Insider Selling: American Eagle Outfitters (NYSE:AEO) Insider Sells 54,950 Shares of Stock

Key Points

• Jennifer Foyle, an insider at American Eagle Outfitters, sold 54,950 shares at an average price of $18.14, totaling approximately $996,793, reducing her stake by 19.91%.
• The company reported earnings of $0.45 per share, surpassing analyst expectations of $0.20, though revenue was down 0.6% year-over-year at $1.28 billion.
• Analysts have mixed ratings on the stock, with a target price ranging from $9.00 to $18.00, indicating a cautious outlook with most ratings leaning towards "Hold."

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) insider Jennifer Foyle sold 54,950 shares of American Eagle Outfitters stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.14, for a total transaction of $996,793.00. Following the transaction, the insider owned 221,107 shares of the company's stock, valued at approximately $4,010,880.98. The trade was a 19.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

American Eagle Outfitters Price Performance

AEO traded up $1.24 during midday trading on Wednesday, reaching $19.24. 17,491,232 shares of the company's stock were exchanged, compared to its average volume of 9,535,102. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.62 and a quick ratio of 0.71. The stock has a market capitalization of $3.33 billion, a PE ratio of 18.50 and a beta of 1.44. The business's 50-day moving average price is $12.19 and its 200 day moving average price is $11.49. American Eagle Outfitters, Inc. has a 1-year low of $9.27 and a 1-year high of $22.63.

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

Institutional Investors Weigh In On American Eagle Outfitters

A number of institutional investors have recently bought and sold shares of AEO. GAMMA Investing LLC grew its holdings in American Eagle Outfitters by 380.4% in the first quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock valued at $27,000 after purchasing an additional 1,841 shares during the period. Raymond James Financial Inc. purchased a new stake in American Eagle Outfitters in the second quarter valued at approximately $35,000. Federated Hermes Inc. grew its holdings in American Eagle Outfitters by 151.0% in the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer's stock valued at $37,000 after purchasing an additional 2,315 shares during the period. Asset Management One Co. Ltd. grew its holdings in 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 valued at $48,000 after purchasing an additional 1,165 shares during the period. Finally, State of Wyoming purchased a new stake in American Eagle Outfitters in the fourth quarter valued at approximately $49,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on AEO shares. Citigroup lifted their target price on shares of American Eagle Outfitters from $11.00 to $15.00 and gave the stock a "neutral" rating in a research report on Thursday, September 4th. Cfra Research lowered shares of American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research report on Friday, June 6th. Telsey Advisory Group boosted their price objective on shares of 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. Wall Street Zen raised shares of American Eagle Outfitters from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Finally, Barclays boosted their price objective on shares of American Eagle Outfitters from $9.00 to $14.00 and gave the company an "underweight" rating in a research report on Thursday, September 4th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $13.94.

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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