American Eagle Outfitters (NYSE:AEO) Director David Sable Sells 5,779 Shares

American Eagle Outfitters, Inc. (NYSE:AEO) Director David Sable sold 5,779 shares of the company’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of $17.23, for a total transaction of $99,572.17. Following the completion of the sale, the director owned 53,481 shares of the company’s stock, valued at approximately $921,477.63. The trade was a 9.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

American Eagle Outfitters Stock Up 2.1%

AEO opened at $18.15 on Wednesday. American Eagle Outfitters, Inc. has a fifty-two week low of $10.29 and a fifty-two week high of $28.46. The firm has a market capitalization of $3.04 billion, a P/E ratio of 11.20, a PEG ratio of 3.88 and a beta of 1.31. The company’s 50-day moving average is $17.17 and its 200 day moving average is $19.32. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.53.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.29) EPS. Research analysts expect that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. American Eagle Outfitters’s dividend payout ratio is currently 30.86%.

Hedge Funds Weigh In On American Eagle Outfitters

Several institutional investors and hedge funds have recently bought and sold shares of AEO. Marshall Wace LLP raised its stake in shares of American Eagle Outfitters by 920.6% in the third quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock valued at $94,066,000 after buying an additional 4,959,039 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of American Eagle Outfitters by 162.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock worth $105,818,000 after acquiring an additional 3,926,230 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of American Eagle Outfitters during the 4th quarter worth $40,954,000. Lazard Asset Management LLC increased its holdings in American Eagle Outfitters by 794.3% in the 1st quarter. Lazard Asset Management LLC now owns 1,296,011 shares of the apparel retailer’s stock worth $21,643,000 after acquiring an additional 1,151,091 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in American Eagle Outfitters in the 1st quarter valued at about $16,223,000. 97.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AEO has been the topic of several research analyst reports. William Blair reissued a “buy” rating on shares of American Eagle Outfitters in a research report on Wednesday, July 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 target price on shares of American Eagle Outfitters in a research report on Monday, July 6th. JPMorgan Chase & Co. lowered their target price on American Eagle Outfitters from $25.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, May 29th. Bank of America cut their price target on shares of American Eagle Outfitters from $20.00 to $16.00 and set an “underperform” rating on the stock in a report on Friday, May 29th. Finally, Weiss Ratings lowered shares of American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.91.

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.