Barclays Cuts American Eagle Outfitters (NYSE:AEO) Price Target to $22.00

American Eagle Outfitters (NYSE:AEO) had its price objective lowered by Barclays from $26.00 to $22.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the apparel retailer’s stock.

Several other equities research analysts have also commented on AEO. Jefferies Financial Group decreased their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $23.00 price objective (down previously from $27.00) on shares of American Eagle Outfitters in a research note on Wednesday, December 4th. UBS Group lowered their target price on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday. Bank of America decreased their price objective on American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, TD Cowen reduced their target price on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.40.

American Eagle Outfitters Stock Performance

Shares of NYSE:AEO opened at $17.99 on Friday. The company has a 50-day simple moving average of $19.62 and a 200-day simple moving average of $20.40. American Eagle Outfitters has a one year low of $16.88 and a one year high of $26.44. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 1.02 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.80% 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 posted $0.49 earnings per share. American Eagle Outfitters’s revenue was down .9% compared to the same quarter last year. As a group, research analysts forecast that American Eagle Outfitters will post 1.74 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were paid a $0.125 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.78%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 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 firm’s stock in a transaction dated 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 legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jay L. Schottenstein sold 999,999 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the completion of the sale, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. This trade represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,050,702 shares of company stock worth $21,148,718 over the last 90 days. Insiders own 7.30% of the company’s stock.

Institutional Trading of American Eagle Outfitters

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Investors Research Corp lifted its holdings in shares of American Eagle Outfitters by 1.4% during the 3rd quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock valued at $1,035,000 after buying an additional 650 shares during the last quarter. Arizona State Retirement System raised its holdings in American Eagle Outfitters by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock valued at $1,049,000 after acquiring an additional 963 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of American Eagle Outfitters by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock worth $1,856,000 after purchasing an additional 1,000 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of American Eagle Outfitters by 2.1% in the third quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer’s stock valued at $1,112,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Alhambra Investment Management LLC lifted its position in American Eagle Outfitters by 7.8% in the second quarter. Alhambra Investment Management LLC now owns 15,275 shares of the apparel retailer’s stock worth $305,000 after purchasing an additional 1,111 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.

About American Eagle Outfitters

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.