American Eagle Outfitters, Inc. (NYSE:AEO) Director Sells $405,976.80 in Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director David M. Sable sold 18,420 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $22.04, for a total transaction of $405,976.80. Following the completion of the transaction, the director now owns 39,356 shares of the company’s stock, valued at $867,406.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

American Eagle Outfitters Trading Up 0.9 %

NYSE:AEO opened at $22.10 on Thursday. American Eagle Outfitters, Inc. has a 12 month low of $15.68 and a 12 month high of $26.44. The company has a 50 day simple moving average of $20.79 and a two-hundred day simple moving average of $21.94. The company has a market cap of $4.34 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 1.01 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the firm posted $0.25 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Research analysts forecast that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Friday, October 11th. American Eagle Outfitters’s payout ratio is 45.05%.

Analyst Ratings Changes

A number of brokerages recently weighed in on AEO. UBS Group decreased their price objective on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, August 30th. Barclays decreased their price objective on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, August 30th. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. TD Cowen decreased their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 target price on shares of American Eagle Outfitters in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $25.75.

Institutional Investors Weigh In On American Eagle Outfitters

A number of hedge funds have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. grew its position in shares of American Eagle Outfitters by 40.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock valued at $44,000 after acquiring an additional 600 shares during the period. Parallel Advisors LLC grew its position in shares of American Eagle Outfitters by 299.7% during the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock valued at $26,000 after acquiring an additional 905 shares during the period. Arizona State Retirement System boosted its holdings in American Eagle Outfitters by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock worth $1,049,000 after buying an additional 963 shares during the period. Louisiana State Employees Retirement System boosted its holdings in American Eagle Outfitters by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock worth $1,856,000 after buying an additional 1,000 shares during the period. Finally, CWM LLC boosted its holdings in American Eagle Outfitters by 72.3% in the 1st quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock worth $63,000 after buying an additional 1,020 shares during the period. Institutional investors own 97.33% of the company’s stock.

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.