American Eagle Outfitters (NYSE:AEO) Share Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

American Eagle Outfitters, Inc. (NYSE:AEO) shares crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $18.61 and traded as high as $18.85. American Eagle Outfitters shares last traded at $18.77, with a volume of 4,881,401 shares traded.

Analyst Ratings Changes

AEO has been the subject of a number of research reports. UBS Group dropped their price objective on American Eagle Outfitters from $31.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Wolfe Research initiated coverage on American Eagle Outfitters in a research note on Wednesday, October 21st. They set a “peer perform” rating on the stock. Bank of America assumed coverage on American Eagle Outfitters in a research note on Friday, August 14th. They set an “underperform” rating and a $16.00 target price on the stock. BMO Capital Markets raised their target price on American Eagle Outfitters from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Tuesday, September 29th. Finally, Zacks Research cut American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 8th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, American Eagle Outfitters has a consensus rating of “Hold” and an average target price of $19.55.

American Eagle Outfitters Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.59 and a quick ratio of 0.62. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 4.09 and a beta of 1.28. The stock has a 50 day simple moving average of $16.96 and a two-hundred day simple moving average of $18.57.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.57. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. American Eagle Outfitters had a return on equity of 23.63% and a net margin of 5.91%. During the same quarter in the previous year, the business earned $0.45 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. As a group, analysts anticipate that American Eagle Outfitters, Inc. will post 2.24 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Friday, October 9th will be given a $0.1250 dividend. The ex-dividend date is Friday, October 9th. This represents a $0.50 annualized dividend and a yield of 2.6%. American Eagle Outfitters’s dividend payout ratio is 25.51%.

Insider Activity

In other American Eagle Outfitters news, Director Noel Spiegel sold 3,617 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $17.68, for a total transaction of $63,948.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cary McMillan sold 3,617 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $18.20, for a total value of $65,829.40. Additional details regarding this sale are available in the official SEC disclosure. 8.95% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board acquired a new stake in shares of American Eagle Outfitters during the second quarter worth $7,518,000. Bank of America Corp DE acquired a new position in American Eagle Outfitters in the 2nd quarter valued at $9,336,000. Man Group plc acquired a new position in American Eagle Outfitters in the 2nd quarter valued at $5,316,000. NFJ Investment Group LLC acquired a new position in American Eagle Outfitters in the 2nd quarter valued at $10,962,000. Finally, Nykredit A S purchased a new position in American Eagle Outfitters during the 2nd quarter worth $33,253,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc is a specialty retailer that designs, markets and sells apparel, accessories and personal-care products. The company serves teens and young adults through its American Eagle brand, which offers casual clothing including jeans, tops, outerwear, underwear and related accessories.

American Eagle Outfitters also operates Aerie, a lifestyle brand focused on intimates, activewear, swimwear, loungewear and apparel, as well as OFFLINE by Aerie, which emphasizes active and leisure clothing.