Noel Joseph Spiegel Sells 2,887 Shares of American Eagle Outfitters (NYSE:AEO) Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Noel Joseph Spiegel sold 2,887 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.32, for a total value of $50,002.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Noel Joseph Spiegel also recently made the following trade(s):

• On Wednesday, January 21st, Noel Joseph Spiegel sold 1,896 shares of American Eagle Outfitters stock. The stock was sold at an average price of $25.66, for a total value of $48,651.36.

American Eagle Outfitters Stock Up 5.5%

Shares of American Eagle Outfitters stock traded up $0.96 during midday trading on Wednesday, hitting $18.32. The company’s stock had a trading volume of 6,648,749 shares, compared to its average volume of 5,992,740. American Eagle Outfitters, Inc. has a 1-year low of $9.27 and a 1-year high of $28.46. The stock has a 50-day simple moving average of $20.70 and a 200-day simple moving average of $20.89. The firm has a market capitalization of $3.05 billion, a P/E ratio of 16.35, a PEG ratio of 1.19 and a beta of 1.50.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.13. American Eagle Outfitters had a return on equity of 16.76% and a net margin of 3.49%.The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the company earned $0.54 earnings per share. American Eagle Outfitters’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, April 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 44.64%.

Institutional Trading of American Eagle Outfitters

A number of institutional investors and hedge funds have recently made changes to their positions in AEO. Royal Bank of Canada lifted its position in shares of American Eagle Outfitters by 24.8% in the first quarter. Royal Bank of Canada now owns 162,243 shares of the apparel retailer’s stock worth $1,885,000 after buying an additional 32,191 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of American Eagle Outfitters by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer’s stock worth $1,229,000 after buying an additional 4,599 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of American Eagle Outfitters by 1,238.2% in the first quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock worth $611,000 after buying an additional 48,624 shares during the last quarter. Empowered Funds LLC lifted its position in shares of American Eagle Outfitters by 9.6% in the first quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock worth $185,000 after buying an additional 1,398 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of American Eagle Outfitters by 487.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 688,300 shares of the apparel retailer’s stock worth $6,621,000 after buying an additional 571,044 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AEO. Barclays cut their price objective on American Eagle Outfitters from $24.00 to $19.00 and set an “underweight” rating for the company in a report on Thursday, March 5th. TD Cowen decreased their target price on shares of American Eagle Outfitters from $27.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, March 6th. Needham & Company LLC started coverage on shares of American Eagle Outfitters in a research report on Thursday, March 26th. They issued a “hold” rating for the company. Telsey Advisory Group decreased their target price on shares of American Eagle Outfitters from $28.00 to $25.00 and set a “market perform” rating for the company in a research report on Thursday, March 5th. Finally, Zacks Research downgraded shares of American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Reduce” and an average price target of $21.75.

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.