Key Points
- Director Cary Mcmillan sold 3,617 American Eagle shares at an average price of $18.20, generating proceeds of approximately $65,829.
- American Eagle reported quarterly EPS of $0.79, well above the $0.22 analyst consensus, 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 a 2.8% annualized yield; analysts maintain an average “Hold” rating with a $19.55 price target.
American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) Director Cary Mcmillan sold 3,617 shares of the stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $18.20, for a total value of $65,829.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
American Eagle Outfitters Stock Down 1.3%
Shares of AEO stock opened at $17.66 on Thursday. The stock has a market cap of $2.96 billion, a P/E ratio of 9.01, a P/E/G ratio of 4.08 and a beta of 1.28. American Eagle Outfitters, Inc. has a twelve month low of $14.06 and a twelve month high of $28.46. The stock has a 50 day moving average of $16.75 and a 200 day moving average of $17.03. The company has a current ratio of 1.59, a quick ratio of 0.62 and a debt-to-equity ratio of 0.03.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share for the quarter, beating 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 firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the firm earned $0.45 EPS. The business's quarterly revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts expect that American Eagle Outfitters, Inc. will post 2.24 EPS 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 issued a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 9th. American Eagle Outfitters's dividend payout ratio (DPR) is presently 25.51%.
Institutional Investors Weigh In On American Eagle Outfitters
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of American Eagle Outfitters in the second quarter valued at approximately $458,632,000. Dimensional Fund Advisors LP boosted its stake in shares of American Eagle Outfitters by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 9,261,614 shares of the apparel retailer's stock valued at $154,663,000 after buying an additional 509,326 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of American Eagle Outfitters by 162.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer's stock worth $105,818,000 after purchasing an additional 3,926,230 shares during the period. Nykredit A S acquired a new position in American Eagle Outfitters during the second quarter worth about $46,023,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of American Eagle Outfitters in the 2nd quarter worth approximately $27,637,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Barclays lowered their target price on shares of American Eagle Outfitters from $17.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 10th. Morgan Stanley cut their target price on American Eagle Outfitters from $18.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, September 10th. BMO Capital Markets boosted their price target on shares of American Eagle Outfitters from $18.00 to $20.00 and gave the company a "market perform" rating in a research note on Tuesday, September 29th. William Blair restated a "buy" rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Finally, Bank of America restated an "underperform" rating and issued a $16.00 price target on shares of American Eagle Outfitters in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $19.55.
Check Out Our Latest Stock Analysis on American Eagle Outfitters
American Eagle Outfitters Company Profile
(
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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