American Eagle Outfitters (NYSE:AEO) Director Sells $49,743.01 in Stock

Key Points

• Director sale: Cary McMillan sold 2,887 shares of American Eagle Outfitters at an average price of $17.23 on April 6 for a total of $49,743.01, disclosed in an SEC filing.
• Earnings beat and growth: AEO reported $0.84 EPS for the quarter (vs. $0.71 expected) and $1.81 billion in revenue, up 12.2% year-over-year; analysts project about 1.7 EPS for the current year.
• Dividend announced: The company declared a quarterly dividend of $0.125 (annualized $0.50, ~2.7% yield), with an ex-dividend date of April 10 and payment on April 24.

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) Director Cary Mcmillan sold 2,887 shares of American Eagle Outfitters stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.23, for a total transaction of $49,743.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

American Eagle Outfitters Stock Up 5.5%

AEO traded up $0.96 during midday trading on Wednesday, hitting $18.32. The company had a trading volume of 6,648,749 shares, compared to its average volume of 5,992,740. American Eagle Outfitters, Inc. has a 52 week low of $9.27 and a 52 week high of $28.46. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.19 and a beta of 1.50. The stock's 50 day moving average price is $20.70 and its 200 day moving average price is $20.89.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.13. American Eagle Outfitters had a net margin of 3.49% and a return on equity of 16.76%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The business's revenue was up 12.2% compared to the same quarter last year. Research analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, April 10th. American Eagle Outfitters's payout ratio is 44.64%.

Institutional Investors Weigh In On American Eagle Outfitters

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL grew its position in American Eagle Outfitters by 50.0% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer's stock worth $26,000 after purchasing an additional 500 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in American Eagle Outfitters in the 4th quarter worth about $31,000. Aster Capital Management DIFC Ltd bought a new stake in American Eagle Outfitters in the 4th quarter worth about $32,000. Raymond James Financial Inc. bought a new stake in American Eagle Outfitters in the 2nd quarter worth about $35,000. Finally, Strs Ohio bought a new stake in American Eagle Outfitters in the 3rd quarter worth about $36,000. 97.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AEO has been the subject of several recent research reports. Barclays decreased their target price on shares of American Eagle Outfitters from $24.00 to $19.00 and set an "underweight" rating for the company in a research report on Thursday, March 5th. TD Cowen decreased their target price on shares of American Eagle Outfitters from $27.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, March 6th. Needham & Company LLC initiated coverage on shares of American Eagle Outfitters in a research report on Thursday, March 26th. They set a "hold" rating for the company. UBS Group boosted their target price on shares of American Eagle Outfitters from $31.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, January 8th. Finally, Wall Street Zen raised shares of American Eagle Outfitters from a "buy" rating to a "strong-buy" rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, American Eagle Outfitters currently has a consensus rating of "Reduce" and an average target price of $21.75.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc NYSE: AEO is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company's flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.

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