American Eagle Outfitters (NYSE:AEO) Issues Earnings Results, Beats Estimates By $0.02 EPS

American Eagle Outfitters (NYSE:AEO) posted its quarterly earnings results on Wednesday. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02, Zacks reports. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share.

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $17.62 on Friday. American Eagle Outfitters has a 52-week low of $16.88 and a 52-week high of $26.44. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 0.99 and a beta of 1.51. The firm has a fifty day moving average of $19.77 and a 200-day moving average of $20.50.

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, October 11th. This represents a $0.50 annualized dividend and a yield of 2.84%. American Eagle Outfitters’s dividend payout ratio is 42.74%.

Insider Activity at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total value of $20,039,979.96. Following the transaction, the chief executive officer now directly owns 1,771,851 shares in the company, valued at $35,507,894.04. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,050,702 shares of company stock valued at $21,148,718 in the last 90 days. 7.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Barclays lowered their target price on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. TD Cowen reduced their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Jefferies Financial Group reduced their price objective on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, November 12th. Finally, Telsey Advisory Group dropped their price objective on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus price target of $22.80.

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.