American Eagle Outfitters (NYSE:AEO) Director Sells 3,617 Shares of Company Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Noel Spiegel sold 3,617 shares of the company’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $17.68, for a total transaction of $63,948.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Noel Joseph Spiegel also recently made the following trade(s):

• On Tuesday, July 7th, Noel Spiegel sold 2,892 shares of American Eagle Outfitters stock. The stock was sold at an average price of $16.78, for a total transaction of $48,527.76.

American Eagle Outfitters Stock Performance

NYSE AEO traded up $0.42 during trading on Monday, reaching $18.13. The company’s stock had a trading volume of 4,912,602 shares, compared to its average volume of 5,601,884. The firm has a 50 day moving average price of $16.74 and a 200 day moving average price of $17.02. American Eagle Outfitters, Inc. has a 12 month low of $14.06 and a 12 month high of $28.46. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 4.04 and a beta of 1.28. The company has a current ratio of 1.59, a quick ratio of 0.62 and a debt-to-equity ratio of 0.03.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.57. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. American Eagle Outfitters had a return on equity of 23.63% and a net margin of 5.91%.The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share. As a group, equities analysts anticipate that American Eagle Outfitters, Inc. will post 2.24 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.1250 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, October 9th. American Eagle Outfitters’s dividend payout ratio is presently 25.51%.

Hedge Funds Weigh In On American Eagle Outfitters

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in shares of American Eagle Outfitters by 31.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,870 shares of the apparel retailer’s stock worth $48,000 after purchasing an additional 694 shares during the last quarter. Swiss National Bank increased its position in American Eagle Outfitters by 0.4% in the 1st quarter. Swiss National Bank now owns 318,600 shares of the apparel retailer’s stock valued at $5,321,000 after acquiring an additional 1,400 shares during the period. Plato Investment Management Ltd acquired a new position in American Eagle Outfitters in the 2nd quarter valued at approximately $25,000. Pictet Asset Management Holding SA raised its stake in shares of American Eagle Outfitters by 8.0% during the first quarter. Pictet Asset Management Holding SA now owns 25,501 shares of the apparel retailer’s stock valued at $426,000 after acquiring an additional 1,897 shares during the last quarter. Finally, Allworth Financial LP acquired a new position in shares of American Eagle Outfitters during the second quarter worth $36,000. 97.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AEO shares. Morgan Stanley decreased their price objective on shares of American Eagle Outfitters from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 10th. Wall Street Zen raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Bank of America reiterated an “underperform” rating and issued a $16.00 price target on shares of American Eagle Outfitters in a research note on Friday, August 14th. UBS Group dropped their price objective on American Eagle Outfitters from $31.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, September 10th. Finally, Telsey Advisory Group reduced their price objective on American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating on the stock in a research note on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.55.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc is a specialty retailer focused on apparel, accessories and personal-care products. The company operates primarily through the American Eagle and Aerie brands, offering casual clothing, denim, footwear and accessories, as well as intimates, activewear and lifestyle products.

American Eagle serves teenagers and young adults, while Aerie focuses on intimates, activewear and loungewear. The company sells its products through a network of retail stores, brand websites and other digital channels in the United States and internationally.