American Eagle Outfitters (NYSE:AEO) Director Sells $724,800.00 in Stock

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 that occurred 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 legal filing with the SEC, which is accessible through this hyperlink.

American Eagle Outfitters Stock Up 7.0%

Shares of NYSE:AEO traded up $1.28 during trading on Monday, hitting $19.62. 14,602,579 shares of the company were exchanged, compared to its average volume of 17,424,512. The stock has a market capitalization of $3.32 billion, a P/E ratio of 18.86 and a beta of 1.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.62 and a quick ratio of 0.71. American Eagle Outfitters, Inc. has a 12-month low of $9.27 and a 12-month high of $22.63. The firm's 50 day moving average price is $12.92 and its 200-day moving average price is $11.64.

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. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.23 billion. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The company's revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. On average, research analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on AEO shares. Citigroup boosted their price objective on shares of American Eagle Outfitters from $11.00 to $15.00 and gave the stock a "neutral" rating in a research report on Thursday, September 4th. Zacks Research upgraded shares of American Eagle Outfitters to a "hold" rating in a research report on Monday, August 11th. Wall Street Zen upgraded shares of American Eagle Outfitters from a "hold" rating to a "buy" rating in a research report on Saturday. Telsey Advisory Group upped their price target on shares of American Eagle Outfitters from $12.00 to $18.00 and gave the company a "market perform" rating in a research report on Thursday, September 4th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $9.00 price target on shares of American Eagle Outfitters in a research report on Monday, July 28th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, American Eagle Outfitters presently has an average rating of "Reduce" and an average price target of $13.94.

Hedge Funds Weigh In On American Eagle Outfitters

Several institutional investors have recently bought and sold shares of the company. NFJ Investment Group LLC increased its stake in American Eagle Outfitters by 0.7% in the 1st quarter. NFJ Investment Group LLC now owns 119,074 shares of the apparel retailer's stock valued at $1,384,000 after buying an additional 845 shares during the period. Tidal Investments LLC increased its stake in American Eagle Outfitters by 2.0% in the 2nd quarter. Tidal Investments LLC now owns 53,923 shares of the apparel retailer's stock valued at $519,000 after buying an additional 1,046 shares during the period. Asset Management One Co. Ltd. increased its stake in American Eagle Outfitters by 38.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer's stock valued at $48,000 after buying an additional 1,165 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in American Eagle Outfitters by 1.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,127 shares of the apparel retailer's stock valued at $1,686,000 after buying an additional 1,282 shares during the period. Finally, Empowered Funds LLC increased its stake in American Eagle Outfitters by 9.6% in the 1st quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer's stock valued at $185,000 after buying an additional 1,398 shares during the period. 97.33% of the stock is owned by institutional investors and hedge funds.

About American Eagle Outfitters

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.