American Eagle Outfitters (NYSE:AEO) Director Sells $48,527.76 in Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Noel Joseph Spiegel sold 2,892 shares of American Eagle Outfitters stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total value of $48,527.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

American Eagle Outfitters Price Performance

Shares of NYSE AEO traded up $0.12 during midday trading on Friday, hitting $16.80. 2,666,505 shares of the company’s stock were exchanged, compared to its average volume of 4,475,604. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05. The business’s fifty day moving average price is $16.88 and its two-hundred day moving average price is $20.17. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 3.67 and a beta of 1.31. American Eagle Outfitters, Inc. has a 12-month low of $9.58 and a 12-month high of $28.46.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the firm posted ($0.29) earnings per share. American Eagle Outfitters’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, research analysts forecast that American Eagle Outfitters, Inc. will post 1.76 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, July 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.0%. American Eagle Outfitters’s dividend payout ratio (DPR) is 30.86%.

Wall Street Analyst Weigh In

AEO has been the topic of a number of research analyst reports. Wall Street Zen raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings cut American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. The Goldman Sachs Group set a $22.00 price objective on American Eagle Outfitters in a research report on Monday, June 1st. Bank of America dropped their target price on American Eagle Outfitters from $20.00 to $16.00 and set an “underperform” rating for the company in a research report on Friday, May 29th. Finally, Citigroup cut their target price on American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, American Eagle Outfitters currently has an average rating of “Hold” and a consensus target price of $19.91.

Institutional Trading of American Eagle Outfitters

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB boosted its stake in shares of American Eagle Outfitters by 9.6% during the second quarter. Handelsbanken Fonder AB now owns 43,392 shares of the apparel retailer’s stock valued at $746,000 after purchasing an additional 3,800 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in shares of American Eagle Outfitters by 40.1% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 26,975 shares of the apparel retailer’s stock worth $464,000 after purchasing an additional 7,724 shares during the last quarter. Segall Bryant & Hamill LLC increased its stake in shares of American Eagle Outfitters by 51.9% in the first quarter. Segall Bryant & Hamill LLC now owns 68,669 shares of the apparel retailer’s stock worth $1,147,000 after buying an additional 23,472 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of American Eagle Outfitters by 31.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,870 shares of the apparel retailer’s stock worth $48,000 after buying an additional 694 shares during the period. Finally, California State Teachers Retirement System raised its holdings in American Eagle Outfitters by 21.7% during the 1st quarter. California State Teachers Retirement System now owns 186,745 shares of the apparel retailer’s stock valued at $3,119,000 after buying an additional 33,240 shares during the last quarter. Institutional investors own 97.33% of the company’s stock.

About American Eagle Outfitters

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.