Insider Selling: American Eagle Outfitters, Inc. (NYSE:AEO) Director Sells 2,283 Shares of Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Cary D. Mcmillan sold 2,283 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

American Eagle Outfitters Stock Down 1.3 %

American Eagle Outfitters stock opened at $21.21 on Monday. American Eagle Outfitters, Inc. has a 12-month low of $15.92 and a 12-month high of $26.44. The stock has a 50-day simple moving average of $20.80 and a 200 day simple moving average of $21.60. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 1.02 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. American Eagle Outfitters’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 earnings per share. As a group, sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.78 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.36%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 45.05%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AEO. UBS Group decreased their target price on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. TD Cowen decreased their target price on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, August 30th. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price objective on shares of American Eagle Outfitters in a report on Wednesday, October 2nd. Finally, Barclays lowered their price target on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.75.

Hedge Funds Weigh In On American Eagle Outfitters

Several large investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in American Eagle Outfitters by 1,050.5% during the 4th quarter. Wellington Management Group LLP now owns 2,681,465 shares of the apparel retailer’s stock valued at $56,740,000 after purchasing an additional 2,448,400 shares during the period. Jupiter Asset Management Ltd. bought a new position in American Eagle Outfitters in the first quarter valued at approximately $61,315,000. Victory Capital Management Inc. boosted its stake in American Eagle Outfitters by 165.4% in the second quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock valued at $62,034,000 after acquiring an additional 1,936,938 shares during the last quarter. Principal Financial Group Inc. grew its holdings in American Eagle Outfitters by 179.1% during the 2nd quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock worth $53,722,000 after acquiring an additional 1,726,982 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of American Eagle Outfitters by 62.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,233,659 shares of the apparel retailer’s stock valued at $47,264,000 after acquiring an additional 860,578 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.