Key Points
- Insider sale: Jennifer Foyle sold 243,047 shares at an average price of $24.30 for proceeds of $5,906,042.10, cutting her stake by 55.9% to 191,751 shares per the SEC filing.
- Quarterly beat and dividend: AEO reported Q earnings of $0.53 EPS (vs. $0.43 expected) and $1.36B revenue (vs. $1.32B expected), and announced a quarterly dividend of $0.125 ($0.50 annualized, ~2.1% yield).
- Market and analyst backdrop: Analysts’ consensus is a "Hold" with an average target of $21.10, while the stock has rallied toward its 52‑week high ($24.66), trading up about 6.6% with a P/E of 20.6 and market cap near $4.05B.
American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) insider Jennifer Foyle sold 243,047 shares of American Eagle Outfitters stock in a transaction on Friday, December 5th. The stock was sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the sale, the insider owned 191,751 shares in the company, valued at $4,659,549.30. This represents a 55.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
American Eagle Outfitters Trading Up 6.6%
Shares of AEO stock opened at $23.89 on Wednesday. The firm has a fifty day moving average of $17.74 and a 200-day moving average of $14.43. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 20.60 and a beta of 1.44. American Eagle Outfitters, Inc. has a 52-week low of $9.27 and a 52-week high of $24.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.10. American Eagle Outfitters had a net margin of 3.90% and a return on equity of 13.82%. The business had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the previous year, the firm posted $0.48 earnings per share. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts forecast that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.
American Eagle Outfitters Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, January 9th. American Eagle Outfitters's dividend payout ratio (DPR) is 43.10%.
Hedge Funds Weigh In On American Eagle Outfitters
A number of institutional investors have recently modified their holdings of AEO. Vaughan Nelson Investment Management L.P. boosted its position in shares of American Eagle Outfitters by 41.7% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,307,326 shares of the apparel retailer's stock worth $22,196,000 after purchasing an additional 678,536 shares during the last quarter. XTX Topco Ltd grew its position in shares of American Eagle Outfitters by 59.6% during the 2nd quarter. XTX Topco Ltd now owns 108,644 shares of the apparel retailer's stock worth $1,045,000 after buying an additional 40,563 shares during the period. Savant Capital LLC increased its stake in shares of American Eagle Outfitters by 170.8% in the 2nd quarter. Savant Capital LLC now owns 41,165 shares of the apparel retailer's stock valued at $396,000 after acquiring an additional 25,962 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of American Eagle Outfitters by 29.4% in the 1st quarter. Voya Investment Management LLC now owns 142,328 shares of the apparel retailer's stock valued at $1,654,000 after acquiring an additional 32,305 shares during the last quarter. Finally, Delta Investment Management LLC acquired a new stake in shares of American Eagle Outfitters in the 2nd quarter valued at approximately $144,000. 97.33% of the stock is owned by institutional investors.
Analysts Set New Price Targets
AEO has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded American Eagle Outfitters from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $14.00 to $20.00 in a research note on Wednesday, December 3rd. Morgan Stanley set a $23.00 target price on shares of American Eagle Outfitters in a report on Wednesday, December 3rd. BTIG Research started coverage on shares of American Eagle Outfitters in a report on Thursday, September 18th. They set a "neutral" rating for the company. Barclays boosted their price target on shares of American Eagle Outfitters from $14.00 to $20.00 and gave the company an "underweight" rating in a research report on Wednesday, December 3rd. Finally, UBS Group raised their price objective on shares of American Eagle Outfitters from $22.00 to $31.00 and gave the stock a "buy" rating in a report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $21.10.
View Our Latest Research Report on American Eagle Outfitters
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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