquiring an additional 771,320 shares during the period. 93.34% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Company Profile

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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.