Andrew J. Mclean Sells 14,984 Shares of American Eagle Outfitters (AEO) Stock

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American Eagle Outfitters (NYSE:AEO) EVP Andrew J. Mclean sold 14,984 shares of the business’s stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $18.26, for a total transaction of $273,607.84. Following the sale, the executive vice president now owns 14,984 shares of the company’s stock, valued at $273,607.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

AEO opened at $18.42 on Wednesday. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 1.20 and a beta of 0.78. American Eagle Outfitters has a 1-year low of $16.14 and a 1-year high of $29.88.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Tuesday, December 11th. The apparel retailer reported $0.48 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.48. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1.02 billion. American Eagle Outfitters had a net margin of 6.96% and a return on equity of 21.28%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. On average, sell-side analysts anticipate that American Eagle Outfitters will post 1.47 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a $0.1375 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.99%. American Eagle Outfitters’s payout ratio is currently 47.41%.

Several institutional investors and hedge funds have recently bought and sold shares of AEO. Wells Fargo & Company MN boosted its position in shares of American Eagle Outfitters by 72.1% during the second quarter. Wells Fargo & Company MN now owns 944,039 shares of the apparel retailer’s stock worth $21,948,000 after acquiring an additional 395,556 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of American Eagle Outfitters by 81.4% during the second quarter. PNC Financial Services Group Inc. now owns 138,027 shares of the apparel retailer’s stock worth $3,210,000 after acquiring an additional 61,932 shares during the last quarter. Bank of America Corp DE boosted its position in shares of American Eagle Outfitters by 28.8% during the second quarter. Bank of America Corp DE now owns 1,050,886 shares of the apparel retailer’s stock worth $24,433,000 after acquiring an additional 234,855 shares during the last quarter. ClariVest Asset Management LLC boosted its position in shares of American Eagle Outfitters by 10.4% during the second quarter. ClariVest Asset Management LLC now owns 370,180 shares of the apparel retailer’s stock worth $8,608,000 after acquiring an additional 34,754 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of American Eagle Outfitters by 7.8% during the third quarter. Rhumbline Advisers now owns 354,023 shares of the apparel retailer’s stock worth $8,790,000 after acquiring an additional 25,510 shares during the last quarter. Institutional investors and hedge funds own 91.02% of the company’s stock.

AEO has been the subject of several recent research reports. Wedbush upgraded shares of American Eagle Outfitters from a “neutral” rating to an “outperform” rating and set a $29.00 target price for the company in a research report on Monday, October 15th. Citigroup upgraded shares of American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Friday, October 19th. ValuEngine lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Bank of America lowered shares of American Eagle Outfitters from a “neutral” rating to an “underperform” rating and set a $18.00 target price for the company. in a research report on Thursday, November 1st. Finally, UBS Group boosted their target price on shares of American Eagle Outfitters from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. American Eagle Outfitters presently has an average rating of “Buy” and an average price target of $23.94.

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About American Eagle Outfitters

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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