American Eagle Outfitters, Inc. (NYSE:AEO) Director David M. Sable Sells 18,420 Shares

American Eagle Outfitters, Inc. (NYSE:AEO) Director David M. Sable sold 18,420 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $22.04, for a total transaction of $405,976.80. Following the completion of the transaction, the director now directly owns 39,356 shares of the company’s stock, valued at approximately $867,406.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

American Eagle Outfitters Trading Up 0.9 %

Shares of NYSE AEO opened at $22.10 on Thursday. The firm’s 50-day moving average price is $20.79 and its 200-day moving average price is $21.94. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 1.01 and a beta of 1.51. American Eagle Outfitters, Inc. has a 12-month low of $15.68 and a 12-month high of $26.44.

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

American Eagle Outfitters Announces Dividend

The company also recently declared 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 of this dividend is Friday, October 11th. This represents a $0.50 annualized dividend and a yield of 2.26%. American Eagle Outfitters’s payout ratio is 45.05%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group dropped their target price on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, August 30th. Barclays decreased their price target on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. TD Cowen decreased their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price target on shares of American Eagle Outfitters in a research note on Wednesday. Finally, StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, American Eagle Outfitters presently has an average rating of “Hold” and an average target price of $25.75.

Hedge Funds Weigh In On American Eagle Outfitters

Several hedge funds have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its holdings in American Eagle Outfitters by 40.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 600 shares during the last quarter. Parallel Advisors LLC grew its holdings in American Eagle Outfitters by 299.7% during the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock valued at $26,000 after purchasing an additional 905 shares during the last quarter. Arizona State Retirement System grew its holdings in American Eagle Outfitters by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock valued at $1,049,000 after purchasing an additional 963 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in American Eagle Outfitters by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock valued at $1,856,000 after purchasing an additional 1,000 shares during the last quarter. Finally, CWM LLC grew its holdings in American Eagle Outfitters by 72.3% during the 1st quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock valued at $63,000 after purchasing an additional 1,020 shares during the last quarter. 97.33% of the stock is currently owned by institutional investors.

American Eagle Outfitters Company Profile

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.