American Eagle Outfitters (NYSE:AEO) insider Charles F. Kessler sold 140,427 shares of the firm’s stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $22.36, for a total value of $3,139,947.72. Following the completion of the sale, the insider now directly owns 260,508 shares of the company’s stock, valued at approximately $5,824,958.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of American Eagle Outfitters traded up $0.15, reaching $22.97, during mid-day trading on Friday, MarketBeat Ratings reports. The stock had a trading volume of 325,437 shares, compared to its average volume of 4,610,639. American Eagle Outfitters has a 12-month low of $10.23 and a 12-month high of $23.23. The stock has a market cap of $3.95 billion, a P/E ratio of 19.67, a P/E/G ratio of 2.18 and a beta of 1.02.
American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, March 8th. The apparel retailer reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. American Eagle Outfitters had a return on equity of 17.91% and a net margin of 5.38%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the business posted $0.39 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. analysts forecast that American Eagle Outfitters will post 1.46 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 27th. Stockholders of record on Friday, April 13th were given a $0.1375 dividend. The ex-dividend date was Thursday, April 12th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.39%. This is a boost from American Eagle Outfitters’s previous quarterly dividend of $0.13. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 47.41%.
AEO has been the subject of a number of recent analyst reports. Jefferies Group reissued a “buy” rating and issued a $24.00 target price on shares of American Eagle Outfitters in a report on Friday, February 23rd. ValuEngine raised American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a report on Friday, March 2nd. Zacks Investment Research downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Loop Capital initiated coverage on American Eagle Outfitters in a report on Thursday, March 22nd. They issued a “buy” rating and a $25.00 target price for the company. Finally, SunTrust Banks reissued a “buy” rating on shares of American Eagle Outfitters in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $19.83.
Several hedge funds have recently made changes to their positions in the company. Millennium Management LLC purchased a new stake in American Eagle Outfitters during the 4th quarter worth about $11,076,000. Quadrature Capital Ltd purchased a new stake in American Eagle Outfitters during the 4th quarter worth about $2,918,000. Schwab Charles Investment Management Inc. increased its position in American Eagle Outfitters by 3.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,303,576 shares of the apparel retailer’s stock worth $24,508,000 after purchasing an additional 49,226 shares in the last quarter. Maverick Capital Ltd. increased its position in American Eagle Outfitters by 604.3% during the 4th quarter. Maverick Capital Ltd. now owns 906,132 shares of the apparel retailer’s stock worth $17,035,000 after purchasing an additional 777,472 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in American Eagle Outfitters by 50.2% during the 4th quarter. Alliancebernstein L.P. now owns 375,833 shares of the apparel retailer’s stock worth $7,066,000 after purchasing an additional 125,630 shares in the last quarter. Institutional investors and hedge funds own 85.90% of the company’s stock.
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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