American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) insider Jennifer M. Foyle sold 16,971 shares of the business's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $25.53, for a total value of $433,269.63. Following the transaction, the insider now directly owns 226,497 shares in the company, valued at approximately $5,782,468.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
American Eagle Outfitters Stock Performance
American Eagle Outfitters stock opened at $24.37 on Friday. The company has a market capitalization of $4.80 billion, a PE ratio of 28.34, a P/E/G ratio of 1.20 and a beta of 1.59. American Eagle Outfitters, Inc. has a fifty-two week low of $9.95 and a fifty-two week high of $26.44. The company has a 50 day moving average price of $23.08 and a 200-day moving average price of $20.21.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The apparel retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.11. American Eagle Outfitters had a net margin of 3.23% and a return on equity of 17.76%. The firm had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter in the prior year, the company earned $0.37 EPS. The company's revenue was up 12.2% compared to the same quarter last year. On average, analysts forecast that American Eagle Outfitters, Inc. will post 1.71 earnings per share for the current year.
American Eagle Outfitters Dividend Announcement
4 Cryptos BETTER than Bitcoin
From True Market Insiders | Ad
Former Wall Street Insider and Professional Money Manager Reveals 4 Cryptos BETTER Than Bitcoin
Click For My #1 FREE Crypto for 2024
The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, April 11th. American Eagle Outfitters's dividend payout ratio is currently 58.14%.
American Eagle Outfitters declared that its board has initiated a stock buyback program on Thursday, February 1st that permits the company to repurchase 30,000,000 outstanding shares. This repurchase authorization permits the apparel retailer to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.
Analysts Set New Price Targets
AEO has been the topic of a number of analyst reports. Telsey Advisory Group boosted their price objective on shares of American Eagle Outfitters from $22.00 to $25.00 and gave the company a "market perform" rating in a research report on Friday, March 8th. UBS Group upped their price target on shares of American Eagle Outfitters from $27.00 to $29.00 and gave the company a "buy" rating in a report on Monday, February 26th. StockNews.com downgraded shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Tuesday. Bank of America boosted their target price on American Eagle Outfitters from $21.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, February 29th. Finally, Citigroup raised their price target on American Eagle Outfitters from $23.00 to $26.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, American Eagle Outfitters has a consensus rating of "Hold" and a consensus target price of $19.82.
Read Our Latest Report on AEO
Hedge Funds Weigh In On American Eagle Outfitters
Large investors have recently made changes to their positions in the business. Parallel Advisors LLC boosted its position in shares of American Eagle Outfitters by 299.7% in the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer's stock worth $26,000 after purchasing an additional 905 shares in the last quarter. State of Wyoming acquired a new stake in American Eagle Outfitters in the fourth quarter worth about $27,000. Hexagon Capital Partners LLC grew its stake in shares of American Eagle Outfitters by 6,980.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,416 shares of the apparel retailer's stock worth $30,000 after acquiring an additional 1,396 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in shares of American Eagle Outfitters during the third quarter valued at about $31,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of American Eagle Outfitters in the 1st quarter valued at approximately $37,000. 97.33% of the stock is owned by institutional investors and hedge funds.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
