American Eagle Outfitters Inc. (AEO) Shares Down 2.1%
American Eagle Outfitters Inc. (NYSE:AEO) shares were down 2.1% during mid-day trading on Tuesday . The stock traded as low as $18.28 and last traded at $18.32, with a volume of 979,178 shares. The stock had previously closed at $18.71.
Several research analysts have recently issued reports on AEO shares. Jefferies Group restated a “buy” rating on shares of American Eagle Outfitters in a report on Monday, August 1st. Deutsche Bank AG upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and raised their target price for the stock from $17.00 to $22.00 in a report on Monday, August 15th. FBR & Co upgraded shares of American Eagle Outfitters from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $17.00 to $19.00 in a report on Thursday, August 25th. Nomura restated a “hold” rating on shares of American Eagle Outfitters in a report on Wednesday, July 6th. Finally, Zacks Investment Research upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Monday, July 4th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $19.17.
The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 14.51 and a beta of 0.72. The stock’s 50 day moving average price is $18.50 and its 200-day moving average price is $16.47.
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American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, August 17th. The apparel retailer reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. American Eagle Outfitters had a return on equity of 21.00% and a net margin of 6.61%. The business had revenue of $823 million for the quarter, compared to the consensus estimate of $818.10 million. During the same quarter in the prior year, the company earned $0.17 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. Analysts anticipate that American Eagle Outfitters Inc. will post $1.31 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 7th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Wednesday, October 5th. American Eagle Outfitters’s payout ratio is 40.00%.
In other news, COO Michael R. Rempell sold 83,141 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $18.68, for a total transaction of $1,553,073.88. Following the transaction, the chief operating officer now owns 196,868 shares of the company’s stock, valued at approximately $3,677,494.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Michael R. Rempell sold 50,826 shares of the stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $18.84, for a total value of $957,561.84. Following the transaction, the chief operating officer now directly owns 106,077 shares in the company, valued at approximately $1,998,490.68. The disclosure for this sale can be found here. Insiders own 5.80% of the company’s stock.
Several institutional investors have recently bought and sold shares of AEO. Mason Street Advisors LLC bought a new stake in shares of American Eagle Outfitters during the second quarter worth $1,209,000. Legal & General Group Plc increased its stake in shares of American Eagle Outfitters by 8.1% in the second quarter. Legal & General Group Plc now owns 173,781 shares of the apparel retailer’s stock worth $2,758,000 after buying an additional 13,063 shares during the last quarter. Numeric Investors LLC increased its stake in shares of American Eagle Outfitters by 231.5% in the second quarter. Numeric Investors LLC now owns 1,211,000 shares of the apparel retailer’s stock worth $19,291,000 after buying an additional 845,677 shares during the last quarter. FDx Advisors Inc. bought a new stake in shares of American Eagle Outfitters during the second quarter worth $702,000. Finally, EverPoint Asset Management LLC bought a new stake in shares of American Eagle Outfitters during the second quarter worth $3,875,000. 95.03% of the stock is currently owned by institutional investors and hedge funds.
About American Eagle Outfitters
American Eagle Outfitters, Inc (AEO Inc) is a specialty retailer, operating over 1,000 retail stores and online at ae.com and aerie.com in the United States and internationally. The Company operates in the segment of American Eagle Outfitters Brand (AEO Brand) retail stores, Aerie by American Eagle Outfitters retail stores and AEO Direct.
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