American Eagle Outfitters (NYSE:AEO) Shares Gap Down to $19.75

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) gapped down prior to trading on Tuesday . The stock had previously closed at $19.75, but opened at $16.25. American Eagle Outfitters shares last traded at $16.27, with a volume of 4,937,190 shares.

Wall Street Analyst Weigh In

AEO has been the subject of several research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $19.00 price objective on shares of American Eagle Outfitters in a report on Tuesday, November 14th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of American Eagle Outfitters from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, September 7th. UBS Group upped their price objective on shares of American Eagle Outfitters from $18.00 to $22.00 in a report on Friday, September 1st. Citigroup upped their price target on shares of American Eagle Outfitters from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, November 15th. Finally, Barclays upped their price target on shares of American Eagle Outfitters from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Eagle Outfitters has a consensus rating of “Hold” and a consensus price target of $17.09.

American Eagle Outfitters Price Performance

The stock has a 50 day moving average price of $17.08 and a two-hundred day moving average price of $14.70. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 0.93 and a beta of 1.50.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, September 6th. The apparel retailer reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.09. American Eagle Outfitters had a return on equity of 14.92% and a net margin of 4.04%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the business earned $0.04 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts forecast that American Eagle Outfitters, Inc. will post 1.33 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Thursday, October 12th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 38.46%.

Insider Activity

In other news, insider Jennifer M. Foyle sold 30,000 shares of American Eagle Outfitters stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $17.00, for a total transaction of $510,000.00. Following the transaction, the insider now owns 232,459 shares in the company, valued at approximately $3,951,803. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On American Eagle Outfitters

A number of hedge funds and other institutional investors have recently bought and sold shares of AEO. Raymond James & Associates raised its position in American Eagle Outfitters by 14.4% in the 1st quarter. Raymond James & Associates now owns 97,811 shares of the apparel retailer’s stock valued at $1,643,000 after buying an additional 12,318 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in American Eagle Outfitters by 6.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 19,670 shares of the apparel retailer’s stock valued at $330,000 after buying an additional 1,241 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of American Eagle Outfitters by 70.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,172 shares of the apparel retailer’s stock worth $339,000 after purchasing an additional 8,343 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of American Eagle Outfitters by 11.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 20,501 shares of the apparel retailer’s stock worth $344,000 after purchasing an additional 2,129 shares during the last quarter. Finally, AlphaCrest Capital Management LLC acquired a new position in shares of American Eagle Outfitters during the 1st quarter worth approximately $432,000. Institutional investors and hedge funds own 90.10% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men; and intimates, apparel, activewear, and swim collections.