American Eagle Outfitters, Inc. (NYSE:AEO) Insider Sells $653,700.00 in Stock

American Eagle Outfitters, Inc. (NYSE:AEO) insider Jennifer M. Foyle sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total value of $653,700.00. Following the transaction, the insider now directly owns 200,427 shares of the company’s stock, valued at approximately $4,367,304.33. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

American Eagle Outfitters Stock Up 2.4 %

Shares of NYSE:AEO opened at $22.16 on Friday. The business has a fifty day moving average of $20.81 and a two-hundred day moving average of $21.93. The stock has a market cap of $4.35 billion, a P/E ratio of 19.96, a PEG ratio of 1.01 and a beta of 1.51. American Eagle Outfitters, Inc. has a 52-week low of $15.68 and a 52-week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. On average, equities analysts anticipate that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Friday, October 11th. American Eagle Outfitters’s payout ratio is currently 45.05%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AEO shares. TD Cowen reduced their target price on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, August 30th. UBS Group dropped their price target on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 price target on shares of American Eagle Outfitters in a research report on Wednesday. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Barclays dropped their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.75.

Institutional Trading of American Eagle Outfitters

Several large investors have recently added to or reduced their stakes in AEO. Parallel Advisors LLC grew its holdings in shares of American Eagle Outfitters by 299.7% during the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 905 shares during the period. UMB Bank n.a. purchased a new position in shares of American Eagle Outfitters during the 1st quarter worth $27,000. NBC Securities Inc. purchased a new position in shares of American Eagle Outfitters during the 1st quarter worth $59,000. CWM LLC grew its holdings in shares of American Eagle Outfitters by 72.3% during the 1st quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock worth $63,000 after purchasing an additional 1,020 shares during the period. Finally, Hexagon Capital Partners LLC grew its holdings in shares of American Eagle Outfitters by 81.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,564 shares of the apparel retailer’s stock worth $66,000 after purchasing an additional 1,148 shares during the period. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

American Eagle Outfitters Company Profile

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.