American Eagle Outfitters (NYSE:AEO) Insider Sells $2,532,276.30 in Stock

American Eagle Outfitters (NYSE:AEO) insider Jennifer M. Foyle sold 120,070 shares of the stock in a transaction that occurred on Friday, April 6th. The stock was sold at an average price of $21.09, for a total value of $2,532,276.30. Following the sale, the insider now owns 115,591 shares in the company, valued at $2,437,814.19. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of AEO stock opened at $21.29 on Friday. The company has a market cap of $3,820.99, a price-to-earnings ratio of 18.58, a P/E/G ratio of 2.08 and a beta of 1.03. American Eagle Outfitters has a 12-month low of $10.23 and a 12-month high of $22.03.

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American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Thursday, March 8th. The apparel retailer reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. American Eagle Outfitters had a net margin of 5.38% and a return on equity of 17.91%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the business posted $0.39 earnings per share. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. sell-side analysts anticipate that American Eagle Outfitters will post 1.46 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be given a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.58%. This is an increase from American Eagle Outfitters’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, April 12th. American Eagle Outfitters’s payout ratio is presently 47.41%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEO. Nationwide Fund Advisors raised its position in shares of American Eagle Outfitters by 8.2% in the third quarter. Nationwide Fund Advisors now owns 439,065 shares of the apparel retailer’s stock valued at $6,279,000 after buying an additional 33,414 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of American Eagle Outfitters by 11.0% in the third quarter. New York State Common Retirement Fund now owns 204,895 shares of the apparel retailer’s stock valued at $2,930,000 after buying an additional 20,295 shares in the last quarter. Legal & General Group Plc raised its position in shares of American Eagle Outfitters by 7.8% in the third quarter. Legal & General Group Plc now owns 291,015 shares of the apparel retailer’s stock valued at $4,160,000 after buying an additional 21,093 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of American Eagle Outfitters by 41.4% in the third quarter. Wells Fargo & Company MN now owns 796,725 shares of the apparel retailer’s stock valued at $11,394,000 after buying an additional 233,269 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of American Eagle Outfitters by 11.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,254,350 shares of the apparel retailer’s stock valued at $17,938,000 after buying an additional 130,739 shares in the last quarter. Institutional investors own 86.07% of the company’s stock.

Several research analysts have issued reports on AEO shares. Loop Capital started coverage on American Eagle Outfitters in a report on Thursday, March 22nd. They set a “buy” rating and a $25.00 price objective on the stock. Bank of America increased their price target on American Eagle Outfitters from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, March 9th. Buckingham Research set a $23.00 price target on American Eagle Outfitters and gave the company a “buy” rating in a research note on Friday, March 9th. Citigroup increased their price target on American Eagle Outfitters from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, March 9th. Finally, Morgan Stanley raised their price objective on American Eagle Outfitters from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Friday, March 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $18.37.

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American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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