American Eagle Outfitters (NYSE:AEO) Director Noel Joseph Spiegel Sells 2,892 Shares of Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Noel Joseph Spiegel sold 2,892 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total transaction of $48,527.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

American Eagle Outfitters Trading Up 2.0%

Shares of AEO stock opened at $16.64 on Friday. The firm has a 50 day moving average price of $16.88 and a two-hundred day moving average price of $20.20. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $2.79 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 3.56 and a beta of 1.31. American Eagle Outfitters, Inc. has a 12-month low of $9.58 and a 12-month high of $28.46.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company posted ($0.29) earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. As a group, analysts predict that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

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 issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, July 10th. American Eagle Outfitters’s dividend payout ratio is currently 30.86%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Marshall Wace LLP lifted its position in American Eagle Outfitters by 920.6% during the third quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock worth $94,066,000 after purchasing an additional 4,959,039 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in American Eagle Outfitters by 162.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock valued at $105,818,000 after buying an additional 3,926,230 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of American Eagle Outfitters in the 4th quarter valued at approximately $40,954,000. Lazard Asset Management LLC raised its position in shares of American Eagle Outfitters by 794.3% in the 1st quarter. Lazard Asset Management LLC now owns 1,296,011 shares of the apparel retailer’s stock valued at $21,643,000 after buying an additional 1,151,091 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of American Eagle Outfitters during the 1st quarter worth approximately $16,223,000. Institutional investors own 97.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on AEO shares. The Goldman Sachs Group set a $22.00 price objective on American Eagle Outfitters in a research report on Monday, June 1st. Wall Street Zen upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Needham & Company LLC started coverage on shares of American Eagle Outfitters in a research report on Thursday, March 26th. They set a “hold” rating on the stock. Citigroup dropped their price objective on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. Finally, TD Cowen decreased their target price 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. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $19.91.

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.