American Eagle Outfitters, Inc. (NYSE:AEO) Director Sells $46,917.72 in Stock

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) Director Cary D. Mcmillan sold 1,908 shares of the firm's stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $24.59, for a total transaction of $46,917.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Cary D. Mcmillan also recently made the following trade(s):

• On Thursday, January 18th, Cary D. Mcmillan sold 2,363 shares of American Eagle Outfitters stock. The shares were sold at an average price of $19.91, for a total transaction of $47,047.33.

American Eagle Outfitters Price Performance

AEO stock traded down $0.08 during midday trading on Monday, reaching $24.42. 4,313,938 shares of the stock were exchanged, compared to its average volume of 4,621,757. The company has a fifty day moving average price of $23.24 and a 200 day moving average price of $20.43. American Eagle Outfitters, Inc. has a 52 week low of $9.95 and a 52 week high of $26.44. The stock has a market capitalization of $4.81 billion, a PE ratio of 28.40, a P/E/G ratio of 1.14 and a beta of 1.59.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.11. American Eagle Outfitters had a return on equity of 17.76% and a net margin of 3.23%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the business earned $0.37 EPS. The firm's revenue was up 12.2% compared to the same quarter last year. As a group, analysts anticipate that American Eagle Outfitters, Inc. will post 1.71 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, April 11th. American Eagle Outfitters's dividend payout ratio is currently 58.14%.

American Eagle Outfitters announced that its Board of Directors has approved a share repurchase program on Thursday, February 1st that authorizes the company to buyback 30,000,000 shares. This buyback authorization authorizes the apparel retailer to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. UBS Group boosted their price objective on shares of American Eagle Outfitters from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Monday, February 26th. Bank of America boosted their target price on American Eagle Outfitters from $21.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, February 29th. Telsey Advisory Group boosted their target price on American Eagle Outfitters from $22.00 to $25.00 and gave the stock a "market perform" rating in a report on Friday, March 8th. Citigroup boosted their target price on American Eagle Outfitters from $23.00 to $26.00 and gave the stock a "neutral" rating in a report on Tuesday, February 27th. Finally, StockNews.com cut American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $19.82.

Institutional Trading of American Eagle Outfitters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of American Eagle Outfitters by 4.3% in the second quarter. BlackRock Inc. now owns 29,721,106 shares of the apparel retailer's stock valued at $350,709,000 after acquiring an additional 1,212,617 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of American Eagle Outfitters by 0.3% in the third quarter. Vanguard Group Inc. now owns 20,453,599 shares of the apparel retailer's stock valued at $339,734,000 after acquiring an additional 60,418 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of American Eagle Outfitters by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,003,990 shares of the apparel retailer's stock valued at $232,846,000 after acquiring an additional 284,965 shares in the last quarter. State Street Corp grew its holdings in shares of American Eagle Outfitters by 7.2% in the second quarter. State Street Corp now owns 7,243,454 shares of the apparel retailer's stock valued at $85,473,000 after acquiring an additional 488,571 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of American Eagle Outfitters by 37.6% in the fourth quarter. Pacer Advisors Inc. now owns 6,092,955 shares of the apparel retailer's stock valued at $128,927,000 after acquiring an additional 1,663,569 shares in the last quarter. 97.33% of the stock is owned by institutional investors.

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.