American Eagle Outfitters (NYSE:AEO) Trading 4.7% Higher – Here’s What Happened

American Eagle Outfitters, Inc. (NYSE:AEO)’s stock price traded up 4.7% on Monday . The company traded as high as $20.14 and last traded at $20.14. 2,070,525 shares changed hands during trading, a decline of 54% from the average session volume of 4,504,437 shares. The stock had previously closed at $19.24.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 target price on shares of American Eagle Outfitters in a research report on Wednesday, November 27th. Jefferies Financial Group cut their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, November 12th. TD Cowen cut their target price on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, August 30th. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, UBS Group dropped their price objective on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $25.00.

American Eagle Outfitters Price Performance

The stock has a market capitalization of $3.87 billion, a P/E ratio of 16.11, a P/E/G ratio of 0.96 and a beta of 1.52. The firm has a 50-day simple moving average of $19.79 and a 200 day simple moving average of $20.55.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $1.29 billion during 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 business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. Sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were given a $0.125 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.50 annualized dividend and a yield of 2.48%. American Eagle Outfitters’s dividend payout ratio is presently 40.00%.

Insider Activity

In other news, Director David M. Sable sold 18,420 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $22.04, for a total value of $405,976.80. Following the completion of the sale, the director now owns 39,356 shares of the company’s stock, valued at approximately $867,406.24. This represents a 31.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,050,702 shares of company stock valued at $21,148,718. Company insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC grew its stake in American Eagle Outfitters by 417.2% during the second quarter. SG Americas Securities LLC now owns 175,576 shares of the apparel retailer’s stock worth $3,504,000 after purchasing an additional 141,628 shares during the period. Intech Investment Management LLC acquired a new stake in American Eagle Outfitters during the third quarter worth approximately $3,731,000. Victory Capital Management Inc. grew its stake in American Eagle Outfitters by 165.4% during the second quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock worth $62,034,000 after purchasing an additional 1,936,938 shares during the period. Dupree Financial Group LLC acquired a new stake in American Eagle Outfitters during the third quarter worth approximately $3,146,000. Finally, Renaissance Technologies LLC acquired a new stake in American Eagle Outfitters during the second quarter worth approximately $16,861,000. 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.