American Eagle Outfitters (NYSE:AEO) Director Cary Mcmillan Sells 2,945 Shares

American Eagle Outfitters, Inc. (NYSE:AEO) Director Cary Mcmillan sold 2,945 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $16.95, for a total transaction of $49,917.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $15.44 on Wednesday. The firm’s 50 day simple moving average is $15.25 and its 200-day simple moving average is $12.30. The company has a market cap of $2.61 billion, a P/E ratio of 14.85 and a beta of 1.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.62 and a quick ratio of 0.71. American Eagle Outfitters, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $21.74.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.25. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.23 billion. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. As a group, equities research analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Friday, October 10th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, October 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is 48.08%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. BTIG Research assumed coverage on shares of American Eagle Outfitters in a report on Thursday, September 18th. They set a “neutral” rating for the company. Jefferies Financial Group raised their price target on shares of American Eagle Outfitters from $11.00 to $17.00 and gave the stock a “hold” rating in a report on Thursday, September 4th. UBS Group raised their price target on shares of American Eagle Outfitters from $19.00 to $21.50 and gave the stock a “buy” rating in a report on Thursday, September 4th. Wall Street Zen upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Citigroup raised their price target on shares of American Eagle Outfitters from $11.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 4th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $14.72.

Institutional Trading of American Eagle Outfitters

A number of institutional investors have recently added to or reduced their stakes in AEO. GAMMA Investing LLC lifted its stake in American Eagle Outfitters by 380.4% in the first quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer’s stock valued at $27,000 after acquiring an additional 1,841 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in American Eagle Outfitters in the second quarter valued at approximately $35,000. Federated Hermes Inc. lifted its stake in American Eagle Outfitters by 151.0% in the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock valued at $37,000 after acquiring an additional 2,315 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in American Eagle Outfitters by 38.7% in the first quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer’s stock valued at $48,000 after acquiring an additional 1,165 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in American Eagle Outfitters by 220.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 5,843 shares of the apparel retailer’s stock valued at $58,000 after acquiring an additional 4,020 shares during the last quarter. 97.33% of the stock is currently owned by institutional investors and hedge funds.

American Eagle Outfitters Company Profile

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.