Jennifer M. Foyle Sells 30,000 Shares of American Eagle Outfitters, Inc. (NYSE:AEO) Stock

American Eagle Outfitters, Inc. (NYSE:AEO) insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total transaction of $653,700.00. Following the transaction, the insider now directly owns 200,427 shares of the company’s stock, valued at $4,367,304.33. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

American Eagle Outfitters Trading Up 2.3 %

Shares of NYSE:AEO opened at $22.15 on Friday. American Eagle Outfitters, Inc. has a 12 month low of $15.68 and a 12 month high of $26.44. The company has a 50-day moving average price of $20.80 and a 200 day moving average price of $21.94. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 1.01 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the company posted $0.25 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities analysts forecast that American Eagle Outfitters, Inc. will post 1.78 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Friday, October 11th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Friday, October 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 45.05%.

Analysts Set New Price Targets

Several research firms have commented on AEO. UBS Group dropped their price objective on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, August 30th. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price objective on shares of American Eagle Outfitters in a report on Wednesday. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. TD Cowen dropped their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. Finally, Barclays dropped their price objective on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, American Eagle Outfitters currently has a consensus rating of “Hold” and an average target price of $25.75.

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 company. Parallel Advisors LLC raised its position in American Eagle Outfitters by 299.7% in the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 905 shares during the period. Arizona State Retirement System raised its position in American Eagle Outfitters by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock worth $1,049,000 after purchasing an additional 963 shares during the period. Louisiana State Employees Retirement System raised its position in American Eagle Outfitters by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock worth $1,856,000 after purchasing an additional 1,000 shares during the period. CWM LLC raised its position in American Eagle Outfitters by 72.3% in the 1st quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock worth $63,000 after purchasing an additional 1,020 shares during the period. Finally, UMB Bank n.a. purchased a new stake in American Eagle Outfitters in the 1st quarter worth about $27,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

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.