Insider Selling: American Eagle Outfitters (NYSE:AEO) Director Sells $63,948.56 in Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Noel Spiegel sold 3,617 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $17.68, for a total value of $63,948.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, July 7th, Noel Spiegel sold 2,892 shares of American Eagle Outfitters stock. The stock was sold at an average price of $16.78, for a total value of $48,527.76.

American Eagle Outfitters Stock Down 1.3%

American Eagle Outfitters stock opened at $17.66 on Thursday. The company has a market capitalization of $2.96 billion, a P/E ratio of 9.01, a PEG ratio of 4.08 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.62 and a current ratio of 1.59. American Eagle Outfitters, Inc. has a fifty-two week low of $14.06 and a fifty-two week high of $28.46. The stock has a 50-day simple moving average of $16.75 and a 200-day simple moving average of $17.03.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.57. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. American Eagle Outfitters had a return on equity of 23.63% and a net margin of 5.91%.The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. Equities research analysts expect that American Eagle Outfitters, Inc. will post 2.24 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Friday, October 9th will be issued a $0.1250 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 9th. American Eagle Outfitters’s dividend payout ratio is presently 25.51%.

Institutional Investors Weigh In On American Eagle Outfitters

Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in American Eagle Outfitters in the 2nd quarter valued at $458,632,000. Goldman Sachs Group Inc. lifted its stake in shares of American Eagle Outfitters by 12.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock worth $158,231,000 after acquiring an additional 680,332 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of American Eagle Outfitters by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,261,614 shares of the apparel retailer’s stock worth $154,663,000 after acquiring an additional 509,326 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of American Eagle Outfitters by 162.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock valued at $105,818,000 after acquiring an additional 3,926,230 shares in the last quarter. Finally, Nykredit A S acquired a new position in shares of American Eagle Outfitters during the second quarter worth about $46,023,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on AEO shares. Bank of America reaffirmed an “underperform” rating and issued a $16.00 target price on shares of American Eagle Outfitters in a report on Friday, August 14th. Wall Street Zen raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Morgan Stanley dropped their price objective on shares of American Eagle Outfitters from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 10th. UBS Group reduced their target price on shares of American Eagle Outfitters from $31.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, September 10th. Finally, William Blair reiterated a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, American Eagle Outfitters has an average rating of “Hold” and an average target price of $19.55.

About American Eagle Outfitters

American Eagle Outfitters, Inc is a specialty retailer focused on apparel, accessories and personal-care products. The company operates primarily through the American Eagle and Aerie brands, offering casual clothing, denim, footwear and accessories, as well as intimates, activewear and lifestyle products.

American Eagle serves teenagers and young adults, while Aerie focuses on intimates, activewear and loungewear. The company sells its products through a network of retail stores, brand websites and other digital channels in the United States and internationally.