American Eagle Outfitters (NYSE:AEO) Trading 2.8% Higher – Here’s What Happened

American Eagle Outfitters, Inc. (NYSE:AEO) traded up 2.8% on Tuesday . The stock traded as high as $12.04 and last traded at $11.95. 945,791 shares were traded during trading, a decline of 81% from the average session volume of 4,855,415 shares. The stock had previously closed at $11.62.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Citigroup set a $13.00 price target on shares of American Eagle Outfitters and gave the stock a “neutral” rating in a report on Tuesday, March 11th. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th. Raymond James began coverage on American Eagle Outfitters in a research note on Friday, December 13th. They set a “market perform” rating for the company. Finally, Barclays downgraded American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $17.00 to $10.00 in a research note on Tuesday, March 11th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.00.

American Eagle Outfitters Price Performance

The firm has a market cap of $2.18 billion, a PE ratio of 10.81, a PEG ratio of 0.82 and a beta of 1.57. The business has a 50-day moving average price of $13.65 and a two-hundred day moving average price of $16.91.

American Eagle Outfitters Announces Dividend

The firm also recently declared 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 dividend yield of 3.95%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 29.76%.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction on Thursday, January 16th. The stock was 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 SEC, which is available at this link. Corporate insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

Several large investors have recently added to or reduced their stakes in AEO. Blue Trust Inc. increased its stake 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 acquiring an additional 937 shares during the last quarter. Huntington National Bank grew its holdings in American Eagle Outfitters by 258.8% in the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 1,475 shares during the period. Principal Securities Inc. increased its position in American Eagle Outfitters by 2,239.1% during the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock worth $43,000 after purchasing an additional 2,463 shares during the last quarter. Park Place Capital Corp purchased a new position in American Eagle Outfitters during the fourth quarter worth approximately $45,000. Finally, State of Wyoming acquired a new position in shares of American Eagle Outfitters in the 4th quarter valued at $49,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

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.