American Eagle Outfitters (NYSE:AEO) Hits New 12-Month Low – Time to Sell?

American Eagle Outfitters, Inc. (NYSE:AEO) reached a new 52-week low during trading on Tuesday . The company traded as low as $11.41 and last traded at $11.51, with a volume of 1753381 shares changing hands. The stock had previously closed at $12.10.

Analysts Set New Price Targets

A number of research analysts recently commented on AEO shares. Citigroup set a $13.00 target price on shares of American Eagle Outfitters and gave the company a “neutral” rating in a research report on Tuesday. Bank of America decreased their price target on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. JPMorgan Chase & Co. decreased their price target on shares of American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday. UBS Group decreased their price target 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. Finally, StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.50.

American Eagle Outfitters Trading Down 4.6 %

The company has a market cap of $2.10 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 0.82 and a beta of 1.57. The company’s 50 day moving average price is $15.01 and its 200 day moving average price is $17.78.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.58%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 42.74%.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,999 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

A number of large investors have recently made changes to their positions in AEO. Blue Trust Inc. increased its holdings in 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 in the last quarter. Huntington National Bank grew its holdings in shares of American Eagle Outfitters by 258.8% during the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock worth $34,000 after buying an additional 1,475 shares in the last quarter. Principal Securities Inc. boosted its position in shares of American Eagle Outfitters by 2,239.1% in the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock worth $43,000 after acquiring an additional 2,463 shares during the last quarter. Park Place Capital Corp purchased a new stake in American Eagle Outfitters in the fourth quarter valued at approximately $45,000. Finally, State of Wyoming purchased a new stake in American Eagle Outfitters in the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

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.