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

American Eagle Outfitters, Inc. (NYSE:AEO)’s stock price gapped down before the market opened 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 traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AEO. UBS Group raised their target price on shares of American Eagle Outfitters from $18.00 to $22.00 in a research report on Friday, September 1st. Barclays raised their target price on shares of American Eagle Outfitters from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, September 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of American Eagle Outfitters from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Citigroup increased their price objective on shares of American Eagle Outfitters from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, November 15th. Finally, StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.09.

American Eagle Outfitters Trading Down 16.3 %

The firm’s fifty day moving average price is $17.08 and its 200 day moving average price is $14.70. The stock 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 announced its earnings results on Wednesday, September 6th. The apparel retailer reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.09. American Eagle Outfitters had a net margin of 4.04% and a return on equity of 14.92%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm earned $0.04 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts forecast that American Eagle Outfitters, Inc. will post 1.33 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Thursday, October 12th. American Eagle Outfitters’s dividend payout ratio is presently 38.46%.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $17.00, for a total value of $510,000.00. Following the sale, the insider now directly owns 232,459 shares of the company’s stock, valued at approximately $3,951,803. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 7.50% of the company’s stock.

Institutional Trading of American Eagle Outfitters

Large investors have recently bought and sold shares of the business. Toroso Investments LLC acquired a new stake in American Eagle Outfitters during the 1st quarter worth $1,861,000. New York State Teachers Retirement System lifted its stake in shares of American Eagle Outfitters by 8.3% in the 2nd quarter. New York State Teachers Retirement System now owns 230,578 shares of the apparel retailer’s stock worth $2,721,000 after acquiring an additional 17,649 shares during the period. Synovus Financial Corp acquired a new stake in shares of American Eagle Outfitters in the 2nd quarter worth $216,000. Bank of New York Mellon Corp lifted its stake in shares of American Eagle Outfitters by 10.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,929,999 shares of the apparel retailer’s stock worth $34,574,000 after acquiring an additional 265,284 shares during the period. Finally, Jacob Asset Management of New York LLC lifted its stake in shares of American Eagle Outfitters by 52.8% in the 2nd quarter. Jacob Asset Management of New York LLC now owns 11,569 shares of the apparel retailer’s stock worth $137,000 after acquiring an additional 4,000 shares during the period. Institutional investors and hedge funds own 90.10% of the company’s stock.

American Eagle Outfitters Company Profile

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.