American Eagle Outfitters, Inc. (NYSE:AEO) Director Cary D. Mcmillan Sells 2,999 Shares

American Eagle Outfitters, Inc. (NYSE:AEO) Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

American Eagle Outfitters Price Performance

AEO stock opened at $17.16 on Thursday. The company has a 50-day moving average of $17.28 and a two-hundred day moving average of $19.39. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 1.01 and a beta of 1.53. American Eagle Outfitters, Inc. has a 52-week low of $15.36 and a 52-week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. 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 20.75% and a net margin of 4.28%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 EPS. Equities analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Friday, January 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 42.74%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AEO shares. Barclays cut their price target on American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Jefferies Financial Group reduced their target price on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, November 12th. Bank of America dropped their price target on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. UBS Group reduced their price objective on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Finally, BMO Capital Markets lowered their target price on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, American Eagle Outfitters has a consensus rating of “Hold” and a consensus target price of $21.40.

Institutional Trading of American Eagle Outfitters

A number of hedge funds have recently bought and sold shares of AEO. Congress Asset Management Co. acquired a new position in shares of American Eagle Outfitters during the third quarter valued at about $119,691,000. Victory Capital Management Inc. raised its holdings in American Eagle Outfitters by 40.6% in the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock valued at $97,858,000 after acquiring an additional 1,262,693 shares in the last quarter. Soros Capital Management LLC bought a new stake in shares of American Eagle Outfitters in the 3rd quarter worth approximately $11,519,000. Charles Schwab Investment Management Inc. lifted its position in shares of American Eagle Outfitters by 12.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,496,916 shares of the apparel retailer’s stock worth $55,906,000 after acquiring an additional 281,548 shares during the period. Finally, Impala Asset Management LLC bought a new stake in shares of American Eagle Outfitters during the second quarter valued at approximately $5,489,000. 97.33% of the stock is owned by 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.