Insider Selling: American Eagle Outfitters (NYSE:AEO) Director 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 on Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total transaction of $48,498.84. The transaction was disclosed in a document filed with the SEC, which is available through this link.

American Eagle Outfitters Trading Up 2.0%

Shares of AEO opened at $16.64 on Friday. American Eagle Outfitters, Inc. has a one year low of $9.58 and a one year high of $28.46. The stock has a 50-day moving average price of $16.88 and a 200 day moving average price of $20.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.53 and a current ratio of 1.55. The company has a market capitalization of $2.79 billion, a P/E ratio of 10.27, a P/E/G ratio of 3.56 and a beta of 1.31.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the business earned ($0.29) EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. Sell-side analysts forecast that American Eagle Outfitters, Inc. will post 1.76 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

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

Wall Street Analysts Forecast Growth

AEO has been the topic of several research analyst reports. Bank of America lowered their target price on shares of American Eagle Outfitters from $20.00 to $16.00 and set an “underperform” rating on the stock in a research note on Friday, May 29th. Telsey Advisory Group reduced their price target on shares of American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a research note on Friday, May 29th. TD Cowen decreased their price objective on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a report on Monday, May 18th. UBS Group lowered their price objective on shares of American Eagle Outfitters from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. Finally, Needham & Company LLC started coverage on American Eagle Outfitters in a report on Thursday, March 26th. They set a “hold” rating on the stock. 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 company. Based on data from MarketBeat.com, American Eagle Outfitters presently has an average rating of “Hold” and an average target price of $19.91.

Institutional Trading of American Eagle Outfitters

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of American Eagle Outfitters by 12.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock valued at $158,231,000 after acquiring an additional 680,332 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in American Eagle Outfitters by 151,993.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,400 shares of the apparel retailer’s stock worth $1,725,000 after purchasing an additional 65,357 shares in the last quarter. Lakewood Capital Management LP purchased a new position in American Eagle Outfitters during the 3rd quarter worth approximately $11,051,000. Aquatic Capital Management LLC acquired a new stake in American Eagle Outfitters during the 3rd quarter valued at $4,864,000. Finally, Russell Investments Group Ltd. raised its stake in American Eagle Outfitters by 4.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,493,902 shares of the apparel retailer’s stock valued at $25,561,000 after purchasing an additional 60,442 shares during the period. 97.33% of the stock is owned by hedge funds and other institutional investors.

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.