American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) Director David Sable sold 5,779 shares of the company's stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $17.23, for a total transaction of $99,572.17. Following the sale, the director owned 53,481 shares in the company, valued at $921,477.63. The trade was a 9.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
American Eagle Outfitters Stock Up 2.1%
AEO opened at $18.15 on Wednesday. The company has a 50 day moving average of $17.17 and a 200 day moving average of $19.32. The company has a market cap of $3.04 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 3.88 and a beta of 1.31. American Eagle Outfitters, Inc. has a 12 month low of $10.29 and a 12 month high of $28.46. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The business had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the previous year, the firm posted ($0.29) EPS. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, sell-side analysts expect that American Eagle Outfitters, Inc. will post 1.76 EPS for the current year.
American Eagle Outfitters Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a $0.125 dividend. The ex-dividend date was Friday, July 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. American Eagle Outfitters's payout ratio is 30.86%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on AEO shares. Wall Street Zen cut American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. UBS Group reaffirmed a "buy" rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Morgan Stanley reiterated an "equal weight" rating and set a $18.00 price target on shares of American Eagle Outfitters in a research report on Monday, July 6th. Citigroup lowered their price target on shares of American Eagle Outfitters from $24.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, June 1st. Finally, William Blair restated a "buy" rating on shares of American Eagle Outfitters in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $19.91.
View Our Latest Analysis on American Eagle Outfitters
Institutional Investors Weigh In On American Eagle Outfitters
Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its holdings in shares of American Eagle Outfitters by 12.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer's stock valued at $158,231,000 after acquiring an additional 680,332 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of American Eagle Outfitters by 151,993.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 65,400 shares of the apparel retailer's stock worth $1,725,000 after purchasing an additional 65,357 shares in the last quarter. Broad Peak Investment Advisers Pte Ltd purchased a new position in shares of American Eagle Outfitters during the first quarter worth about $2,973,000. Hillsdale Investment Management Inc. bought a new position in shares of American Eagle Outfitters in the first quarter worth approximately $5,490,000. Finally, Vanguard Group Inc. increased its position in shares of American Eagle Outfitters by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 18,398,401 shares of the apparel retailer's stock worth $485,166,000 after purchasing an additional 249,158 shares during the last quarter. 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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