American Eagle Outfitters (NYSE:AEO) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

American Eagle Outfitters (NYSE:AEO) posted its quarterly earnings data on Thursday. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03, FiscalAI reports. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. American Eagle Outfitters had a return on equity of 16.76% and a net margin of 3.49%.

American Eagle Outfitters Stock Up 2.3%

NYSE AEO traded up $0.41 during trading hours on Thursday, hitting $17.97. 12,810,150 shares of the company were exchanged, compared to its average volume of 5,529,269. The company has a 50 day moving average of $17.16 and a two-hundred day moving average of $21.12. American Eagle Outfitters has a 52-week low of $9.27 and a 52-week high of $28.46. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.22 and a beta of 1.38.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, April 10th. This represents a $0.50 annualized dividend and a yield of 2.8%. American Eagle Outfitters’s dividend payout ratio is 44.64%.

Analyst Upgrades and Downgrades

AEO has been the topic of several research analyst reports. Citigroup boosted their price objective on American Eagle Outfitters from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Needham & Company LLC began coverage on American Eagle Outfitters in a report on Thursday, March 26th. They set a “hold” rating on the stock. Wall Street Zen upgraded American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. TD Cowen cut their price target on American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Finally, Zacks Research downgraded American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.45.

Insider Activity

In other news, Director Noel Joseph Spiegel sold 2,887 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.32, for a total transaction of $50,002.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 2,887 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.23, for a total value of $49,743.01. The disclosure for this sale is available in the SEC filing. 8.95% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Kemnay Advisory Services Inc. acquired a new position in shares of American Eagle Outfitters during the 4th quarter worth about $31,000. Aster Capital Management DIFC Ltd acquired a new position in shares of American Eagle Outfitters during the 4th quarter worth about $32,000. Raymond James Financial Inc. acquired a new position in shares of American Eagle Outfitters during the 2nd quarter worth about $35,000. Federated Hermes Inc. boosted its position in shares of American Eagle Outfitters by 151.0% during the 2nd quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock worth $37,000 after acquiring an additional 2,315 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of American Eagle Outfitters by 8,432.1% during the 3rd quarter. Larson Financial Group LLC now owns 2,389 shares of the apparel retailer’s stock worth $41,000 after acquiring an additional 2,361 shares in the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.