Insider Selling: American Eagle Outfitters (NYSE:AEO) Director Sells $65,829.40 in Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Cary Mcmillan sold 3,617 shares of American Eagle Outfitters stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $18.20, for a total value of $65,829.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

American Eagle Outfitters Price Performance

Shares of NYSE AEO opened at $18.11 on Friday. The stock has a market cap of $3.04 billion, a P/E ratio of 9.24, a P/E/G ratio of 4.10 and a beta of 1.28. American Eagle Outfitters, Inc. has a twelve month low of $14.06 and a twelve month high of $28.46. The stock has a 50 day moving average of $16.78 and a two-hundred day moving average of $17.04. The company has a current ratio of 1.59, a quick ratio of 0.62 and a debt-to-equity ratio of 0.03.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.57. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. American Eagle Outfitters had a net margin of 5.91% and a return on equity of 23.63%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. On average, research analysts forecast that American Eagle Outfitters, Inc. will post 2.24 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Friday, October 9th will be paid a dividend of $0.1250 per share. The ex-dividend date is Friday, October 9th. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. American Eagle Outfitters’s dividend payout ratio is 25.51%.

Hedge Funds Weigh In On American Eagle Outfitters

Large investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board acquired a new position in shares of American Eagle Outfitters during the 2nd quarter worth approximately $7,518,000. Man Group plc acquired a new position in American Eagle Outfitters in the 2nd quarter valued at about $5,316,000. Bank of America Corp DE purchased a new position in American Eagle Outfitters in the 2nd quarter valued at about $9,336,000. NFJ Investment Group LLC purchased a new position in American Eagle Outfitters in the 2nd quarter valued at about $10,962,000. Finally, Nykredit A S acquired a new stake in shares of American Eagle Outfitters during the 2nd quarter worth about $33,253,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AEO. Weiss Ratings raised American Eagle Outfitters from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Telsey Advisory Group lowered their price objective on shares of American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating on the stock in a research report on Thursday, September 10th. Barclays dropped their price objective on shares of American Eagle Outfitters from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 10th. Bank of America restated an “underperform” rating and set a $16.00 price objective on shares of American Eagle Outfitters in a research report on Friday, August 14th. Finally, Morgan Stanley reduced their target price on shares of American Eagle Outfitters from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, American Eagle Outfitters has an average rating of “Hold” and a consensus price target of $19.55.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc is a specialty retailer focused on apparel, accessories and personal-care products. The company operates primarily through the American Eagle and Aerie brands, offering casual clothing, denim, footwear and accessories, as well as intimates, activewear and lifestyle products.

American Eagle serves teenagers and young adults, while Aerie focuses on intimates, activewear and loungewear. The company sells its products through a network of retail stores, brand websites and other digital channels in the United States and internationally.