American Eagle Outfitters (NYSE:AEO) Insider Jennifer M. Foyle Sells 54,950 Shares

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 M. Foyle sold 54,950 shares of the company's 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 completion of the transaction, the insider owned 221,107 shares in the company, valued at $4,010,880.98. This represents a 19.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

American Eagle Outfitters Trading Up 7.0%

AEO stock traded up $1.28 during mid-day trading on Monday, reaching $19.62. The company had a trading volume of 14,602,579 shares, compared to its average volume of 17,424,512. 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 company has a market capitalization of $3.32 billion, a PE ratio of 18.86 and a beta of 1.44. The firm has a 50 day moving average of $12.92 and a 200 day moving average of $11.64. American Eagle Outfitters, Inc. has a 12 month low of $9.27 and a 12 month high of $22.63.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.25. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the prior year, the company earned $0.39 EPS. The company's revenue was down .6% compared to the same quarter last year. On average, equities analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AEO shares. Bank of America reaffirmed an "underperform" rating and issued a $10.00 price target (down previously from $11.00) on shares of American Eagle Outfitters in a research report on Monday, August 25th. Telsey Advisory Group upped their price target on shares of American Eagle Outfitters from $12.00 to $18.00 and gave the stock a "market perform" rating in a research report on Thursday, September 4th. Morgan Stanley set a $10.00 price target on shares of American Eagle Outfitters and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Citigroup upped their price target 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. Finally, Jefferies Financial Group upped their price target on shares of American Eagle Outfitters from $11.00 to $17.00 and gave the stock a "hold" rating in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, American Eagle Outfitters currently has an average rating of "Reduce" and an average price target of $13.94.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in American Eagle Outfitters by 380.4% during the 1st 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 in the last quarter. State of Wyoming acquired a new position in American Eagle Outfitters during the 4th quarter valued at approximately $49,000. Raymond James Financial Inc. acquired a new position in American Eagle Outfitters during the 2nd quarter valued at approximately $35,000. Federated Hermes Inc. increased its stake in American Eagle Outfitters by 151.0% during the 2nd 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 in the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of 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 worth $48,000 after acquiring an additional 1,165 shares during the period. Institutional investors and hedge funds own 97.33% of the company's stock.

About American Eagle Outfitters

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.