American Eagle Outfitters (NYSE:AEO) Shares Gap Down to $14.45

American Eagle Outfitters (NYSE:AEO) gapped down before the market opened on Thursday . The stock had previously closed at $14.00, but opened at $14.45. American Eagle Outfitters shares last traded at $14.33, with a volume of 192,298 shares.

Several brokerages have weighed in on AEO. JPMorgan Chase & Co. set a $16.00 price target on American Eagle Outfitters and gave the stock a “hold” rating in a report on Wednesday, September 4th. Jefferies Financial Group set a $22.00 price target on American Eagle Outfitters and gave the stock a “buy” rating in a report on Wednesday, September 4th. Morgan Stanley cut their price target on American Eagle Outfitters from $17.00 to $14.00 and set an “underweight” rating on the stock in a report on Thursday, September 5th. Barclays began coverage on American Eagle Outfitters in a report on Tuesday, November 12th. They set an “equal weight” rating and a $17.00 price target on the stock. Finally, Deutsche Bank set a $23.00 price target on American Eagle Outfitters and gave the stock a “buy” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. American Eagle Outfitters has an average rating of “Hold” and a consensus price target of $21.00.

The firm has a market cap of $2.42 billion, a PE ratio of 9.70, a P/E/G ratio of 1.71 and a beta of 0.88. The company has a current ratio of 1.34, a quick ratio of 0.64 and a debt-to-equity ratio of 1.09. The business has a fifty day moving average price of $15.68 and a 200 day moving average price of $17.11.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, September 4th. The apparel retailer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. American Eagle Outfitters had a return on equity of 21.47% and a net margin of 6.40%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the business posted $0.34 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, research analysts expect that American Eagle Outfitters will post 1.59 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a $0.1375 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.83%. American Eagle Outfitters’s payout ratio is currently 37.16%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Ocean LLC acquired a new stake in shares of American Eagle Outfitters in the 3rd quarter valued at about $29,000. NEXT Financial Group Inc lifted its position in American Eagle Outfitters by 40.6% during the 2nd quarter. NEXT Financial Group Inc now owns 2,426 shares of the apparel retailer’s stock worth $41,000 after acquiring an additional 700 shares during the period. Valeo Financial Advisors LLC lifted its position in American Eagle Outfitters by 693.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,680 shares of the apparel retailer’s stock worth $62,000 after acquiring an additional 3,216 shares during the period. Tower Research Capital LLC TRC lifted its position in American Eagle Outfitters by 232.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,203 shares of the apparel retailer’s stock worth $88,000 after acquiring an additional 3,638 shares during the period. Finally, FNY Investment Advisers LLC lifted its position in American Eagle Outfitters by 133.3% during the 2nd quarter. FNY Investment Advisers LLC now owns 7,000 shares of the apparel retailer’s stock worth $118,000 after acquiring an additional 4,000 shares during the period. 91.86% of the stock is owned by hedge funds and other institutional investors.

About American Eagle Outfitters (NYSE:AEO)

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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