American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
American Eagle Outfitters Stock Performance
Shares of AEO opened at $21.20 on Friday. American Eagle Outfitters, Inc. has a fifty-two week low of $15.92 and a fifty-two week high of $26.44. The business has a 50-day moving average of $20.80 and a 200 day moving average of $21.63. The firm has a market cap of $4.16 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. As a group, research analysts predict that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current fiscal year.
American Eagle Outfitters Announces Dividend
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, October 11th. American Eagle Outfitters's payout ratio is currently 45.05%.
Analysts Set New Price Targets
Several brokerages have recently commented on AEO. Barclays lowered their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an "overweight" rating for the company in a report on Friday, August 30th. StockNews.com cut shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. UBS Group cut their target price on American Eagle Outfitters from $35.00 to $34.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $23.00 price target on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd. Finally, TD Cowen cut their price objective on American Eagle Outfitters from $25.00 to $23.00 and set a "hold" rating on the stock in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $25.75.
View Our Latest Analysis on American Eagle Outfitters
Hedge Funds Weigh In On American Eagle Outfitters
Hedge funds have recently made changes to their positions in the stock. Kathleen S. Wright Associates Inc. purchased a new stake in American Eagle Outfitters during the 3rd quarter worth about $32,000. NBC Securities Inc. purchased a new stake in shares of American Eagle Outfitters in the first quarter worth about $59,000. CWM LLC boosted its position in shares of American Eagle Outfitters by 72.3% in the first quarter. CWM LLC now owns 2,431 shares of the apparel retailer's stock valued at $63,000 after acquiring an additional 1,020 shares during the period. Hexagon Capital Partners LLC grew its stake in American Eagle Outfitters by 81.1% during the first quarter. Hexagon Capital Partners LLC now owns 2,564 shares of the apparel retailer's stock valued at $66,000 after acquiring an additional 1,148 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in American Eagle Outfitters during the 2nd quarter worth approximately $78,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.
About American Eagle Outfitters
(
Get Free Report)
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.
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