Insider Selling: American Eagle Outfitters, Inc. (NYSE:AEO) Director Sells $48,043.98 in Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Cary D. Mcmillan sold 2,999 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

American Eagle Outfitters Stock Up 0.9 %

AEO opened at $17.33 on Friday. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 1.09 and a beta of 1.53. The company’s 50-day moving average price is $17.26 and its two-hundred day moving average price is $19.38. American Eagle Outfitters, Inc. has a twelve month low of $15.36 and a twelve month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the business posted $0.49 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. As a group, sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.88%. American Eagle Outfitters’s dividend payout ratio is presently 42.74%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Morgan Stanley raised shares of American Eagle Outfitters from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $15.00 to $16.00 in a research report on Tuesday. StockNews.com raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Wednesday. Raymond James started coverage on American Eagle Outfitters in a research report on Friday, December 13th. They issued a “market perform” rating for the company. Telsey Advisory Group cut their price objective on shares of American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. Finally, BMO Capital Markets reduced their target price on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $21.40.

Institutional Trading of American Eagle Outfitters

Several hedge funds and other institutional investors have recently modified their holdings of AEO. Hantz Financial Services Inc. boosted its holdings in American Eagle Outfitters by 511.9% in the 4th quarter. Hantz Financial Services Inc. now owns 430,860 shares of the apparel retailer’s stock worth $7,182,000 after buying an additional 360,447 shares during the period. Mount Yale Investment Advisors LLC boosted its holdings in shares of American Eagle Outfitters by 37.0% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 12,209 shares of the apparel retailer’s stock worth $204,000 after acquiring an additional 3,300 shares during the period. KBC Group NV boosted its holdings in shares of American Eagle Outfitters by 35.1% in the fourth quarter. KBC Group NV now owns 14,120 shares of the apparel retailer’s stock worth $235,000 after acquiring an additional 3,668 shares during the period. Blue Trust Inc. grew its position in shares of American Eagle Outfitters by 95.7% in the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after purchasing an additional 937 shares in the last quarter. Finally, Park Place Capital Corp bought a new stake in shares of American Eagle Outfitters during the 4th quarter valued at $45,000. Institutional investors own 97.33% of the company’s stock.

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.