American Eagle Outfitters (NYSE:AEO) Director Noel Joseph Spiegel Sells 3,617 Shares of Stock

Key Points

• Director Noel Joseph Spiegel sold 3,617 American Eagle shares at an average price of $17.68, generating proceeds of $63,948.56. He previously sold 2,892 shares in July.
• American Eagle shares rose 2.4% to $18.13, while the company reported quarterly EPS of $0.79—well above the $0.22 consensus estimate—and revenue of $1.38 billion, up 7.5% year over year.
• The retailer declared a quarterly dividend of $0.125 per share, equivalent to a 2.8% annualized yield. Analysts maintain a consensus “Hold” rating with a $19.55 target price.

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) Director Noel Spiegel sold 3,617 shares of American Eagle Outfitters stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $17.68, for a total transaction of $63,948.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Noel Joseph Spiegel also recently made the following trade(s):

• On Tuesday, July 7th, Noel Spiegel sold 2,892 shares of American Eagle Outfitters stock. The stock was sold at an average price of $16.78, for a total value of $48,527.76.

American Eagle Outfitters Trading Up 2.4%

American Eagle Outfitters stock traded up $0.42 during midday trading on Monday, hitting $18.13. 4,912,602 shares of the stock were exchanged, compared to its average volume of 5,601,884. The company has a fifty day simple moving average of $16.74 and a two-hundred day simple moving average of $17.02. American Eagle Outfitters, Inc. has a 52 week low of $14.06 and a 52 week high of $28.46. The stock has a market capitalization of $3.04 billion, a PE ratio of 9.25, a P/E/G ratio of 4.04 and a beta of 1.28. The company has a quick ratio of 0.62, a current ratio of 1.59 and a debt-to-equity ratio of 0.03.

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

American Eagle Outfitters Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently commented on AEO. JPMorgan Chase & Co. boosted their price objective on shares of American Eagle Outfitters from $19.00 to $21.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 18th. William Blair restated a "buy" rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Bank of America reaffirmed an "underperform" rating and issued a $16.00 target price on shares of American Eagle Outfitters in a research report on Friday, August 14th. Morgan Stanley reduced their price target on 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. Finally, Weiss Ratings restated a "hold (c)" rating on shares of American Eagle Outfitters in a research note on Thursday, August 27th. One equities 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 issued a Sell rating to the company. According to data from MarketBeat.com, American Eagle Outfitters presently has an average rating of "Hold" and a consensus target price of $19.55.

Institutional Investors Weigh In On American Eagle Outfitters

Large investors have recently added to or reduced their stakes in the business. Plato Investment Management Ltd acquired a new position in shares of American Eagle Outfitters in the second quarter valued at $25,000. Allworth Financial LP bought a new stake in shares of American Eagle Outfitters during the 2nd quarter worth about $36,000. EverSource Wealth Advisors LLC grew its stake in American Eagle Outfitters by 31.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,870 shares of the apparel retailer's stock valued at $48,000 after buying an additional 694 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of American Eagle Outfitters in the second quarter valued at approximately $57,000. Finally, Parkside Financial Bank & Trust lifted its holdings in American Eagle Outfitters by 772.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 3,997 shares of the apparel retailer's stock worth $69,000 after purchasing an additional 3,539 shares during the last quarter. Institutional investors own 97.33% of the company's stock.

About American Eagle Outfitters

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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