American Eagle Outfitters (NYSE:AEO) Shares Down 4.5% – Time to Sell?

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) traded down 4.5% on Monday . The company traded as low as $21.07 and last traded at $21.17. 502,748 shares were traded during mid-day trading, a decline of 89% from the average session volume of 4,599,630 shares. The stock had previously closed at $22.16.

Analysts Set New Price Targets

AEO has been the topic of several recent research reports. Barclays reduced their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. TD Cowen decreased their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price objective on shares of American Eagle Outfitters in a research note on Wednesday, October 2nd. Finally, UBS Group decreased their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, American Eagle Outfitters presently has an average rating of “Hold” and a consensus price target of $25.75.

American Eagle Outfitters Stock Performance

The firm has a fifty day moving average price of $20.76 and a 200 day moving average price of $21.83. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 1.01 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the business earned $0.25 EPS. American Eagle Outfitters’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts expect that American Eagle Outfitters, Inc. will post 1.78 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.38%. American Eagle Outfitters’s dividend payout ratio is currently 45.05%.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 2,577 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $20.93, for a total value of $53,936.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the sale, the chief executive officer now owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Cary D. Mcmillan sold 2,577 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $20.93, for a total value of $53,936.61. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,050,996 shares of company stock valued at $21,153,593. Company insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

A number of institutional investors have recently added to or reduced their stakes in AEO. Vanguard Group Inc. boosted its holdings in shares of American Eagle Outfitters by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 20,788,750 shares of the apparel retailer’s stock valued at $536,142,000 after acquiring an additional 310,808 shares in the last quarter. American Century Companies Inc. increased its stake in shares of American Eagle Outfitters by 18.1% in the second quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock valued at $89,263,000 after buying an additional 684,420 shares during the period. Jupiter Asset Management Ltd. raised its holdings in American Eagle Outfitters by 36.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after buying an additional 865,355 shares during the last quarter. Victory Capital Management Inc. boosted its position in American Eagle Outfitters by 165.4% during the 2nd quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock worth $62,034,000 after buying an additional 1,936,938 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in American Eagle Outfitters by 179.1% during the 2nd quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock worth $53,722,000 after acquiring an additional 1,726,982 shares during the last quarter. 97.33% of the stock is currently 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.