American Eagle Outfitters (NYSE:AEO) Price Target Cut to $13.00 by Analysts at Bank of America

American Eagle Outfitters (NYSE:AEO) had its target price reduced by Bank of America from $18.00 to $13.00 in a report published on Friday morning,Benzinga reports. They currently have a neutral rating on the apparel retailer’s stock.

Several other research firms also recently weighed in on AEO. BMO Capital Markets reaffirmed a “market perform” rating and issued a $15.00 price target (down from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday. Telsey Advisory Group decreased their target price on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating for the company in a research report on Thursday. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Raymond James initiated coverage on shares of American Eagle Outfitters in a research report on Friday, December 13th. They set a “market perform” rating for the company. Finally, Citigroup set a $13.00 target price on shares of American Eagle Outfitters and gave the stock a “neutral” rating in a research report on Tuesday. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $16.00.

American Eagle Outfitters Trading Up 0.7 %

AEO opened at $11.06 on Friday. American Eagle Outfitters has a 1-year low of $10.74 and a 1-year high of $26.25. The company has a market cap of $2.12 billion, a P/E ratio of 9.45, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The company has a fifty day moving average price of $14.76 and a two-hundred day moving average price of $17.65.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters’s payout ratio is 42.74%.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in American Eagle Outfitters in the fourth quarter valued at about $4,891,000. Brucke Financial Inc. purchased a new position in American Eagle Outfitters in the fourth quarter valued at about $256,000. ABLE Financial Group LLC boosted its stake in American Eagle Outfitters by 7.0% in the fourth quarter. ABLE Financial Group LLC now owns 24,221 shares of the apparel retailer’s stock valued at $404,000 after acquiring an additional 1,587 shares during the last quarter. Mackenzie Financial Corp boosted its stake in American Eagle Outfitters by 46.8% in the fourth quarter. Mackenzie Financial Corp now owns 16,703 shares of the apparel retailer’s stock valued at $278,000 after acquiring an additional 5,323 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. purchased a new position in American Eagle Outfitters in the fourth quarter valued at about $175,000. 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.