American Eagle Outfitters (NYSE:AEO) Chairman Jay L. Schottenstein sold 842,206 shares of American Eagle Outfitters stock in a transaction dated Thursday, June 21st. The stock was sold at an average price of $25.42, for a total value of $21,408,876.52. Following the completion of the transaction, the chairman now owns 999,843 shares of the company’s stock, valued at approximately $25,416,009.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of American Eagle Outfitters opened at $23.10 on Thursday, MarketBeat Ratings reports. American Eagle Outfitters has a 1 year low of $10.23 and a 1 year high of $25.77. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 2.25 and a beta of 1.04.
American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, May 31st. The apparel retailer reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $823.00 million during the quarter, compared to analyst estimates of $811.46 million. American Eagle Outfitters had a return on equity of 18.65% and a net margin of 5.67%. American Eagle Outfitters’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share. equities research analysts forecast that American Eagle Outfitters will post 1.51 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 27th. Investors of record on Friday, July 13th will be issued a $0.1375 dividend. The ex-dividend date of this dividend is Thursday, July 12th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.38%. American Eagle Outfitters’s payout ratio is 47.41%.
Several research firms recently commented on AEO. Jefferies Financial Group reiterated a “buy” rating and issued a $30.00 price target on shares of American Eagle Outfitters in a research report on Thursday, June 21st. Buckingham Research set a $23.00 price target on American Eagle Outfitters and gave the stock a “buy” rating in a research report on Friday, March 9th. Telsey Advisory Group lifted their price target on American Eagle Outfitters from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, June 1st. Zacks Investment Research lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, May 14th. Finally, Wedbush began coverage on American Eagle Outfitters in a research report on Thursday, May 10th. They issued an “outperform” rating and a $25.00 price target for the company. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $20.89.
Several hedge funds and other institutional investors have recently made changes to their positions in AEO. Advisor Group Inc. boosted its holdings in shares of American Eagle Outfitters by 291.6% in the fourth quarter. Advisor Group Inc. now owns 7,257 shares of the apparel retailer’s stock valued at $137,000 after purchasing an additional 5,404 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of American Eagle Outfitters in the fourth quarter valued at approximately $189,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of American Eagle Outfitters in the fourth quarter valued at approximately $202,000. CIBC World Markets Inc. purchased a new stake in shares of American Eagle Outfitters in the first quarter valued at approximately $232,000. Finally, Zeke Capital Advisors LLC purchased a new stake in shares of American Eagle Outfitters in the fourth quarter valued at approximately $234,000. Hedge funds and other institutional investors own 85.39% of the company’s stock.
American Eagle Outfitters Company Profile
American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.
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