American Eagle Outfitters (NYSE:AEO) Insider Sells $5,906,042.10 in Stock

American Eagle Outfitters, Inc. (NYSE:AEO) insider Jennifer Foyle sold 243,047 shares of the stock in a transaction 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 sale, the insider owned 191,751 shares in the company, valued at approximately $4,659,549.30. This represents a 55.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

American Eagle Outfitters Price Performance

NYSE AEO traded up $1.47 during trading on Tuesday, reaching $23.89. The company’s stock had a trading volume of 9,440,820 shares, compared to its average volume of 9,122,772. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.63 and a quick ratio of 0.59. American Eagle Outfitters, Inc. has a one year low of $9.27 and a one year high of $24.66. The stock has a market capitalization of $4.05 billion, a PE ratio of 20.60 and a beta of 1.44. The firm has a fifty day moving average of $17.61 and a 200 day moving average of $14.34.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.32 billion. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.American Eagle Outfitters’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.48 EPS. Analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, January 9th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 43.10%.

Analysts Set New Price Targets

AEO has been the subject of several recent research reports. Zacks Research raised American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Eagle Outfitters in a report on Wednesday, October 8th. Citigroup upped their price target on shares of American Eagle Outfitters from $18.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Morgan Stanley set a $23.00 target price on American Eagle Outfitters in a report on Wednesday, December 3rd. Finally, Wall Street Zen raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $21.10.

Institutional Investors Weigh In On American Eagle Outfitters

Several large investors have recently modified their holdings of AEO. Strategic Investment Solutions Inc. IL raised its stake in 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 valued at $26,000 after buying an additional 500 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of American Eagle Outfitters during the 3rd quarter valued at about $297,000. Caitong International Asset Management Co. Ltd lifted its holdings in American Eagle Outfitters by 68.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 3,116 shares of the apparel retailer’s stock valued at $53,000 after acquiring an additional 1,270 shares during the period. Oberweis Asset Management Inc. acquired a new position in shares of American Eagle Outfitters in the 3rd quarter valued at $8,281,000. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of American Eagle Outfitters in the 3rd quarter valued at about $188,000. Institutional investors own 97.33% of the company’s stock.

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.