Insider Selling: American Eagle Outfitters (NYSE:AEO) Director Sells 2,887 Shares of Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Noel Joseph Spiegel sold 2,887 shares of American Eagle Outfitters stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.32, for a total value of $50,002.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Noel Joseph Spiegel also recently made the following trade(s):

• On Wednesday, January 21st, Noel Joseph Spiegel sold 1,896 shares of American Eagle Outfitters stock. The shares were sold at an average price of $25.66, for a total value of $48,651.36.

American Eagle Outfitters Stock Performance

Shares of AEO stock traded up $0.96 during mid-day trading on Wednesday, hitting $18.32. 6,648,749 shares of the stock traded hands, compared to its average volume of 5,992,740. American Eagle Outfitters, Inc. has a twelve month low of $9.27 and a twelve month high of $28.46. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 1.19 and a beta of 1.50. The company’s 50-day simple moving average is $20.70 and its 200-day simple moving average is $20.89.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.13. American Eagle Outfitters had a return on equity of 16.76% and a net margin of 3.49%.The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts forecast that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.7%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 44.64%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AEO. Needham & Company LLC began coverage on American Eagle Outfitters in a research note on Thursday, March 26th. They set a “hold” rating for the company. UBS Group raised their price objective on American Eagle Outfitters from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Telsey Advisory Group reduced their price objective on American Eagle Outfitters from $28.00 to $25.00 and set a “market perform” rating for the company in a research note on Thursday, March 5th. Barclays reduced their price objective on American Eagle Outfitters from $24.00 to $19.00 and set an “underweight” rating for the company in a research note on Thursday, March 5th. Finally, The Goldman Sachs Group began coverage on American Eagle Outfitters in a research note on Thursday, December 11th. They set a “neutral” rating and a $25.00 price objective for the company. One analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $21.75.

Institutional Trading of American Eagle Outfitters

Hedge funds and other institutional investors have recently modified their holdings of the business. Kemnay Advisory Services Inc. acquired a new stake in shares of American Eagle Outfitters in the fourth quarter worth $31,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of American Eagle Outfitters in the fourth quarter worth $32,000. Strategic Investment Solutions Inc. IL boosted its position in shares of American Eagle Outfitters by 50.0% in the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after buying an additional 500 shares during the period. Farther Finance Advisors LLC boosted its position in shares of American Eagle Outfitters by 177.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,774 shares of the apparel retailer’s stock worth $47,000 after buying an additional 1,134 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in shares of American Eagle Outfitters by 31.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock worth $49,000 after buying an additional 447 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 (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.