Key Points
- Insider sale: Director Noel Joseph Spiegel sold 1,896 shares on Jan. 21 at an average price of $25.66 for total proceeds of $48,651.36, according to an SEC filing.
- EPS beat: American Eagle reported quarterly EPS of $0.53 versus estimates of $0.43 and revenue of $1.36 billion (up 2.9% year-over-year), beating consensus on both metrics.
- Dividend and market view: The company paid a $0.125 quarterly dividend (annualized $0.50, 2.1% yield), the stock opened at $24.10 (12‑month range $9.27–$28.46), and analysts' consensus is a "Hold" with an average target of $22.45.
American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) Director Noel Joseph Spiegel sold 1,896 shares of the firm's stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total transaction of $48,651.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
American Eagle Outfitters Stock Down 4.1%
American Eagle Outfitters stock opened at $24.10 on Friday. The firm has a market capitalization of $4.09 billion, a P/E ratio of 20.78, a P/E/G ratio of 8.15 and a beta of 1.39. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13. American Eagle Outfitters, Inc. has a twelve month low of $9.27 and a twelve month high of $28.46. The stock's fifty day simple moving average is $24.36 and its 200-day simple moving average is $18.09.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.10. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the business posted $0.48 earnings per share. American Eagle Outfitters's revenue was up 2.9% compared to the same quarter last year. As a group, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.1%. American Eagle Outfitters's payout ratio is currently 43.10%.
Hedge Funds Weigh In On American Eagle Outfitters
Large investors have recently bought and sold shares of the stock. Marshall Wace LLP increased its position in shares of 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 in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of American Eagle Outfitters in the 3rd quarter valued at about $23,395,000. Kinetic Partners Management LP purchased a new position in American Eagle Outfitters during the 3rd quarter worth approximately $14,618,000. Vaughan Nelson Investment Management L.P. increased its position in American Eagle Outfitters by 41.7% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,307,326 shares of the apparel retailer's stock worth $22,196,000 after buying an additional 678,536 shares during the period. Finally, Jump Financial LLC increased its position in American Eagle Outfitters by 517.1% during the second quarter. Jump Financial LLC now owns 795,386 shares of the apparel retailer's stock worth $7,652,000 after buying an additional 666,492 shares during the period. Institutional investors and hedge funds own 97.33% of the company's stock.
Analysts Set New Price Targets
AEO has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of American Eagle Outfitters from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $14.00 to $20.00 in a research note on Wednesday, December 3rd. The Goldman Sachs Group started coverage on shares of American Eagle Outfitters in a research report on Thursday, December 11th. They set a "neutral" rating and a $25.00 price objective for the company. UBS Group boosted their target price on shares of American Eagle Outfitters from $31.00 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, January 8th. Bank of America raised their price target on American Eagle Outfitters from $11.00 to $18.00 and gave the company an "underperform" rating in a research note on Wednesday, December 3rd. Finally, Citigroup upped their price objective on American Eagle Outfitters from $18.00 to $23.00 and gave the stock a "neutral" rating in a research 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $22.45.
View Our Latest Report on American Eagle Outfitters
American Eagle Outfitters Company Profile
(
Get Free Report)
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.
Featured Articles
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. Please send any questions or comments about this story to [email protected].
