American Eagle Outfitters Inc. Reaches New 12-Month Low at $14.25 (AEO)
American Eagle Outfitters (NYSE:AEO)’s share price reached a new 52-week low during trading on Tuesday, Stock Ratings Network reports. The stock traded as low as $14.25 and last traded at $14.36, with a volume of 2,927,965 shares traded. The stock had previously closed at $14.39.
A number of analysts have recently weighed in on AEO shares. Analysts at Zacks downgraded shares of American Eagle Outfitters (NYSE:AEO) from a “neutral” rating to an “underperform” rating in a research note to investors on Friday. They now have a $14.00 price target on the stock. Separately, analysts at Nomura initiated coverage on shares of American Eagle Outfitters (NYSE:AEO) in a research note to investors on Monday, September 9th. They set a “neutral” rating and a $15.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of American Eagle Outfitters (NYSE:AEO) from $17.00 to $16.00 in a research note to investors on Friday, August 30th. They now have a “neutral” rating on the stock.
One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $17.63.
In other American Eagle Outfitters news, COO Michael Rempell unloaded 40,000 shares of American Eagle Outfitters stock on the open market in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $15.24, for a total value of $609,600.00. Following the completion of the sale, the chief operating officer now directly owns 60,745 shares in the company, valued at approximately $925,754. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
American Eagle Outfitters has a 52-week low of $14.27 and a 52-week high of $22.97. The stock’s 50-day moving average is $15.5 and its 200-day moving average is $18.31. The company has a market cap of $2.752 billion and a P/E ratio of 13.01.
American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.10 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.10. The company had revenue of $727.00 million for the quarter, compared to the consensus estimate of $719.25 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts expect that American Eagle Outfitters will post $0.87 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 16th. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.13 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Monday, September 30th.
American Eagle Outfitters, Inc (NYSE:AEO) is a specialty retailer that operates in the United Sates and Canada, and online at ae.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.