American Eagle Outfitters (NYSE:AEO) Issues Quarterly Earnings Results

American Eagle Outfitters (NYSE:AEO) announced its quarterly earnings data on Thursday. The apparel retailer reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03, FiscalAI reports. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. American Eagle Outfitters had a return on equity of 16.76% and a net margin of 3.49%.

American Eagle Outfitters Stock Performance

Shares of AEO traded up $0.41 during trading hours on Thursday, hitting $17.97. The company had a trading volume of 12,514,356 shares, compared to its average volume of 5,520,990. The firm has a fifty day moving average price of $17.16 and a 200-day moving average price of $21.12. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 1.22 and a beta of 1.38. American Eagle Outfitters has a 52-week low of $9.27 and a 52-week high of $28.46.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, April 10th. American Eagle Outfitters’s payout ratio is currently 44.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of American Eagle Outfitters in a research report on Wednesday, March 25th. Barclays raised American Eagle Outfitters from an “underweight” rating to an “equal weight” rating and set a $19.00 price objective for the company in a research report on Wednesday, May 6th. Citigroup raised their price objective on American Eagle Outfitters from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Zacks Research lowered American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Needham & Company LLC initiated coverage on American Eagle Outfitters in a research report on Thursday, March 26th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Eagle Outfitters has a consensus rating of “Hold” and an average price target of $22.45.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,887 shares of American Eagle Outfitters stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.23, for a total value of $49,743.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Noel Joseph Spiegel sold 2,887 shares of American Eagle Outfitters stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.32, for a total value of $50,002.84. The SEC filing for this sale provides additional information. 8.95% of the stock is owned by insiders.

Hedge Funds Weigh In On American Eagle Outfitters

Hedge funds have recently bought and sold shares of the business. Kemnay Advisory Services Inc. purchased a new position in American Eagle Outfitters in the 4th quarter worth about $31,000. Aster Capital Management DIFC Ltd purchased a new position in American Eagle Outfitters in the 4th quarter worth about $32,000. Raymond James Financial Inc. purchased a new position in American Eagle Outfitters in the 2nd quarter worth about $35,000. Federated Hermes Inc. raised its position in American Eagle Outfitters by 151.0% in the 2nd quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock worth $37,000 after buying an additional 2,315 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in American Eagle Outfitters by 8,432.1% in the 3rd quarter. Larson Financial Group LLC now owns 2,389 shares of the apparel retailer’s stock worth $41,000 after buying an additional 2,361 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.