American Eagle Outfitters (AEO) Trading Down 6.3%

Shares of American Eagle Outfitters (NYSE:AEO) fell 6.3% during mid-day trading on Wednesday . The stock traded as low as $17.48 and last traded at $17.70. 8,929,329 shares were traded during mid-day trading, an increase of 127% from the average session volume of 3,935,925 shares. The stock had previously closed at $18.89.

Several research firms have issued reports on AEO. Zacks Investment Research raised American Eagle Outfitters from a “sell” rating to a “hold” rating and set a $22.00 price target on the stock in a research note on Monday. ValuEngine downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. Wedbush downgraded American Eagle Outfitters from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 9th. Royal Bank of Canada downgraded American Eagle Outfitters from an “outperform” rating to a “sector perform” rating and set a $24.00 target price on the stock. in a research report on Thursday, May 9th. They noted that the move was a valuation call. Finally, Jefferies Financial Group set a $28.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research report on Thursday, March 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $24.46.

The stock has a market cap of $2.96 billion, a PE ratio of 11.76, a PEG ratio of 1.56 and a beta of 0.80.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, March 6th. The apparel retailer reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.26 billion. American Eagle Outfitters had a return on equity of 20.86% and a net margin of 6.49%. American Eagle Outfitters’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. On average, equities analysts forecast that American Eagle Outfitters will post 1.58 EPS for the current year.

In related news, insider Charles F. Kessler sold 3,573 shares of American Eagle Outfitters stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $23.00, for a total transaction of $82,179.00. Following the completion of the transaction, the insider now owns 132,618 shares in the company, valued at $3,050,214. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer M. Foyle sold 117,051 shares of American Eagle Outfitters stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $23.53, for a total value of $2,754,210.03. Following the transaction, the insider now owns 144,228 shares of the company’s stock, valued at approximately $3,393,684.84. The disclosure for this sale can be found here. Insiders have sold 135,820 shares of company stock valued at $3,151,706 in the last quarter. 6.30% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of AEO. Vanguard Group Inc grew its holdings in American Eagle Outfitters by 9.8% during the third quarter. Vanguard Group Inc now owns 17,117,791 shares of the apparel retailer’s stock worth $425,035,000 after purchasing an additional 1,521,279 shares during the period. Bank of Montreal Can boosted its holdings in shares of American Eagle Outfitters by 24.3% during the fourth quarter. Bank of Montreal Can now owns 355,065 shares of the apparel retailer’s stock worth $6,864,000 after acquiring an additional 69,457 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of American Eagle Outfitters by 8.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,518 shares of the apparel retailer’s stock worth $223,000 after acquiring an additional 854 shares during the period. Arizona State Retirement System boosted its holdings in shares of American Eagle Outfitters by 1.1% during the fourth quarter. Arizona State Retirement System now owns 120,937 shares of the apparel retailer’s stock worth $2,338,000 after acquiring an additional 1,295 shares during the period. Finally, Keybank National Association OH boosted its holdings in shares of American Eagle Outfitters by 25.5% during the fourth quarter. Keybank National Association OH now owns 43,533 shares of the apparel retailer’s stock worth $841,000 after acquiring an additional 8,832 shares during the period. Institutional investors and hedge funds own 90.94% of the company’s stock.

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About American Eagle Outfitters (NYSE:AEO)

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

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