Shares of American Eagle Outfitters Inc. (NYSE:AEO) dropped 1.9% on Thursday . The company traded as low as $18.15 and last traded at $18.18, with a volume of 1,758,431 shares. The stock had previously closed at $18.54.

AEO has been the topic of a number of analyst reports. Jefferies Group reaffirmed a “buy” rating on shares of American Eagle Outfitters in a report on Monday, August 1st. BlueFin Research reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of American Eagle Outfitters in a report on Friday, July 15th. Vetr raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $15.50 price objective on the stock in a report on Tuesday, June 21st. Nomura reaffirmed a “hold” rating on shares of American Eagle Outfitters in a report on Wednesday, July 6th. Finally, Wunderlich dropped their price objective on shares of American Eagle Outfitters from $15.50 to $13.00 and set a “hold” rating on the stock in a report on Monday, May 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $19.17.

The stock has a market capitalization of $3.34 billion and a P/E ratio of 14.64. The company has a 50-day moving average of $18.16 and a 200 day moving average of $16.17.

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 Thomson Reuters’ consensus estimate of $0.21 by $0.02. The company had revenue of $823 million for the quarter, compared to analyst estimates of $818.10 million. During the same quarter last year, the company earned $0.17 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities analysts predict that American Eagle Outfitters Inc. will post $1.31 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.50 annualized dividend and a yield of 2.72%.

In related news, COO Michael R. Rempell sold 83,141 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $18.68, for a total transaction of $1,553,073.88. Following the transaction, the chief operating officer now owns 196,868 shares in the company, valued at approximately $3,677,494.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

A hedge fund recently raised its stake in American Eagle Outfitters stock. Bank of Montreal Can increased its stake in American Eagle Outfitters Inc. (NYSE:AEO) by 44.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 737,649 shares of the apparel retailer’s stock after buying an additional 226,810 shares during the period. Bank of Montreal Can owned approximately 0.38% of American Eagle Outfitters worth $11,433,000 as of its most recent filing with the SEC.

American Eagle Outfitters, Inc (AEO Inc) is a specialty retailer, operating over 1,000 retail stores and online at and in the United States and internationally. The Company operates in the segment of American Eagle Outfitters Brand (AEO Brand) retail stores, Aerie by American Eagle Outfitters retail stores and AEO Direct.

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