Key Points
- Director Noel Joseph Spiegel sold 3,617 American Eagle shares at an average price of $17.68, generating approximately $63,949. He also sold 2,892 shares in July.
- American Eagle reported quarterly EPS of $0.79, beating the $0.22 consensus estimate, while revenue rose 7.5% year over year to $1.38 billion.
- The company declared a quarterly dividend of $0.125 per share, equivalent to an annualized $0.50 dividend and a 2.8% yield; analysts maintain an overall “Hold” rating with a $19.55 average price target.
American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) Director Noel Spiegel sold 3,617 shares of the company's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $17.68, for a total transaction of $63,948.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Noel Joseph Spiegel also recently made the following trade(s):
- On Tuesday, July 7th, Noel Spiegel sold 2,892 shares of American Eagle Outfitters stock. The stock was sold at an average price of $16.78, for a total transaction of $48,527.76.
American Eagle Outfitters Stock Performance
NYSE AEO opened at $18.13 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 1.59 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $3.04 billion, a P/E ratio of 9.25, a P/E/G ratio of 4.04 and a beta of 1.28. American Eagle Outfitters, Inc. has a 12-month low of $14.06 and a 12-month high of $28.46. The firm has a 50-day moving average price of $16.75 and a two-hundred day moving average price of $17.03.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 EPS for the quarter, topping the consensus estimate of $0.22 by $0.57. American Eagle Outfitters had a net margin of 5.91% and a return on equity of 23.63%. The company had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same period last year, the firm earned $0.45 earnings per share. The business's revenue for the quarter was up 7.5% on a year-over-year basis. Analysts anticipate that American Eagle Outfitters, Inc. will post 2.24 earnings per share for the current year.
American Eagle Outfitters Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.1250 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, October 9th. American Eagle Outfitters's dividend payout ratio (DPR) is 25.51%.
Institutional Investors Weigh In On American Eagle Outfitters
A number of large investors have recently modified their holdings of the business. Plato Investment Management Ltd bought a new position in shares of American Eagle Outfitters in the 2nd quarter valued at $25,000. Allworth Financial LP bought a new stake in shares of American Eagle Outfitters during the 2nd quarter worth $36,000. EverSource Wealth Advisors LLC lifted its position in shares of American Eagle Outfitters by 31.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,870 shares of the apparel retailer's stock worth $48,000 after buying an additional 694 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in American Eagle Outfitters in the fourth quarter valued at about $77,000. Finally, Quantbot Technologies LP bought a new position in American Eagle Outfitters in the second quarter valued at about $57,000. Institutional investors and hedge funds own 97.33% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on AEO. Wall Street Zen upgraded American Eagle Outfitters from a "hold" rating to a "buy" rating in a research report on Saturday, September 5th. JPMorgan Chase & Co. boosted their price target on American Eagle Outfitters from $19.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday, August 18th. Zacks Research raised shares of American Eagle Outfitters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 9th. Bank of America reiterated an "underperform" rating and set a $16.00 price objective on shares of American Eagle Outfitters in a research note on Friday, August 14th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of American Eagle Outfitters in a report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, American Eagle Outfitters currently has an average rating of "Hold" and an average target price of $19.55.
View Our Latest Analysis on AEO
About American Eagle Outfitters
(
Get Free Report)
American Eagle Outfitters, Inc is a specialty retailer focused on apparel, accessories and personal-care products. The company operates primarily through the American Eagle and Aerie brands, offering casual clothing, denim, footwear and accessories, as well as intimates, activewear and lifestyle products.
American Eagle serves teenagers and young adults, while Aerie focuses on intimates, activewear and loungewear. The company sells its products through a network of retail stores, brand websites and other digital channels in the United States and internationally.
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