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 firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.

American Eagle Outfitters Trading Down 1.4 %

Shares of NYSE:AEO traded down $0.30 during mid-day trading on Friday, reaching $21.20. The stock had a trading volume of 2,256,982 shares, compared to its average volume of 4,555,206. American Eagle Outfitters, Inc. has a 1 year low of $15.92 and a 1 year high of $26.44. The business’s 50 day moving average price is $20.80 and its 200 day moving average price is $21.63. The company has a market cap of $4.16 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $1.29 billion for 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 company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Analysts predict that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.36%. American Eagle Outfitters’s payout ratio is 45.05%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AEO. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price target on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd. TD Cowen cut their price objective on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Barclays cut their price objective on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Finally, UBS Group cut their price objective 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.75.

Institutional Trading of American Eagle Outfitters

Institutional investors have recently made changes to their positions in the business. Kathleen S. Wright Associates Inc. purchased a new position in shares of American Eagle Outfitters in the 3rd quarter valued at about $32,000. NBC Securities Inc. acquired a new position in shares of American Eagle Outfitters during the 1st quarter worth approximately $59,000. CWM LLC boosted 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 last quarter. Hexagon Capital Partners LLC boosted 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 last quarter. Finally, Innealta Capital LLC acquired a new position in shares of American Eagle Outfitters during the 2nd quarter worth approximately $78,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

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.