Insider Selling: American Eagle Outfitters (NYSE:AEO) Director Sells 26,869 Shares of Stock

Key Points

• Director Sale: Janice Page, a director at American Eagle Outfitters, sold 26,869 shares for $484,716.76, decreasing her position by 22.92% to 90,383 shares.
• Earnings Performance: The company reported an EPS of $0.45 for the last quarter, surpassing estimates of $0.20, while revenue came in at $1.28 billion, slightly down 0.6% year-over-year.
• Price Target Changes: Analysts have varied ratings and price targets for the stock, with UBS raising it to $21.50 while JPMorgan set a conservative target at $9.00.

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) Director Janice E. Page sold 26,869 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.04, for a total value of $484,716.76. Following the transaction, the director owned 90,383 shares in the company, valued at approximately $1,630,509.32. This trade represents a 22.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

American Eagle Outfitters Trading Up 7.0%

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

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share (EPS) for the quarter, topping 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 last year, the business earned $0.39 earnings per share. The company's revenue was down .6% compared to the same quarter last year. As a group, analysts forecast that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AEO shares. UBS Group lifted their price objective on American Eagle Outfitters from $19.00 to $21.50 and gave the company a "buy" rating in a report on Thursday, September 4th. Citigroup lifted their price objective on American Eagle Outfitters from $11.00 to $15.00 and gave the company a "neutral" rating in a report on Thursday, September 4th. Telsey Advisory Group lifted their price objective on American Eagle Outfitters from $12.00 to $18.00 and gave the company a "market perform" rating in a report on Thursday, September 4th. Morgan Stanley set a $10.00 price objective on American Eagle Outfitters and gave the company an "equal weight" rating in a report on Monday, June 2nd. Finally, Wall Street Zen upgraded American Eagle Outfitters from a "hold" rating to a "buy" rating in a report on Saturday. One equities research 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. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $13.94.

Institutional Investors Weigh In On American Eagle Outfitters

A number of hedge funds and other institutional investors have recently bought and sold shares of AEO. GAMMA Investing LLC raised its position in American Eagle Outfitters by 380.4% in the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock valued at $27,000 after buying an additional 1,841 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in American Eagle Outfitters in the 2nd quarter valued at approximately $35,000. Federated Hermes Inc. raised its position in American Eagle Outfitters by 151.0% in the 2nd quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer's stock valued at $37,000 after buying an additional 2,315 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of American Eagle Outfitters by 38.7% during the 1st 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 during the last quarter. Finally, State of Wyoming acquired a new position in shares of American Eagle Outfitters during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 97.33% of the company's stock.

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.