American Eagle Outfitters (NYSE:AEO) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen cut shares of American Eagle Outfitters (NYSE:AEO) from a hold rating to a sell rating in a research note published on Saturday.

Other research analysts have also issued research reports about the stock. UBS Group lowered their target price on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Barclays lowered their target price on shares of American Eagle Outfitters from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Monday, May 12th. BMO Capital Markets lowered their target price on shares of American Eagle Outfitters from $15.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, May 14th. Bank of America lowered their target price on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Finally, Telsey Advisory Group increased their target price on shares of American Eagle Outfitters to $12.00 and gave the stock a “hold” rating in a research note on Friday, May 30th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.70.

American Eagle Outfitters Trading Down 0.1%

Shares of AEO opened at $10.13 on Friday. American Eagle Outfitters has a 12-month low of $9.45 and a 12-month high of $22.83. The firm has a 50-day moving average price of $10.97 and a 200 day moving average price of $13.84. The firm has a market capitalization of $1.76 billion, a P/E ratio of 8.66, a P/E/G ratio of 0.82 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.04). American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the company posted $0.34 EPS. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities research analysts predict that American Eagle Outfitters will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, July 11th. This represents a $0.50 annualized dividend and a dividend yield of 4.94%. American Eagle Outfitters’s dividend payout ratio is presently 51.02%.

Institutional Trading of American Eagle Outfitters

Several hedge funds have recently made changes to their positions in AEO. HighTower Advisors LLC acquired a new stake in American Eagle Outfitters in the fourth quarter valued at approximately $267,000. Smartleaf Asset Management LLC raised its holdings in American Eagle Outfitters by 137.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock valued at $55,000 after acquiring an additional 1,944 shares in the last quarter. Entropy Technologies LP acquired a new stake in American Eagle Outfitters in the fourth quarter valued at approximately $378,000. US Bancorp DE raised its holdings in American Eagle Outfitters by 1,673.7% in the fourth quarter. US Bancorp DE now owns 62,134 shares of the apparel retailer’s stock valued at $1,036,000 after acquiring an additional 58,631 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in American Eagle Outfitters by 58.4% in the fourth quarter. Deutsche Bank AG now owns 172,981 shares of the apparel retailer’s stock valued at $2,884,000 after acquiring an additional 63,794 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

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.