Noel Joseph Spiegel Sells 2,892 Shares of American Eagle Outfitters (NYSE:AEO) Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Noel Joseph Spiegel sold 2,892 shares of American Eagle Outfitters stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total transaction of $48,527.76. The sale was disclosed in a document filed with the SEC, which is available at this link.

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $16.80 on Friday. American Eagle Outfitters, Inc. has a 52 week low of $9.58 and a 52 week high of $28.46. The firm’s 50-day simple moving average is $16.88 and its two-hundred day simple moving average is $20.17. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 10.37, a P/E/G ratio of 3.64 and a beta of 1.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.53 and a current ratio of 1.55.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.29) earnings per share. As a group, equities analysts forecast that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.50 annualized dividend and a yield of 3.0%. American Eagle Outfitters’s payout ratio is currently 30.86%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. The Goldman Sachs Group set a $22.00 target price on American Eagle Outfitters in a research note on Monday, June 1st. Citigroup cut their price target on American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, June 1st. Weiss Ratings downgraded American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Barclays cut their price objective on shares of American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. Finally, Wall Street Zen raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. One analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.91.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Strategic Investment Solutions Inc. IL boosted its stake in American Eagle Outfitters by 50.0% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 500 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in shares of American Eagle Outfitters during the 4th quarter worth approximately $31,000. Aster Capital Management DIFC Ltd bought a new position in shares of American Eagle Outfitters in the 4th quarter valued at about $32,000. Raymond James Financial Inc. bought a new stake in American Eagle Outfitters during the second quarter worth approximately $35,000. Finally, Federated Hermes Inc. lifted its stake in shares of American Eagle Outfitters by 151.0% in the 2nd quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock valued at $37,000 after purchasing an additional 2,315 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.