Cary D. Mcmillan Sells 2,999 Shares of American Eagle Outfitters, Inc. (NYSE:AEO) Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

American Eagle Outfitters Trading Down 0.5 %

NYSE:AEO opened at $17.16 on Thursday. American Eagle Outfitters, Inc. has a twelve month low of $15.36 and a twelve month high of $26.44. The company has a market cap of $3.30 billion, a P/E ratio of 14.66, a P/E/G ratio of 1.01 and a beta of 1.53. The company’s 50-day moving average price is $17.28 and its 200-day moving average price is $19.39.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 EPS. On average, analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Friday, January 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is 42.74%.

Analysts Set New Price Targets

AEO has been the topic of several recent analyst reports. Bank of America cut their target price on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. BMO Capital Markets lowered their price target on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday, December 5th. Telsey Advisory Group cut their price objective on shares of American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price target on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, StockNews.com raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $21.40.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AEO. Hsbc Holdings PLC raised its stake in American Eagle Outfitters by 131.4% during the 2nd quarter. Hsbc Holdings PLC now owns 31,371 shares of the apparel retailer’s stock valued at $621,000 after acquiring an additional 17,815 shares during the last quarter. Sei Investments Co. lifted its holdings in American Eagle Outfitters by 264.7% in the second quarter. Sei Investments Co. now owns 257,914 shares of the apparel retailer’s stock valued at $5,148,000 after acquiring an additional 187,196 shares during the period. Ensign Peak Advisors Inc boosted its holdings in American Eagle Outfitters by 13.0% during the second quarter. Ensign Peak Advisors Inc now owns 76,056 shares of the apparel retailer’s stock worth $1,518,000 after buying an additional 8,740 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of American Eagle Outfitters by 6.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 406,875 shares of the apparel retailer’s stock worth $8,121,000 after acquiring an additional 26,271 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in American Eagle Outfitters in the second quarter valued at $1,933,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

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.