American Eagle Outfitters (NYSE:AEO) Director Cary Mcmillan Sells 2,892 Shares

American Eagle Outfitters, Inc. (NYSE:AEO) Director Cary Mcmillan sold 2,892 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total value of $48,498.84. The sale was disclosed in a filing with the SEC, which is available through this link.

American Eagle Outfitters Trading Up 0.7%

Shares of NYSE:AEO traded up $0.12 during trading on Friday, hitting $16.80. The company had a trading volume of 2,666,505 shares, compared to its average volume of 4,475,604. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 3.64 and a beta of 1.31. American Eagle Outfitters, Inc. has a one year low of $9.58 and a one year high of $28.46. The company has a fifty day simple moving average of $16.88 and a two-hundred day simple moving average of $20.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.53.

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

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders 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 dividend on an annualized basis and a yield of 3.0%. American Eagle Outfitters’s payout ratio is 30.86%.

Institutional Trading of American Eagle Outfitters

A number of large investors have recently made changes to their positions in AEO. Royal Bank of Canada increased its stake in American Eagle Outfitters by 24.8% in the 1st quarter. Royal Bank of Canada now owns 162,243 shares of the apparel retailer’s stock worth $1,885,000 after buying an additional 32,191 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of American Eagle Outfitters by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer’s stock valued at $1,229,000 after buying an additional 4,599 shares during the period. Jones Financial Companies Lllp increased its position in American Eagle Outfitters by 1,238.2% during the 1st quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock valued at $611,000 after purchasing an additional 48,624 shares during the period. Empowered Funds LLC increased its holdings 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 valued at $185,000 after buying an additional 1,398 shares during the period. Finally, Marshall Wace LLP raised its position in shares of American Eagle Outfitters by 349.9% in the 2nd quarter. Marshall Wace LLP now owns 538,681 shares of the apparel retailer’s stock worth $5,182,000 after acquiring an additional 418,943 shares in the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on AEO. Bank of America lowered their target price on shares of American Eagle Outfitters from $20.00 to $16.00 and set an “underperform” rating for the company in a report on Friday, May 29th. Weiss Ratings lowered shares of American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 1st. TD Cowen reduced their price objective on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. JPMorgan Chase & Co. dropped their target price on American Eagle Outfitters from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. Finally, Telsey Advisory Group dropped their target price on American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday, May 29th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.91.

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.