American Eagle Outfitters (NYSE:AEO) Sets New 1-Year Low – Should You Sell?

American Eagle Outfitters, Inc. (NYSE:AEO) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $16.83 and last traded at $16.87, with a volume of 475475 shares traded. The stock had previously closed at $17.09.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AEO shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $23.00 target price (down from $27.00) on shares of American Eagle Outfitters in a research report on Wednesday, December 4th. TD Cowen decreased their target price on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Raymond James initiated coverage on American Eagle Outfitters in a research report on Friday, December 13th. They issued a “market perform” rating on the stock. UBS Group decreased their price objective on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Finally, Bank of America dropped their price target on shares of American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.40.

American Eagle Outfitters Trading Down 4.7 %

The firm has a 50 day moving average price of $18.93 and a two-hundred day moving average price of $20.09. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the business earned $0.49 EPS. American Eagle Outfitters’s quarterly revenue was down .9% compared to the same quarter last year. As a group, research analysts forecast that American Eagle Outfitters, Inc. will post 1.69 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, January 10th. American Eagle Outfitters’s payout ratio is 42.74%.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jennifer M. Foyle sold 30,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total transaction of $653,700.00. Following the completion of the sale, the insider now directly owns 200,427 shares of the company’s stock, valued at $4,367,304.33. The trade was a 13.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,703 shares of company stock valued at $1,108,738 in the last three months. Corporate insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

Several institutional investors have recently modified their holdings of AEO. Kathleen S. Wright Associates Inc. bought a new position in American Eagle Outfitters during the 3rd quarter valued at $32,000. Advisors Asset Management Inc. lifted its stake in American Eagle Outfitters by 171.1% during the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after purchasing an additional 1,608 shares during the last quarter. Innealta Capital LLC bought a new position in shares of American Eagle Outfitters in the second quarter valued at $78,000. nVerses Capital LLC acquired a new stake in American Eagle Outfitters during the 2nd quarter worth about $108,000. Finally, Picton Mahoney Asset Management acquired a new stake in shares of American Eagle Outfitters in the second quarter worth $140,000. Institutional investors own 97.33% of the company’s stock.

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.