American Eagle Outfitters (NYSE:AEO) Stock: Insider Cary Mcmillan Sells 3,617 Shares

American Eagle Outfitters, Inc. (NYSE:AEO) Director Cary Mcmillan sold 3,617 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $18.20, for a total transaction of $65,829.40. The transaction was disclosed in a document filed with the SEC, which is available through this link.

American Eagle Outfitters Trading Up 1.9%

AEO opened at $17.99 on Friday. American Eagle Outfitters, Inc. has a 12-month low of $14.06 and a 12-month high of $28.46. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.59 and a quick ratio of 0.62. The stock has a market capitalization of $3.01 billion, a PE ratio of 9.18, a P/E/G ratio of 4.03 and a beta of 1.28. The firm’s fifty day moving average price is $16.76 and its 200 day moving average price is $17.04.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.57. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. American Eagle Outfitters had a net margin of 5.91% and a return on equity of 23.63%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $0.45 EPS. As a group, research analysts expect that American Eagle Outfitters, Inc. will post 2.24 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Friday, October 9th will be paid a $0.1250 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, October 9th. American Eagle Outfitters’s dividend payout ratio (DPR) is 25.51%.

Institutional Investors Weigh In On American Eagle Outfitters

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of American Eagle Outfitters during the second quarter worth about $458,632,000. Dimensional Fund Advisors LP increased its holdings in shares of American Eagle Outfitters by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,261,614 shares of the apparel retailer’s stock worth $154,663,000 after acquiring an additional 509,326 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in American Eagle Outfitters by 162.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock valued at $105,818,000 after purchasing an additional 3,926,230 shares during the last quarter. Nykredit A S acquired a new position in American Eagle Outfitters during the 2nd quarter valued at about $46,023,000. Finally, Bank of New York Mellon Corp acquired a new position in American Eagle Outfitters during the 2nd quarter valued at about $27,637,000. 97.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AEO has been the topic of a number of research analyst reports. Bank of America reaffirmed an “underperform” rating and set a $16.00 target price on shares of American Eagle Outfitters in a report on Friday, August 14th. Barclays dropped their price target on American Eagle Outfitters from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 10th. William Blair restated a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. Zacks Research raised shares of American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 9th. Finally, BMO Capital Markets boosted their target price on shares of American Eagle Outfitters from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.55.

About American Eagle Outfitters

American Eagle Outfitters, Inc is a specialty retailer focused on apparel, accessories and personal-care products. The company operates primarily through the American Eagle and Aerie brands, offering casual clothing, denim, footwear and accessories, as well as intimates, activewear and lifestyle products.

American Eagle serves teenagers and young adults, while Aerie focuses on intimates, activewear and loungewear. The company sells its products through a network of retail stores, brand websites and other digital channels in the United States and internationally.