American Eagle Outfitters, Inc. (NYSE:AEO) CEO Jay L. Schottenstein Sells 999,999 Shares

American Eagle Outfitters, Inc. (NYSE:AEO) CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.04, for a total value of $20,039,979.96. Following the transaction, the chief executive officer now directly owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

American Eagle Outfitters Stock Up 0.9 %

AEO stock opened at $20.68 on Thursday. American Eagle Outfitters, Inc. has a twelve month low of $15.19 and a twelve month high of $26.44. The company has a market cap of $3.97 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.01 and a beta of 1.50. The business’s 50-day simple moving average is $20.66 and its 200 day simple moving average is $21.97.

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

American Eagle Outfitters Dividend Announcement

The firm also recently declared 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 2.42%. The ex-dividend date is Friday, October 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 45.05%.

Hedge Funds Weigh In On American Eagle Outfitters

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC increased its stake in American Eagle Outfitters by 299.7% in the fourth quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock valued at $26,000 after acquiring an additional 905 shares during the period. UMB Bank n.a. acquired a new position in shares of American Eagle Outfitters in the 1st quarter worth approximately $27,000. Nomura Asset Management Co. Ltd. lifted its position in shares of American Eagle Outfitters by 40.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock worth $44,000 after buying an additional 600 shares during the period. NBC Securities Inc. bought a new stake in American Eagle Outfitters in the first quarter valued at $59,000. Finally, CWM LLC raised its stake in American Eagle Outfitters by 72.3% during the first quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock worth $63,000 after acquiring an additional 1,020 shares in the last quarter. 97.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on AEO shares. Telsey Advisory Group reiterated a “market perform” rating and set a $25.00 price target on shares of American Eagle Outfitters in a report on Thursday, August 29th. Morgan Stanley lowered their target price on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Thursday, May 30th. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. UBS Group lowered their price target on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Barclays cut their price objective 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, American Eagle Outfitters currently has an average rating of “Hold” and a consensus target price of $26.00.

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.