American Eagle Outfitters (NYSE:AEO) Director Cary Mcmillan Sells 9,002 Shares

Key Points

• Cary McMillan, a director at American Eagle Outfitters, sold 9,002 shares at an average price of $18.11, totaling over $163,000, as disclosed in an SEC filing.
• American Eagle Outfitters reported $0.45 earnings per share for the last quarter, significantly beating analysts' expectations of $0.20, even though revenue decreased by 0.6% compared to the previous year.
• Research analysts have mixed ratings on American Eagle Outfitters, with one buy rating, eight hold ratings, and three sell ratings; current consensus rating is "Reduce" with an average price target of $13.94.

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) Director Cary Mcmillan sold 9,002 shares of American Eagle Outfitters stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.11, for a total value of $163,026.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

American Eagle Outfitters Price Performance

American Eagle Outfitters stock traded up $1.24 during midday trading on Wednesday, reaching $19.24. The company's stock had a trading volume of 17,491,232 shares, compared to its average volume of 9,535,102. American Eagle Outfitters, Inc. has a 52 week low of $9.27 and a 52 week high of $22.63. The company has a current ratio of 1.62, a quick ratio of 0.71 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $12.19 and a 200-day moving average price of $11.49. The stock has a market cap of $3.33 billion, a PE ratio of 18.50 and a beta of 1.44.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.25. American Eagle Outfitters had a return on equity of 13.67% and a net margin of 3.74%.The firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the previous year, the business posted $0.39 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. On average, sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $9.00 target price on shares of American Eagle Outfitters in a research report on Monday, July 28th. Barclays lifted their price target on American Eagle Outfitters from $9.00 to $14.00 and gave the company an "underweight" rating in a research note on Thursday, September 4th. Zacks Research raised American Eagle Outfitters to a "hold" rating in a research note on Monday, August 11th. Citigroup lifted their price target on American Eagle Outfitters from $11.00 to $15.00 and gave the company a "neutral" rating in a research note on Thursday, September 4th. Finally, UBS Group lifted their price target on American Eagle Outfitters from $19.00 to $21.50 and gave the company a "buy" rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of "Reduce" and an average price target of $13.94.

Hedge Funds Weigh In On American Eagle Outfitters

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in shares of American Eagle Outfitters by 380.4% in the first quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock worth $27,000 after acquiring an additional 1,841 shares during the period. Raymond James Financial Inc. acquired a new position in shares of American Eagle Outfitters in the second quarter worth approximately $35,000. Federated Hermes Inc. lifted its stake in shares of American Eagle Outfitters by 151.0% in the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer's stock worth $37,000 after acquiring an additional 2,315 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of American Eagle Outfitters by 38.7% in the first quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer's stock worth $48,000 after acquiring an additional 1,165 shares during the period. Finally, State of Wyoming acquired a new position in shares of American Eagle Outfitters in the fourth quarter worth approximately $49,000. 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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