American Eagle Outfitters (NYSE:AEO) Director Cary Mcmillan Sells 3,617 Shares of Stock

Key Points

• Director Cary Mcmillan sold 3,617 American Eagle shares at an average price of $18.20, generating proceeds of approximately $65,829.
• American Eagle shares fell 1.3% to $17.66, while the company’s latest quarterly results beat expectations with $0.79 in EPS and $1.38 billion in revenue, up 7.5% year over year.
• The company declared a quarterly dividend of $0.125 per share, equal to an annualized $0.50 and a 2.8% yield. Analysts maintain a consensus “Hold” rating with an average price target of $19.55.

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) Director Cary Mcmillan sold 3,617 shares of the business's stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $18.20, for a total value of $65,829.40. The sale was disclosed in a filing with the SEC, which is available through this link.

American Eagle Outfitters Trading Down 1.3%

Shares of American Eagle Outfitters stock traded down $0.23 on Wednesday, reaching $17.66. The company had a trading volume of 3,870,053 shares, compared to its average volume of 5,589,771. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 9.01, a P/E/G ratio of 4.13 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.59 and a quick ratio of 0.62. The firm's 50-day moving average price is $16.74 and its two-hundred day moving average price is $17.03. American Eagle Outfitters, Inc. has a 1 year low of $14.06 and a 1 year high of $28.46.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.57. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. American Eagle Outfitters had a return on equity of 23.63% and a net margin of 5.91%.American Eagle Outfitters's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 EPS. As a group, research analysts predict that American Eagle Outfitters, Inc. will post 2.24 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Friday, October 9th will be paid a $0.1250 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. American Eagle Outfitters's dividend payout ratio is currently 25.51%.

Institutional Trading of American Eagle Outfitters

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in American Eagle Outfitters in the 2nd quarter worth approximately $458,632,000. Dimensional Fund Advisors LP lifted its stake in American Eagle Outfitters by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,261,614 shares of the apparel retailer's stock valued at $154,663,000 after acquiring an additional 509,326 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of American Eagle Outfitters by 162.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer's stock valued at $105,818,000 after acquiring an additional 3,926,230 shares during the last quarter. Nykredit A S purchased a new stake in shares of American Eagle Outfitters in the 2nd quarter valued at $46,023,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of American Eagle Outfitters in the second quarter worth $27,637,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their price objective on shares of American Eagle Outfitters from $18.00 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, September 10th. UBS Group decreased their price target on shares of American Eagle Outfitters from $31.00 to $27.00 and set a "buy" rating for the company in a research note on Thursday, September 10th. Barclays lowered their price target on American Eagle Outfitters from $17.00 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, September 10th. Wall Street Zen raised American Eagle Outfitters from a "hold" rating to a "buy" rating in a research note on Saturday, September 5th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of American Eagle Outfitters in a report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $19.55.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc is a specialty retailer focused on apparel, accessories and personal-care products. The company operates primarily through the American Eagle and Aerie brands, offering casual clothing, denim, footwear and accessories, as well as intimates, activewear and lifestyle products.

American Eagle serves teenagers and young adults, while Aerie focuses on intimates, activewear and loungewear. The company sells its products through a network of retail stores, brand websites and other digital channels in the United States and internationally.

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