Cary D. Mcmillan Sells 2,999 Shares of American Eagle Outfitters, Inc. (NYSE:AEO) Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

American Eagle Outfitters Price Performance

Shares of NYSE:AEO traded up $1.17 during mid-day trading on Tuesday, reaching $17.20. 7,664,129 shares of the company traded hands, compared to its average volume of 4,972,458. American Eagle Outfitters, Inc. has a 52 week low of $15.36 and a 52 week high of $26.44. The firm has a market cap of $3.30 billion, a PE ratio of 14.70, a PEG ratio of 1.01 and a beta of 1.53. The company’s 50 day moving average price is $17.32 and its 200-day moving average price is $19.42.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. On average, research analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.91%. American Eagle Outfitters’s payout ratio is 42.74%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AEO shares. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Bank of America reduced their target price on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Raymond James assumed coverage on American Eagle Outfitters in a research note on Friday, December 13th. They issued a “market perform” rating for the company. BMO Capital Markets reduced their price objective on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. dropped their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.40.

Hedge Funds Weigh In On American Eagle Outfitters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEO. Investors Research Corp grew its position in American Eagle Outfitters by 1.4% in the third quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock worth $1,035,000 after acquiring an additional 650 shares in the last quarter. Segall Bryant & Hamill LLC increased its position in shares of American Eagle Outfitters by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer’s stock valued at $1,112,000 after purchasing an additional 1,033 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in American Eagle Outfitters during the 3rd quarter valued at $32,000. Diversified Trust Co lifted its position in American Eagle Outfitters by 4.3% in the third quarter. Diversified Trust Co now owns 35,395 shares of the apparel retailer’s stock worth $792,000 after buying an additional 1,443 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in American Eagle Outfitters by 7.5% during the third quarter. Nisa Investment Advisors LLC now owns 20,840 shares of the apparel retailer’s stock worth $467,000 after buying an additional 1,446 shares during the period. 97.33% of the stock is owned by 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.