American Eagle Outfitters (NYSE:AEO) Posts Quarterly Earnings Results, Beats Estimates By $0.57 EPS

American Eagle Outfitters (NYSE:AEO) released its quarterly earnings data on Wednesday. The apparel retailer reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.57, Zacks reports. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%.

American Eagle Outfitters Stock Down 1.8%

NYSE AEO traded down $0.32 on Wednesday, hitting $16.91. 16,492,313 shares of the company were exchanged, compared to its average volume of 5,385,502. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05. The company has a market cap of $2.83 billion, a PE ratio of 10.44, a PEG ratio of 3.80 and a beta of 1.33. The stock has a fifty day moving average of $17.02 and a 200-day moving average of $17.68. American Eagle Outfitters has a 12 month low of $14.06 and a 12 month high of $28.46.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director David Sable sold 5,779 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $17.23, for a total transaction of $99,572.17. Following the transaction, the director owned 53,481 shares in the company, valued at approximately $921,477.63. This represents a 9.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cary D. Mcmillan sold 2,892 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total transaction of $48,498.84. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 11,563 shares of company stock valued at $196,599. Corporate insiders own 8.95% of the company’s stock.

Hedge Funds Weigh In On American Eagle Outfitters

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of American Eagle Outfitters by 24.8% during the first quarter. Royal Bank of Canada now owns 162,243 shares of the apparel retailer’s stock valued at $1,885,000 after buying an additional 32,191 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of American Eagle Outfitters by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer’s stock worth $1,229,000 after purchasing an additional 4,599 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of American Eagle Outfitters by 1,238.2% in the first quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock valued at $611,000 after purchasing an additional 48,624 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of American Eagle Outfitters by 9.6% in the first quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock valued at $185,000 after purchasing an additional 1,398 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of American Eagle Outfitters by 349.9% during the second quarter. Marshall Wace LLP now owns 538,681 shares of the apparel retailer’s stock valued at $5,182,000 after buying an additional 418,943 shares during the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on AEO shares. JPMorgan Chase & Co. raised their target price on shares of American Eagle Outfitters from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, August 18th. Weiss Ratings restated a “hold (c)” rating on shares of American Eagle Outfitters in a report on Thursday, August 27th. William Blair reiterated a “buy” rating on shares of American Eagle Outfitters in a research report on Wednesday, July 15th. Citigroup reduced their price objective on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, June 1st. Finally, TD Cowen decreased their price target on American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, American Eagle Outfitters has an average rating of “Hold” and an average price target of $20.18.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.