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

American Eagle Outfitters Trading Up 6.9%

Shares of NYSE AEO traded up $1.24 during trading on Wednesday, reaching $19.24. The company had a trading volume of 17,491,232 shares, compared to its average volume of 9,535,102. American Eagle Outfitters, Inc. has a 12 month low of $9.27 and a 12 month high of $22.63. The company has a quick ratio of 0.71, a current ratio of 1.62 and a debt-to-equity ratio of 0.13. The company's fifty day moving average price is $12.19 and its 200-day moving average price is $11.49. The stock has a market cap of $3.33 billion, a P/E ratio of 18.50 and a beta of 1.44.

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

Analyst Ratings Changes

AEO has been the topic of several research analyst reports. Telsey Advisory Group upped their target price on 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. BMO Capital Markets cut their target price on American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating on the stock in a research report on Wednesday, May 14th. UBS Group upped their price target on American Eagle Outfitters from $19.00 to $21.50 and gave the stock a "buy" rating in a research note on Thursday, September 4th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $9.00 price target on shares of American Eagle Outfitters in a research note on Monday, July 28th. Finally, Morgan Stanley set a $10.00 price target on American Eagle Outfitters and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. 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 company. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $13.94.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised 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 purchasing an additional 1,841 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of American Eagle Outfitters in the second quarter worth approximately $35,000. Federated Hermes Inc. raised 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 purchasing an additional 2,315 shares during the last quarter. Asset Management One Co. Ltd. raised 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 purchasing an additional 1,165 shares during the last quarter. Finally, State of Wyoming purchased a new stake 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.

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.

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