American Eagle Outfitters, Inc. (NYSE:AEO) CEO Sells $20,039,979.96 in Stock

American Eagle Outfitters, Inc. (NYSE:AEO) CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the sale, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

American Eagle Outfitters Stock Down 0.5 %

American Eagle Outfitters stock traded down $0.11 during midday trading on Monday, reaching $20.25. 2,902,153 shares of the stock traded hands, compared to its average volume of 4,628,846. The stock’s fifty day moving average is $20.68 and its 200-day moving average is $21.99. American Eagle Outfitters, Inc. has a 12 month low of $14.75 and a 12 month high of $26.44. The stock has a market cap of $3.98 billion, a P/E ratio of 18.24, a PEG ratio of 0.95 and a beta of 1.50.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the company earned $0.25 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts predict that American Eagle Outfitters, Inc. will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AEO. UBS Group cut their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Barclays cut their target price on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. TD Cowen cut their target price on 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. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $25.00 target price on shares of American Eagle Outfitters in a research report on Thursday, August 29th. One investment 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.00.

Institutional Investors Weigh In On American Eagle Outfitters

Several institutional investors have recently modified their holdings of AEO. Norges Bank bought a new stake in shares of American Eagle Outfitters in the 4th quarter valued at approximately $20,917,000. PNC Financial Services Group Inc. lifted its stake in shares of American Eagle Outfitters by 11.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 22,884 shares of the apparel retailer’s stock valued at $484,000 after purchasing an additional 2,428 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of American Eagle Outfitters by 20.5% in the 4th quarter. Wells Fargo & Company MN now owns 322,696 shares of the apparel retailer’s stock valued at $6,828,000 after purchasing an additional 54,914 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of American Eagle Outfitters by 40.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 600 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of American Eagle Outfitters by 299.7% in the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock valued at $26,000 after purchasing an additional 905 shares during the last quarter. 97.33% of the stock is owned by institutional investors.

About American Eagle Outfitters

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.