American Eagle Outfitters (NYSE:AEO) Trading Down 6.9% – Time to Sell?

American Eagle Outfitters, Inc. (NYSE:AEO)’s stock price was down 6.9% during trading on Monday . The stock traded as low as $22.84 and last traded at $22.88. Approximately 1,762,084 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 5,325,930 shares. The stock had previously closed at $24.57.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Telsey Advisory Group reissued a “market perform” rating and issued a $28.00 price objective on shares of American Eagle Outfitters in a report on Thursday, February 26th. Citigroup lifted their price target on American Eagle Outfitters from $18.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Bank of America boosted their price target on American Eagle Outfitters from $11.00 to $18.00 and gave the company an “underperform” rating in a report on Wednesday, December 3rd. JPMorgan Chase & Co. upgraded American Eagle Outfitters from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $14.00 to $20.00 in a research report on Wednesday, December 3rd. Finally, Barclays lifted their target price on shares of American Eagle Outfitters from $20.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus price target of $22.45.

American Eagle Outfitters Trading Up 0.9%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 5.89 and a beta of 1.39. The company has a 50 day moving average price of $25.08 and a two-hundred day moving average price of $20.61.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. American Eagle Outfitters had a net margin of 3.90% and a return on equity of 13.82%. On average, research analysts forecast that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 1,896 shares of the stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total transaction of $49,694.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jennifer M. Foyle sold 243,047 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $24.30, for a total value of $5,906,042.10. Following the completion of the sale, the insider directly owned 191,751 shares in the company, valued at $4,659,549.30. This represents a 55.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 246,839 shares of company stock valued at $6,004,388 over the last 90 days. Corporate insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in American Eagle Outfitters by 31.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock worth $49,000 after purchasing an additional 447 shares during the last quarter. Cambria Investment Management L.P. lifted its stake in shares of American Eagle Outfitters by 4.5% in the third quarter. Cambria Investment Management L.P. now owns 10,777 shares of the apparel retailer’s stock worth $184,000 after buying an additional 468 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its stake in shares of American Eagle Outfitters by 50.0% in the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after buying an additional 500 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in American Eagle Outfitters by 2.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 25,363 shares of the apparel retailer’s stock worth $669,000 after acquiring an additional 510 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in American Eagle Outfitters by 4.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,855 shares of the apparel retailer’s stock valued at $254,000 after acquiring an additional 678 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.