Insider Selling: American Eagle Outfitters, Inc. (NYSE:AEO) CEO Sells $20,039,979.96 in Stock

American Eagle Outfitters, Inc. (NYSE:AEO) CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.04, for a total value of $20,039,979.96. Following the transaction, the chief executive officer now directly owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

American Eagle Outfitters Trading Up 0.9 %

NYSE:AEO opened at $20.68 on Thursday. The business’s fifty day moving average price is $20.66 and its 200 day moving average price is $21.97. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.01 and a beta of 1.50. American Eagle Outfitters, Inc. has a 1-year low of $15.19 and a 1-year high of $26.44.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. Equities analysts forecast that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Friday, October 11th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, October 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.42%. American Eagle Outfitters’s dividend payout ratio is 45.05%.

Institutional Trading of American Eagle Outfitters

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of American Eagle Outfitters by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 20,788,750 shares of the apparel retailer’s stock worth $536,142,000 after purchasing an additional 310,808 shares in the last quarter. American Century Companies Inc. raised its position in American Eagle Outfitters by 18.1% during the second quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock valued at $89,263,000 after acquiring an additional 684,420 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in American Eagle Outfitters by 36.4% during the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after acquiring an additional 865,355 shares in the last quarter. Victory Capital Management Inc. lifted its stake in American Eagle Outfitters by 165.4% in the second quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock valued at $62,034,000 after acquiring an additional 1,936,938 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in American Eagle Outfitters by 179.1% in the second quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock worth $53,722,000 after acquiring an additional 1,726,982 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AEO shares. Morgan Stanley lowered their price objective on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Thursday, May 30th. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. UBS Group reduced their price objective on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. TD Cowen cut their target price on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Finally, Barclays reduced their target price on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.00.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.