American Eagle Outfitters (NYSE:AEO) Director Cary Mcmillan Sells 2,945 Shares

Key Points

• Cary Mcmillan, a director at American Eagle Outfitters, sold 2,945 shares of stock at an average price of $16.95, amounting to nearly $50,000 in total transactions.
• The company's stock has seen a decline of 2.0%, currently trading at approximately $15.44, despite reporting a quarterly earnings per share of $0.45, topping estimates by $0.25.
• American Eagle Outfitters announced a quarterly dividend of $0.125 per share, with a planned payout on October 29th, representing an annualized yield of 3.2%.

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) Director Cary Mcmillan sold 2,945 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $16.95, for a total transaction of $49,917.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

American Eagle Outfitters Stock Down 2.0%

American Eagle Outfitters stock traded down $0.32 during midday trading on Tuesday, reaching $15.44. The company's stock had a trading volume of 6,947,477 shares, compared to its average volume of 9,483,458. The business has a 50-day simple moving average of $15.17 and a 200-day simple moving average of $12.28. The company has a market cap of $2.61 billion, a P/E ratio of 14.85 and a beta of 1.60. American Eagle Outfitters, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $21.74. The company has a quick ratio of 0.71, a current ratio of 1.62 and a debt-to-equity ratio of 0.13.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.25. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the firm earned $0.39 EPS. The company's revenue was down .6% compared to the same quarter last year. On average, research analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Friday, October 10th will be paid a $0.125 dividend. The ex-dividend date is Friday, October 10th. This represents a $0.50 dividend on an annualized basis and a yield of 3.2%. American Eagle Outfitters's payout ratio is currently 48.08%.

Analyst Upgrades and Downgrades

AEO has been the topic of several recent research reports. Morgan Stanley boosted their price target on American Eagle Outfitters from $10.00 to $17.00 and gave the company an "equal weight" rating in a research report on Thursday, September 18th. Telsey Advisory Group upped their price target on American Eagle Outfitters from $12.00 to $18.00 and gave the stock a "market perform" rating in a research note on Thursday, September 4th. Jefferies Financial Group lifted their price objective on shares of American Eagle Outfitters from $11.00 to $17.00 and gave the company a "hold" rating in a research report on Thursday, September 4th. Bank of America reissued an "underperform" rating and issued a $10.00 price objective (down from $11.00) on shares of American Eagle Outfitters in a research note on Monday, August 25th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Eagle Outfitters in a report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $14.72.

Institutional Investors Weigh In On American Eagle Outfitters

Large investors have recently added to or reduced their stakes in the business. Junto Capital Management LP purchased a new stake in American Eagle Outfitters in the 1st quarter valued at approximately $38,588,000. Cooke & Bieler LP raised its holdings in shares of American Eagle Outfitters by 29.9% in the first quarter. Cooke & Bieler LP now owns 7,791,193 shares of the apparel retailer's stock worth $90,534,000 after acquiring an additional 1,794,203 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of American Eagle Outfitters in the first quarter valued at $18,927,000. Nuveen LLC acquired a new stake in shares of American Eagle Outfitters during the first quarter valued at $18,140,000. Finally, Victory Capital Management Inc. increased its position in American Eagle Outfitters by 22.2% during the 1st quarter. Victory Capital Management Inc. now owns 5,305,889 shares of the apparel retailer's stock worth $61,654,000 after purchasing an additional 962,730 shares in the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.

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