Shares of American Eagle Outfitters Inc. (NYSE:AEO) were down 4.5% on Wednesday . The stock traded as low as $17.55 and last traded at $18.10, with a volume of 13,181,698 shares trading hands. The stock had previously closed at $18.96.

Several analysts have recently weighed in on AEO shares. Wunderlich upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and lifted their target price for the company from $13.00 to $22.00 in a research report on Thursday, August 11th. Vetr upgraded shares of American Eagle Outfitters from a “buy” rating to a “strong-buy” rating and set a $15.50 target price on the stock in a research report on Wednesday, May 18th. Telsey Advisory Group lifted their target price on shares of American Eagle Outfitters from $18.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday. Stifel Nicolaus decreased their target price on shares of American Eagle Outfitters from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, May 19th. Finally, JPMorgan Chase & Co. lifted their target price on shares of American Eagle Outfitters from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, May 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $18.97.

The company has a 50-day moving average of $17.40 and a 200 day moving average of $15.79. The firm has a market capitalization of $3.32 billion and a price-to-earnings ratio of 15.40.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, August 17th. The apparel retailer reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. The firm earned $823 million during the quarter, compared to analyst estimates of $818.10 million. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. On average, equities analysts forecast that American Eagle Outfitters Inc. will post $1.28 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 20th. Stockholders of record on Wednesday, July 6th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, July 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.73%.

In other news, insider Charles F. Kessler sold 4,784 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $15.85, for a total value of $75,826.40. Following the transaction, the insider now owns 19,325 shares in the company, valued at approximately $306,301.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer M. Foyle sold 13,568 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $15.72, for a total transaction of $213,288.96. Following the completion of the transaction, the insider now owns 10,532 shares in the company, valued at approximately $165,563.04. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently modified their holdings of the company. Jennison Associates LLC increased its position in shares of American Eagle Outfitters by 186.2% in the fourth quarter. Jennison Associates LLC now owns 70,375 shares of the apparel retailer’s stock worth $1,091,000 after buying an additional 45,786 shares during the period. Mutual of America Capital Management LLC increased its position in shares of American Eagle Outfitters by 1.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 122,329 shares of the apparel retailer’s stock worth $1,896,000 after buying an additional 2,072 shares during the period. Trexquant Investment LP bought a new stake in American Eagle Outfitters during the fourth quarter valued at $2,809,000. Airain ltd raised its stake in American Eagle Outfitters by 85.8% in the fourth quarter. Airain ltd now owns 193,361 shares of the apparel retailer’s stock valued at $2,997,000 after buying an additional 89,314 shares in the last quarter. Finally, Calvert Investment Management Inc. bought a new stake in American Eagle Outfitters during the fourth quarter valued at $3,435,000.

American Eagle Outfitters, Inc is an apparel and accessories retailer. The Company offers clothing, accessories and personal care products. The Company operates under the American Eagle Outfitters and aerie by American Eagle Outfitters brands. The American Eagle Outfitters brand offers denims, pants, shorts, sweaters, fleece, outerwear, graphic t-shirts, footwear and accessories.

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