American Eagle Outfitters (NYSE:AEO) Announces Earnings Results, Beats Estimates By $0.10 EPS

American Eagle Outfitters (NYSE:AEO) posted its quarterly earnings data on Tuesday. The apparel retailer reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.10, Zacks reports. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.32 billion. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. American Eagle Outfitters’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 earnings per share.

American Eagle Outfitters Trading Down 1.9%

Shares of AEO stock opened at $20.85 on Wednesday. American Eagle Outfitters has a twelve month low of $9.27 and a twelve month high of $21.44. The stock’s fifty day simple moving average is $17.15 and its 200 day simple moving average is $14.00. The company has a quick ratio of 0.71, a current ratio of 1.62 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.53 billion, a P/E ratio of 20.05 and a beta of 1.44.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 29th. Investors of record on Friday, October 10th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.4%. American Eagle Outfitters’s dividend payout ratio (DPR) is 48.08%.

Insider Transactions at American Eagle Outfitters

In related news, insider Jennifer M. Foyle sold 54,950 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $18.14, for a total value of $996,793.00. Following the completion of the transaction, the insider owned 221,107 shares in the company, valued at $4,010,880.98. This trade represents a 19.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Noel Joseph Spiegel sold 40,000 shares of American Eagle Outfitters stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $18.12, for a total transaction of $724,800.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 138,766 shares of company stock valued at $2,515,354. 8.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American Eagle Outfitters

Several large investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of American Eagle Outfitters during the second quarter worth $35,000. Federated Hermes Inc. raised its position in 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 purchasing an additional 2,315 shares during the last quarter. Larson Financial Group LLC lifted its holdings in 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 buying an additional 2,361 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in American Eagle Outfitters by 1,655.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,475 shares of the apparel retailer’s stock worth $42,000 after buying an additional 2,334 shares during the period. Finally, Wexford Capital LP bought a new stake in shares of American Eagle Outfitters in the 3rd quarter valued at about $43,000. Institutional investors own 97.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on AEO shares. Weiss Ratings restated a “hold (c)” rating on shares of American Eagle Outfitters in a research report on Wednesday, October 8th. Telsey Advisory Group reissued a “market perform” rating and issued a $18.00 price objective on shares of American Eagle Outfitters in a research note on Tuesday, November 25th. Jefferies Financial Group boosted their price objective on shares of American Eagle Outfitters from $11.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, September 4th. Morgan Stanley raised their target price on American Eagle Outfitters from $10.00 to $17.00 and gave the company an “equal weight” rating in a report on Thursday, September 18th. Finally, Barclays reiterated an “underweight” rating on shares of American Eagle Outfitters in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.11.

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.