American Eagle Outfitters (NYSE:AEO) Director Sells $99,572.17 in Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director David Sable sold 5,779 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $17.23, for a total transaction of $99,572.17. Following the sale, the director owned 53,481 shares of the company’s stock, valued at approximately $921,477.63. This represents a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $17.30 on Friday. The company’s fifty day simple moving average is $17.21 and its 200-day simple moving average is $19.18. American Eagle Outfitters, Inc. has a 52 week low of $10.29 and a 52 week high of $28.46. 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 company has a market cap of $2.90 billion, a PE ratio of 10.68, a P/E/G ratio of 3.83 and a beta of 1.31.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, topping 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 firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the company earned ($0.29) EPS. The firm’s revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts anticipate that American Eagle Outfitters, Inc. will post 1.76 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.9%. American Eagle Outfitters’s dividend payout ratio is presently 30.86%.

Analysts Set New Price Targets

AEO has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target on American Eagle Outfitters from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, May 29th. Barclays dropped their price objective on shares of American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. TD Cowen decreased their target price on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Weiss Ratings downgraded shares of American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Finally, William Blair reiterated a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Two research analysts have 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 a consensus rating of “Hold” and a consensus target price of $19.91.

Hedge Funds Weigh In On American Eagle Outfitters

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of American Eagle Outfitters by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 18,398,401 shares of the apparel retailer’s stock worth $485,166,000 after buying an additional 249,158 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in American Eagle Outfitters by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,261,614 shares of the apparel retailer’s stock valued at $154,663,000 after acquiring an additional 509,326 shares during the last quarter. State Street Corp grew its holdings in American Eagle Outfitters by 0.6% during the 4th quarter. State Street Corp now owns 6,606,362 shares of the apparel retailer’s stock worth $174,210,000 after acquiring an additional 39,334 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in American Eagle Outfitters by 162.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock worth $105,818,000 after acquiring an additional 3,926,230 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of American Eagle Outfitters by 12.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock worth $158,231,000 after purchasing an additional 680,332 shares during the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

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.