American Eagle Outfitters Director Buys $74,450 in Stock (AEO)
American Eagle Outfitters (NYSE:AEO) Director Noel Joseph Spiegel purchased 5,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average cost of $14.89 per share, with a total value of $74,450.00. Following the transaction, the director now directly owns 15,000 shares in the company. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on AEO shares. Analysts at Nomura initiated coverage on shares of American Eagle Outfitters (NYSE:AEO) in a research note to investors on Monday, September 9th. They set a “neutral” rating and a $15.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of American Eagle Outfitters (NYSE:AEO) from $17.00 to $16.00 in a research note to investors on Friday, August 30th. They now have a “neutral” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of American Eagle Outfitters (NYSE:AEO) from $21.00 to $17.00 in a research note to investors on Thursday, August 22nd. They now have an “outperform” rating on the stock.
Eighteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.88.
American Eagle Outfitters (NYSE:AEO) traded up 1.46% on Wednesday, hitting $15.34. The stock had a trading volume of 4,295,773 shares. American Eagle Outfitters has a 52-week low of $14.27 and a 52-week high of $23.94. The stock’s 50-day moving average is $16.19 and its 200-day moving average is $18.51. The company has a market cap of $2.956 billion and a price-to-earnings ratio of 13.67. American Eagle Outfitters also saw some unusual options trading activity on Tuesday. Stock investors purchased 14,985 call options on the stock. This is an increase of approximately 649% compared to the typical volume of 2,000 call options.
American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.10 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.10. The company had revenue of $727.00 million for the quarter, compared to the consensus estimate of $719.25 million. During the same quarter last year, the company posted $0.21 earnings per share. American Eagle Outfitters’s revenue was down 1.7% compared to the same quarter last year. On average, analysts predict that American Eagle Outfitters will post $0.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 16th. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.13 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Monday, September 30th.
American Eagle Outfitters, Inc (NYSE:AEO) is a specialty retailer that operates in the United Sates and Canada, and online at ae.
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