American Eagle Outfitters (NYSE:AEO) Stock Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• American Eagle Outfitters' stock price crossed above its 200-day moving average at $12.21, reaching a high of $17.26 during trading, last closing at $16.97 with a volume of over 6 million shares.
• Analysts have differing views on the stock, with price targets ranging from $10.00 to $17.00 and a consensus rating of "Reduce," indicating cautious outlook by several firms.
• The company reported earnings of $0.45 per share for the last quarter, exceeding expectations, but revenue decreased by 0.6% year-over-year, suggesting mixed performance in financial health.

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.21 and traded as high as $17.26. American Eagle Outfitters shares last traded at $16.97, with a volume of 6,067,309 shares changing hands.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Jefferies Financial Group increased their price target on American Eagle Outfitters from $11.00 to $17.00 and gave the company a "hold" rating in a report on Thursday, September 4th. Citigroup increased their price target on American Eagle Outfitters from $11.00 to $15.00 and gave the company a "neutral" rating in a report on Thursday, September 4th. Cfra Research lowered American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a report on Friday, June 6th. Bank of America restated an "underperform" rating and set a $10.00 price target (down previously from $11.00) on shares of American Eagle Outfitters in a report on Monday, August 25th. Finally, Barclays increased their price target on American Eagle Outfitters from $9.00 to $14.00 and gave the company an "underweight" rating in a report on Thursday, September 4th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $14.72.

American Eagle Outfitters Price Performance

The firm has a market capitalization of $2.87 billion, a PE ratio of 16.32 and a beta of 1.60. The stock has a 50-day moving average price of $14.99 and a 200 day moving average price of $12.21. The company has a quick ratio of 0.71, a current ratio of 1.62 and a debt-to-equity ratio of 0.13.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its quarterly 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. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.23 billion. American Eagle Outfitters had a return on equity of 13.67% and a net margin of 3.74%.The business's revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share. Equities analysts forecast that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Friday, October 10th will be given a $0.125 dividend. The ex-dividend date is Friday, October 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.9%. American Eagle Outfitters's payout ratio is currently 48.08%.

Insider Transactions at American Eagle Outfitters

In related news, Director Janice E. Page sold 26,869 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.04, for a total value of $484,716.76. Following the sale, the director owned 90,383 shares in the company, valued at approximately $1,630,509.32. The trade was a 22.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer M. Foyle sold 54,950 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.14, for a total value of $996,793.00. Following the completion of the sale, the insider owned 221,107 shares in the company, valued at $4,010,880.98. This represents a 19.91% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,821 shares of company stock worth $2,465,436. 8.70% of the stock is owned by corporate insiders.

Institutional Trading of American Eagle Outfitters

A number of hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC acquired a new stake in shares of American Eagle Outfitters during the second quarter worth $190,000. Osaic Holdings Inc. raised its position in American Eagle Outfitters by 220.5% in the second quarter. Osaic Holdings Inc. now owns 13,931 shares of the apparel retailer's stock valued at $134,000 after purchasing an additional 9,584 shares during the period. PVG Asset Management Corp purchased a new stake in shares of American Eagle Outfitters during the second quarter worth about $121,000. Orion Porfolio Solutions LLC increased its position in shares of American Eagle Outfitters by 21.7% during the second quarter. Orion Porfolio Solutions LLC now owns 77,340 shares of the apparel retailer's stock worth $744,000 after acquiring an additional 13,771 shares during the last quarter. Finally, Caxton Associates LLP increased its position in shares of American Eagle Outfitters by 212.2% during the second quarter. Caxton Associates LLP now owns 230,312 shares of the apparel retailer's stock worth $2,216,000 after acquiring an additional 156,544 shares during the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

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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