American Eagle Outfitters (NYSE:AEO) Director Sells $48,498.84 in Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Cary Mcmillan sold 2,892 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total value of $48,498.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

American Eagle Outfitters Stock Down 0.0%

Shares of AEO opened at $16.80 on Monday. The company’s 50-day moving average price is $16.88 and its 200 day moving average price is $20.12. American Eagle Outfitters, Inc. has a 12-month low of $9.58 and a 12-month high of $28.46. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05. The firm has a market cap of $2.82 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 3.67 and a beta of 1.31.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm posted ($0.29) earnings per share. American Eagle Outfitters’s revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts forecast that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.0%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 30.86%.

Hedge Funds Weigh In On American Eagle Outfitters

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in shares of American Eagle Outfitters by 24.8% during the first quarter. Royal Bank of Canada now owns 162,243 shares of the apparel retailer’s stock worth $1,885,000 after acquiring an additional 32,191 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in American Eagle Outfitters by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer’s stock valued at $1,229,000 after purchasing an additional 4,599 shares during the period. Jones Financial Companies Lllp boosted its holdings in American Eagle Outfitters by 1,238.2% in the first quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock valued at $611,000 after purchasing an additional 48,624 shares during the period. Empowered Funds LLC grew its stake in American Eagle Outfitters by 9.6% during the 1st quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock worth $185,000 after purchasing an additional 1,398 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in American Eagle Outfitters by 349.9% during the 2nd quarter. Marshall Wace LLP now owns 538,681 shares of the apparel retailer’s stock worth $5,182,000 after purchasing an additional 418,943 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AEO. Needham & Company LLC initiated coverage on American Eagle Outfitters in a research report on Thursday, March 26th. They issued a “hold” rating on the stock. Wall Street Zen cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings downgraded American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. The Goldman Sachs Group set a $22.00 target price on American Eagle Outfitters in a report on Monday, June 1st. Finally, Barclays dropped their target price on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.91.

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.