American Eagle Outfitters, Inc. (NYSE:AEO) Director Sells $49,061.67 in Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Cary D. Mcmillan sold 2,283 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

American Eagle Outfitters Stock Performance

NYSE AEO opened at $21.21 on Friday. American Eagle Outfitters, Inc. has a twelve month low of $15.92 and a twelve month high of $26.44. The stock has a 50-day simple moving average of $20.80 and a 200 day simple moving average of $21.60. The stock has a market capitalization of $4.17 billion, a PE ratio of 19.11, a P/E/G ratio of 1.02 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm earned $0.25 EPS. American Eagle Outfitters’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts forecast that American Eagle Outfitters, Inc. will post 1.78 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

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 paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Friday, October 11th. American Eagle Outfitters’s payout ratio is 45.05%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Kathleen S. Wright Associates Inc. bought a new stake in American Eagle Outfitters during the third quarter worth about $32,000. NBC Securities Inc. acquired a new stake in shares of American Eagle Outfitters during the 1st quarter worth approximately $59,000. CWM LLC boosted its stake in shares of American Eagle Outfitters by 72.3% in the 1st quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock valued at $63,000 after purchasing an additional 1,020 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in shares of American Eagle Outfitters by 81.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,564 shares of the apparel retailer’s stock valued at $66,000 after acquiring an additional 1,148 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in American Eagle Outfitters in the 2nd quarter valued at approximately $78,000. Institutional investors own 97.33% of the company’s stock.

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.