Cary Mcmillan Sells 1,896 Shares of American Eagle Outfitters (NYSE:AEO) Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Cary Mcmillan sold 1,896 shares of the stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $26.21, for a total value of $49,694.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

American Eagle Outfitters Price Performance

American Eagle Outfitters stock traded up $0.13 during midday trading on Thursday, hitting $25.81. The company’s stock had a trading volume of 6,016,573 shares, compared to its average volume of 5,672,599. American Eagle Outfitters, Inc. has a 12 month low of $9.27 and a 12 month high of $28.46. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $4.38 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 8.35 and a beta of 1.39. The stock’s 50-day moving average price is $23.43 and its 200-day moving average price is $17.46.

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

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, January 9th. American Eagle Outfitters’s payout ratio is presently 43.10%.

Hedge Funds Weigh In On American Eagle Outfitters

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in American Eagle Outfitters by 24.8% in the first quarter. Royal Bank of Canada now owns 162,243 shares of the apparel retailer’s stock worth $1,885,000 after acquiring an additional 32,191 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of American Eagle Outfitters by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer’s stock valued at $1,229,000 after purchasing an additional 4,599 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in American Eagle Outfitters by 1,238.2% in the first quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock worth $611,000 after purchasing an additional 48,624 shares in the last quarter. Empowered Funds LLC increased its position in American Eagle Outfitters by 9.6% during the first quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock worth $185,000 after buying an additional 1,398 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in American Eagle Outfitters by 29.4% during the first quarter. Voya Investment Management LLC now owns 142,328 shares of the apparel retailer’s stock valued at $1,654,000 after buying an additional 32,305 shares in the last quarter. Institutional investors own 97.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AEO shares. Bank of America boosted their price target on shares of American Eagle Outfitters from $11.00 to $18.00 and gave the company an “underperform” rating in a report on Wednesday, December 3rd. Royal Bank Of Canada set a $23.00 price target on American Eagle Outfitters in a report on Wednesday, December 3rd. The Goldman Sachs Group started coverage on American Eagle Outfitters in a research note on Thursday, December 11th. They issued a “neutral” rating and a $25.00 price objective for the company. Zacks Research upgraded American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Finally, UBS Group upped their target price on American Eagle Outfitters from $31.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.