Cary Mcmillan Sells 2,892 Shares of American Eagle Outfitters (NYSE:AEO) Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Cary Mcmillan sold 2,892 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total value of $48,498.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

American Eagle Outfitters Stock Up 0.7%

American Eagle Outfitters stock traded up $0.12 during midday trading on Friday, hitting $16.80. 2,666,505 shares of the company’s stock were exchanged, compared to its average volume of 4,475,604. 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, Inc. has a 12 month low of $9.58 and a 12 month high of $28.46. The firm has a 50-day moving average of $16.88 and a two-hundred day moving average of $20.17. The company has a market cap of $2.82 billion, a PE ratio of 10.37, a P/E/G ratio of 3.67 and a beta of 1.31.

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

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors 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 dividend on an annualized basis and a yield of 3.0%. American Eagle Outfitters’s payout ratio is 30.86%.

Institutional Trading of American Eagle Outfitters

A number of institutional investors have recently bought and sold shares of AEO. Kemnay Advisory Services Inc. acquired a new position in American Eagle Outfitters during the 4th quarter valued at approximately $31,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of American Eagle Outfitters during the fourth quarter valued at $32,000. Strategic Investment Solutions Inc. IL grew its holdings in shares of American Eagle Outfitters by 50.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock valued at $26,000 after buying an additional 500 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of American Eagle Outfitters by 177.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,774 shares of the apparel retailer’s stock valued at $47,000 after acquiring an additional 1,134 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in American Eagle Outfitters by 31.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock worth $49,000 after acquiring an additional 447 shares during the last quarter. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AEO. TD Cowen dropped their target price on American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Wall Street Zen raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. JPMorgan Chase & Co. decreased their price target on shares of American Eagle Outfitters from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. Telsey Advisory Group decreased their target price on shares of American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday, May 29th. Finally, Needham & Company LLC assumed coverage on shares of American Eagle Outfitters in a report on Thursday, March 26th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $19.91.

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.