American Eagle Outfitters, Inc. (NYSE:AEO – Get Free Report) Director David Sable sold 5,779 shares of the business’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $17.23, for a total value of $99,572.17. Following the completion of the sale, the director directly owned 53,481 shares of the company’s stock, valued at $921,477.63. The trade was a 9.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
American Eagle Outfitters Stock Up 1.0%
NYSE:AEO traded up $0.17 on Tuesday, hitting $17.95. The stock had a trading volume of 1,610,913 shares, compared to its average volume of 5,425,413. The business’s fifty day moving average is $17.12 and its 200 day moving average is $19.38. The company has a market cap of $3.01 billion, a PE ratio of 11.08, a P/E/G ratio of 3.71 and a beta of 1.31. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. American Eagle Outfitters, Inc. has a 52 week low of $10.29 and a 52 week high of $28.46.
American Eagle Outfitters (NYSE:AEO – Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted ($0.29) earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, equities research analysts expect that American Eagle Outfitters, Inc. will post 1.76 EPS for the current fiscal year.
American Eagle Outfitters Announces Dividend
Institutional Trading of American Eagle Outfitters
Institutional investors have recently made changes to their positions in the company. Handelsbanken Fonder AB lifted its position in shares of American Eagle Outfitters by 9.6% during the second quarter. Handelsbanken Fonder AB now owns 43,392 shares of the apparel retailer’s stock valued at $746,000 after purchasing an additional 3,800 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in American Eagle Outfitters by 40.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 26,975 shares of the apparel retailer’s stock valued at $464,000 after buying an additional 7,724 shares during the last quarter. Segall Bryant & Hamill LLC lifted its position in shares of American Eagle Outfitters by 51.9% during the 1st quarter. Segall Bryant & Hamill LLC now owns 68,669 shares of the apparel retailer’s stock worth $1,147,000 after buying an additional 23,472 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of American Eagle Outfitters by 31.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,870 shares of the apparel retailer’s stock worth $48,000 after buying an additional 694 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of American Eagle Outfitters by 21.7% during the 1st quarter. California State Teachers Retirement System now owns 186,745 shares of the apparel retailer’s stock worth $3,119,000 after buying an additional 33,240 shares in the last quarter. Institutional investors own 97.33% of the company’s stock.
Analyst Ratings Changes
A number of research firms have weighed in on AEO. UBS Group reaffirmed a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. TD Cowen lowered their target price on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Barclays dropped their price target on shares of American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. Citigroup decreased their price objective on American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, June 1st. Finally, The Goldman Sachs Group set a $22.00 price objective on American Eagle Outfitters in a research note on Monday, June 1st. Two analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $19.91.
Read Our Latest Stock Report on AEO
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.
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