David M. Sable Sells 18,420 Shares of American Eagle Outfitters, Inc. (NYSE:AEO) Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director David M. Sable sold 18,420 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $22.04, for a total transaction of $405,976.80. Following the transaction, the director now owns 39,356 shares of the company’s stock, valued at $867,406.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

American Eagle Outfitters Trading Up 2.0 %

Shares of NYSE:AEO traded up $0.43 during trading on Monday, reaching $22.39. 6,575,786 shares of the company traded hands, compared to its average volume of 4,642,581. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 1.01 and a beta of 1.50. American Eagle Outfitters, Inc. has a 52-week low of $15.68 and a 52-week high of $26.44. The business’s fifty day moving average is $20.73 and its 200-day moving average is $21.95.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 earnings per share. On average, sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, October 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 45.05%.

Institutional Trading of American Eagle Outfitters

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its stake in American Eagle Outfitters by 299.7% in the fourth quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 905 shares during the period. UMB Bank n.a. purchased a new stake in American Eagle Outfitters in the first quarter worth $27,000. Nomura Asset Management Co. Ltd. lifted its stake in American Eagle Outfitters by 40.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock worth $44,000 after acquiring an additional 600 shares during the period. NBC Securities Inc. purchased a new stake in American Eagle Outfitters in the first quarter worth $59,000. Finally, CWM LLC lifted its stake in American Eagle Outfitters by 72.3% in the first quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock worth $63,000 after acquiring an additional 1,020 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Analyst Ratings Changes

AEO has been the subject of a number of recent analyst reports. TD Cowen reduced their price target on shares of 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. Telsey Advisory Group restated a “market perform” rating and set a $25.00 price target on shares of American Eagle Outfitters in a research report on Thursday, August 29th. UBS Group reduced their price target on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Barclays reduced their price target on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.00.

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.