Key Points
- Director Cary Mcmillan sold 2,887 AEO shares on April 6 at an average price of $17.23, netting $49,743.01, according to an SEC filing.
- American Eagle beat Q4 estimates with EPS of $0.84 vs. $0.71 expected and revenue of $1.81B (up 12.2% year-over-year), while the stock trades around $18.32 and carries a MarketBeat consensus target of $21.75.
- Quarterly dividend announced of $0.125 per share (annualized $0.50, ~2.7% yield), with an ex-dividend/record date of April 10 and payment on April 24.
American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) Director Cary Mcmillan sold 2,887 shares of the stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.23, for a total transaction of $49,743.01. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
American Eagle Outfitters Stock Up 5.5%
Shares of American Eagle Outfitters stock opened at $18.32 on Thursday. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.19 and a beta of 1.50. American Eagle Outfitters, Inc. has a 12-month low of $9.27 and a 12-month high of $28.46. The firm's 50-day moving average price is $20.70 and its two-hundred day moving average price is $20.89.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.13. American Eagle Outfitters had a net margin of 3.49% and a return on equity of 16.76%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the company posted $0.54 EPS. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.
American Eagle Outfitters Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, April 10th. This represents a $0.50 annualized dividend and a yield of 2.7%. American Eagle Outfitters's dividend payout ratio (DPR) is currently 44.64%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on AEO shares. Citigroup lifted their target price on shares of American Eagle Outfitters from $23.00 to $24.00 and gave the stock a "neutral" rating in a research report on Friday, March 6th. Needham & Company LLC started coverage on shares of American Eagle Outfitters in a research report on Thursday, March 26th. They set a "hold" rating on the stock. Wall Street Zen upgraded shares of American Eagle Outfitters from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 4th. Telsey Advisory Group cut their target price on shares of American Eagle Outfitters from $28.00 to $25.00 and set a "market perform" rating on the stock in a research report on Thursday, March 5th. Finally, Barclays cut their target price on shares of American Eagle Outfitters from $24.00 to $19.00 and set an "underweight" rating on the stock in a research report on Thursday, March 5th. One analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $21.75.
Read Our Latest Stock Analysis on AEO
Institutional Trading of American Eagle Outfitters
Several hedge funds have recently modified their holdings of AEO. Marshall Wace LLP increased its stake in shares of American Eagle Outfitters by 920.6% in the 3rd quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer's stock valued at $94,066,000 after acquiring an additional 4,959,039 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of American Eagle Outfitters in the 4th quarter valued at $40,954,000. Arrowstreet Capital Limited Partnership increased its stake in shares of American Eagle Outfitters by 153.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,410,162 shares of the apparel retailer's stock valued at $63,556,000 after acquiring an additional 1,457,785 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of American Eagle Outfitters in the 3rd quarter valued at $23,395,000. Finally, Kinetic Partners Management LP bought a new stake in shares of American Eagle Outfitters in the 3rd quarter valued at $14,618,000. Institutional investors own 97.33% of the company's stock.
About American Eagle Outfitters
(
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.
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