American Eagle Outfitters, Inc. (NYSE:AEO) Receives $16.00 Consensus PT from Analysts

American Eagle Outfitters, Inc. (NYSE:AEO) has been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.00.

A number of analysts have issued reports on the company. Citigroup set a $13.00 target price on American Eagle Outfitters and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. JPMorgan Chase & Co. decreased their price objective on American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th. Bank of America reduced their target price on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Finally, Barclays cut shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $17.00 to $10.00 in a research note on Tuesday, March 11th.

American Eagle Outfitters Stock Up 1.9 %

American Eagle Outfitters stock opened at $11.64 on Friday. The company has a market capitalization of $2.01 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.82 and a beta of 1.57. The firm has a 50 day moving average price of $13.84 and a 200-day moving average price of $16.99. American Eagle Outfitters has a twelve month low of $10.74 and a twelve month high of $26.25.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio is 29.76%.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.30% of the stock is owned by company insiders.

Institutional Trading of American Eagle Outfitters

Institutional investors and hedge funds have recently made changes to their positions in the stock. MetLife Investment Management LLC increased its stake in American Eagle Outfitters by 0.7% in the fourth quarter. MetLife Investment Management LLC now owns 105,949 shares of the apparel retailer’s stock valued at $1,766,000 after acquiring an additional 724 shares during the last quarter. Gallagher Fiduciary Advisors LLC increased its position in shares of American Eagle Outfitters by 5.2% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 15,740 shares of the apparel retailer’s stock valued at $262,000 after purchasing an additional 783 shares during the last quarter. TCM Advisors LLC raised its holdings in shares of American Eagle Outfitters by 2.1% during the 4th quarter. TCM Advisors LLC now owns 39,400 shares of the apparel retailer’s stock valued at $657,000 after buying an additional 800 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of American Eagle Outfitters by 95.7% during the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after buying an additional 937 shares in the last quarter. Finally, Xponance Inc. lifted its position in American Eagle Outfitters by 9.1% in the 4th quarter. Xponance Inc. now owns 13,036 shares of the apparel retailer’s stock worth $217,000 after buying an additional 1,082 shares during the last quarter. Hedge funds and other institutional investors 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.