Noel Joseph Spiegel Sells 1,896 Shares of American Eagle Outfitters (NYSE:AEO) Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Noel Joseph Spiegel sold 1,896 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total transaction of $48,651.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

American Eagle Outfitters Trading Down 4.1%

NYSE:AEO opened at $24.10 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $4.09 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 7.82 and a beta of 1.39. The firm’s 50 day moving average is $24.36 and its 200 day moving average is $18.15. American Eagle Outfitters, Inc. has a 12 month low of $9.27 and a 12 month high of $28.46.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.10. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the company earned $0.48 earnings per share. American Eagle Outfitters’s revenue was up 2.9% compared to the same quarter last year. Sell-side analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $0.50 annualized dividend and a yield of 2.1%. American Eagle Outfitters’s dividend payout ratio (DPR) is 43.10%.

Institutional Trading of American Eagle Outfitters

Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of American Eagle Outfitters by 5.1% during the 3rd quarter. American Century Companies Inc. now owns 6,649,952 shares of the apparel retailer’s stock valued at $113,781,000 after purchasing an additional 320,750 shares in the last quarter. Marshall Wace LLP boosted its stake in American Eagle Outfitters by 920.6% during the third quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock valued at $94,066,000 after buying an additional 4,959,039 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in American Eagle Outfitters by 41.7% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,307,326 shares of the apparel retailer’s stock worth $22,196,000 after buying an additional 678,536 shares in the last quarter. Russell Investments Group Ltd. grew its position in American Eagle Outfitters by 4.2% during the third quarter. Russell Investments Group Ltd. now owns 1,493,902 shares of the apparel retailer’s stock worth $25,561,000 after buying an additional 60,442 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in American Eagle Outfitters in the 3rd quarter worth about $23,395,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. TD Cowen reiterated a “hold” rating on shares of American Eagle Outfitters in a research report on Wednesday, December 3rd. Bank of America upped their price target on shares of American Eagle Outfitters from $11.00 to $18.00 and gave the company an “underperform” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada set a $23.00 price objective on shares of American Eagle Outfitters in a report on Wednesday, December 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of American Eagle Outfitters in a research note on Wednesday, October 8th. Finally, Morgan Stanley set a $23.00 target price on American Eagle Outfitters in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.45.

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.