UBS Group Cuts American Eagle Outfitters (NYSE:AEO) Price Target to $28.00

American Eagle Outfitters (NYSE:AEO) had its target price reduced by UBS Group from $32.00 to $28.00 in a research note released on Thursday,Benzinga reports. UBS Group currently has a buy rating on the apparel retailer’s stock.

A number of other research firms have also recently weighed in on AEO. BMO Capital Markets reaffirmed a “market perform” rating and set a $15.00 price target (down from $19.00) on shares of American Eagle Outfitters in a report on Tuesday. Morgan Stanley upgraded American Eagle Outfitters from an “underperform” rating to an “equal weight” rating in a research note on Tuesday. Barclays downgraded shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $17.00 to $10.00 in a research report on Tuesday. Bank of America decreased their price objective on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, American Eagle Outfitters has a consensus rating of “Hold” and an average price target of $16.00.

American Eagle Outfitters Trading Up 0.7 %

Shares of American Eagle Outfitters stock opened at $11.06 on Thursday. American Eagle Outfitters has a 1-year low of $10.74 and a 1-year high of $26.25. The firm’s 50-day moving average price is $14.76 and its two-hundred day moving average price is $17.61. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 9.45, a P/E/G ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, April 11th. This represents a $0.50 annualized dividend and a dividend yield of 4.52%. American Eagle Outfitters’s payout ratio is currently 29.76%.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction that occurred on 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 hyperlink. 7.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American Eagle Outfitters

A number of hedge funds and other institutional investors have recently made changes to their positions in AEO. State of New Jersey Common Pension Fund D raised its stake in American Eagle Outfitters by 3.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 88,237 shares of the apparel retailer’s stock worth $1,976,000 after buying an additional 3,264 shares during the period. Aigen Investment Management LP acquired a new stake in shares of American Eagle Outfitters during the third quarter worth about $706,000. Victory Capital Management Inc. lifted its holdings in shares of American Eagle Outfitters by 40.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock valued at $97,858,000 after purchasing an additional 1,262,693 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of American Eagle Outfitters in the 3rd quarter valued at approximately $1,827,000. Finally, Natixis Advisors LLC increased its stake in American Eagle Outfitters by 514.1% during the 3rd quarter. Natixis Advisors LLC now owns 293,937 shares of the apparel retailer’s stock worth $6,581,000 after purchasing an additional 246,070 shares in the last quarter. 97.33% of the stock is owned by 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.