American Eagle Outfitters, Inc. (NYSE:AEO) Director Sells $53,936.61 in Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Cary D. Mcmillan sold 2,577 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $20.93, for a total value of $53,936.61. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

American Eagle Outfitters Stock Performance

Shares of NYSE AEO opened at $21.17 on Monday. American Eagle Outfitters, Inc. has a fifty-two week low of $12.04 and a fifty-two week high of $26.44. The firm has a market capitalization of $4.16 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51. The stock’s 50-day simple moving average is $21.78 and its 200-day simple moving average is $22.33.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, May 29th. The apparel retailer reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.06. American Eagle Outfitters had a return on equity of 19.39% and a net margin of 4.12%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the company earned $0.17 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts forecast that American Eagle Outfitters, Inc. will post 1.75 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.36%. The ex-dividend date is Friday, July 12th. American Eagle Outfitters’s dividend payout ratio (DPR) is 45.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AEO shares. StockNews.com upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Monday, May 27th. Morgan Stanley reduced their price target on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Thursday, May 30th. JPMorgan Chase & Co. raised American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price target on the stock in a research report on Tuesday, April 9th. Barclays increased their price target on American Eagle Outfitters from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $25.00 price target on shares of American Eagle Outfitters in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, American Eagle Outfitters has a consensus rating of “Hold” and a consensus price target of $25.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AEO. Parallel Advisors LLC increased its position in American Eagle Outfitters by 299.7% during the fourth quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after buying an additional 905 shares during the period. UMB Bank n.a. acquired a new position in American Eagle Outfitters during the first quarter worth approximately $27,000. Hexagon Capital Partners LLC increased its position in American Eagle Outfitters by 6,980.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,416 shares of the apparel retailer’s stock worth $30,000 after buying an additional 1,396 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in American Eagle Outfitters during the fourth quarter worth approximately $38,000. Finally, Nomura Asset Management Co. Ltd. increased its position in American Eagle Outfitters by 40.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock worth $44,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.

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.