American Eagle Outfitters (NYSE:AEO) Director Cary Mcmillan Sells 3,617 Shares of Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Cary Mcmillan sold 3,617 shares of the business’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $18.20, for a total value of $65,829.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

American Eagle Outfitters Stock Performance

AEO traded down $0.23 on Wednesday, reaching $17.66. The stock had a trading volume of 3,870,053 shares, compared to its average volume of 5,589,771. The business’s 50-day moving average price is $16.74 and its two-hundred day moving average price is $17.03. The company has a market cap of $2.96 billion, a P/E ratio of 9.01, a price-to-earnings-growth ratio of 4.13 and a beta of 1.28. American Eagle Outfitters, Inc. has a 12-month low of $14.06 and a 12-month high of $28.46. The company has a current ratio of 1.59, a quick ratio of 0.62 and a debt-to-equity ratio of 0.03.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.57. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. American Eagle Outfitters had a return on equity of 23.63% and a net margin of 5.91%.The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. Sell-side analysts forecast that American Eagle Outfitters, Inc. will post 2.24 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Friday, October 9th will be issued a $0.1250 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 9th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 25.51%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in American Eagle Outfitters in the second quarter valued at approximately $458,632,000. Dimensional Fund Advisors LP increased its position in American Eagle Outfitters by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,261,614 shares of the apparel retailer’s stock valued at $154,663,000 after acquiring an additional 509,326 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of American Eagle Outfitters by 162.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock worth $105,818,000 after purchasing an additional 3,926,230 shares during the period. Nykredit A S acquired a new stake in shares of American Eagle Outfitters in the 2nd quarter worth $46,023,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of American Eagle Outfitters during the 2nd quarter worth approximately $27,637,000. 97.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AEO has been the topic of several recent analyst reports. Telsey Advisory Group decreased their target price on shares of American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating on the stock in a report on Thursday, September 10th. William Blair restated a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Zacks Research raised shares of American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 9th. JPMorgan Chase & Co. upped their price objective on American Eagle Outfitters from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, August 18th. Finally, Morgan Stanley lowered their price objective on American Eagle Outfitters from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.55.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc is a specialty retailer focused on apparel, accessories and personal-care products. The company operates primarily through the American Eagle and Aerie brands, offering casual clothing, denim, footwear and accessories, as well as intimates, activewear and lifestyle products.

American Eagle serves teenagers and young adults, while Aerie focuses on intimates, activewear and loungewear. The company sells its products through a network of retail stores, brand websites and other digital channels in the United States and internationally.