American Eagle Outfitters (NYSE:AEO) Director Noel Joseph Spiegel Sells 1,896 Shares

American Eagle Outfitters, Inc. (NYSE:AEO) Director Noel Joseph Spiegel sold 1,896 shares of American Eagle Outfitters stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total transaction of $48,651.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

American Eagle Outfitters Price Performance

AEO stock traded down $1.04 during trading on Friday, reaching $24.10. The company’s stock had a trading volume of 8,309,613 shares, compared to its average volume of 6,542,080. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average is $24.23 and its 200-day moving average is $17.99. The company has a market capitalization of $4.09 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 8.38 and a beta of 1.39. American Eagle Outfitters, Inc. has a 1 year low of $9.27 and a 1 year high of $28.46.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Tuesday, December 2nd. The apparel retailer reported $0.53 EPS for the quarter, beating the consensus estimate of $0.43 by $0.10. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business earned $0.48 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. On average, research analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, January 9th. American Eagle Outfitters’s dividend payout ratio is presently 43.10%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEO. Strategic Investment Solutions Inc. IL increased its stake in American Eagle Outfitters by 50.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 500 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of American Eagle Outfitters in the 2nd quarter worth approximately $35,000. Strs Ohio purchased a new position in shares of American Eagle Outfitters in the 3rd quarter worth approximately $36,000. Federated Hermes Inc. increased its position in shares of 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 during the last quarter. Finally, McIlrath & Eck LLC purchased a new stake in American Eagle Outfitters during the 3rd quarter valued at $39,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Analysts Set New Price Targets

AEO has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded shares of American Eagle Outfitters from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $14.00 to $20.00 in a research report on Wednesday, December 3rd. UBS Group boosted their price target on shares of American Eagle Outfitters from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Telsey Advisory Group increased their price objective on shares of American Eagle Outfitters from $25.00 to $28.00 and gave the company a “market perform” rating in a report on Tuesday, January 13th. The Goldman Sachs Group assumed coverage on American Eagle Outfitters in a report on Thursday, December 11th. They issued a “neutral” rating and a $25.00 target price on the stock. Finally, Royal Bank Of Canada set a $23.00 price target on American Eagle Outfitters in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, American Eagle Outfitters has an average rating of “Hold” and a consensus price target of $22.45.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.