American Eagle Outfitters, Inc. (NYSE:AEO) Insider Jennifer M. Foyle Sells 30,000 Shares

American Eagle Outfitters, Inc. (NYSE:AEO) insider Jennifer M. Foyle sold 30,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total transaction of $653,700.00. Following the transaction, the insider now owns 200,427 shares in the company, valued at approximately $4,367,304.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

American Eagle Outfitters Stock Down 2.1 %

NYSE:AEO traded down $0.46 during trading hours on Thursday, hitting $21.65. 4,693,749 shares of the company traded hands, compared to its average volume of 4,632,541. The company has a market cap of $4.25 billion, a PE ratio of 19.50, a PEG ratio of 1.01 and a beta of 1.51. The firm’s 50-day simple moving average is $20.79 and its 200-day simple moving average is $21.94. American Eagle Outfitters, Inc. has a one year low of $15.68 and a one year high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced 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. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities research analysts expect that American Eagle Outfitters, Inc. will post 1.78 EPS for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.31%. American Eagle Outfitters’s payout ratio is presently 45.05%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AEO shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of American Eagle Outfitters in a research note on Wednesday. Barclays lowered their target price on 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. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. UBS Group lowered their price objective on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, TD Cowen dropped their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.75.

Institutional Trading of American Eagle Outfitters

A number of institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC boosted its position 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 purchasing an additional 905 shares during the last quarter. UMB Bank n.a. bought a new position in American Eagle Outfitters during the first quarter valued at about $27,000. NBC Securities Inc. bought a new position in American Eagle Outfitters during the first quarter valued at about $59,000. CWM LLC increased its holdings in American Eagle Outfitters by 72.3% during the first quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock worth $63,000 after buying an additional 1,020 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its position in American Eagle Outfitters by 81.1% in the first quarter. Hexagon Capital Partners LLC now owns 2,564 shares of the apparel retailer’s stock worth $66,000 after acquiring an additional 1,148 shares during the period. 97.33% of the stock is owned by hedge funds and other institutional investors.

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.