American Eagle Outfitters (NYSE:AEO) Director Noel Joseph Spiegel Sells 40,000 Shares

Key Points

• Noel Joseph Spiegel, Director of American Eagle Outfitters, sold 40,000 shares of stock at an average price of $18.12, totaling $724,800.
• AEO shares increased by 6.9% to reach $19.24, with substantial trading volume of over 17 million shares.
• The company reported earnings of $0.45 per share, surpassing analysts' estimates, and had a revenue of $1.28 billion for the last quarter.

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) Director Noel Joseph Spiegel sold 40,000 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.12, for a total transaction of $724,800.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

American Eagle Outfitters Stock Up 6.9%

Shares of AEO stock traded up $1.24 on Wednesday, reaching $19.24. 17,491,232 shares of the stock were exchanged, compared to its average volume of 9,535,102. 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's 50 day moving average price is $12.19 and its 200 day moving average price is $11.49. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 18.50 and a beta of 1.44. American Eagle Outfitters, Inc. has a twelve month low of $9.27 and a twelve month high of $22.63.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm posted $0.39 earnings per share. American Eagle Outfitters's revenue for the quarter was down .6% on a year-over-year basis. As a group, sell-side analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AEO. Wall Street Zen upgraded shares of American Eagle Outfitters from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. Zacks Research upgraded shares of American Eagle Outfitters to a "hold" rating in a research note on Monday, August 11th. Telsey Advisory Group upped their price objective on shares of American Eagle Outfitters from $12.00 to $18.00 and gave the company a "market perform" rating in a research note on Thursday, September 4th. Bank of America restated an "underperform" rating and issued a $10.00 price objective (down previously from $11.00) on shares of American Eagle Outfitters in a research note on Monday, August 25th. Finally, Citigroup upped their price objective on shares of American Eagle Outfitters from $11.00 to $15.00 and gave the company a "neutral" rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $13.94.

Institutional Investors Weigh In On American Eagle Outfitters

Several hedge funds have recently made changes to their positions in AEO. GAMMA Investing LLC boosted its stake in shares of American Eagle Outfitters by 380.4% during the first quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock worth $27,000 after buying an additional 1,841 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of American Eagle Outfitters during the second quarter worth about $35,000. Federated Hermes Inc. boosted its stake in shares of American Eagle Outfitters by 151.0% during the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer's stock worth $37,000 after buying an additional 2,315 shares during the period. Asset Management One Co. Ltd. raised its holdings in American Eagle Outfitters by 38.7% during the first quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer's stock worth $48,000 after purchasing an additional 1,165 shares in the last quarter. Finally, State of Wyoming purchased a new position in American Eagle Outfitters during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 97.33% of the company's stock.

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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