American Eagle Outfitters (NYSE:AEO) Hits New 12-Month Low – Time to Sell?

American Eagle Outfitters, Inc. (NYSE:AEO) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $11.41 and last traded at $11.51, with a volume of 1753381 shares changing hands. The stock had previously closed at $12.10.

Analyst Ratings Changes

A number of research firms have weighed in on AEO. Raymond James began coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They issued a “market perform” rating for the company. UBS Group cut their price objective on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a report on Thursday. Barclays cut shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $17.00 to $10.00 in a report on Tuesday. Morgan Stanley cut their price objective on shares of American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Telsey Advisory Group cut their target price on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating for the company in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus target price of $16.50.

American Eagle Outfitters Stock Down 4.6 %

The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 9.34, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The business’s 50-day moving average is $15.01 and its two-hundred day moving average is $17.78.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.58%. American Eagle Outfitters’s payout ratio is 42.74%.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of the company’s 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 filing with the SEC, which can be accessed through this hyperlink. Company insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

A number of large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of American Eagle Outfitters by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,223,953 shares of the apparel retailer’s stock valued at $170,431,000 after purchasing an additional 413,193 shares during the last quarter. Wellington Management Group LLP increased its position in shares of American Eagle Outfitters by 1.9% in the 4th quarter. Wellington Management Group LLP now owns 9,933,628 shares of the apparel retailer’s stock valued at $165,594,000 after purchasing an additional 184,067 shares during the last quarter. American Century Companies Inc. increased its position in shares of American Eagle Outfitters by 9.4% in the 4th quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer’s stock valued at $91,774,000 after purchasing an additional 472,683 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of American Eagle Outfitters by 40.6% in the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock valued at $97,858,000 after purchasing an additional 1,262,693 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of American Eagle Outfitters by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer’s stock valued at $65,341,000 after purchasing an additional 226,821 shares during the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.

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.