American Eagle Outfitters (NYSE:AEO) Trading 4.7% Higher – Here’s What Happened

American Eagle Outfitters, Inc. (NYSE:AEO)’s stock price traded up 4.7% on Monday . The stock traded as high as $20.14 and last traded at $20.14. 2,070,525 shares were traded during trading, a decline of 54% from the average session volume of 4,504,437 shares. The stock had previously closed at $19.24.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group cut their price objective on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, August 30th. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Jefferies Financial Group cut their price objective on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Barclays cut their target price on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $23.00 target price on shares of American Eagle Outfitters in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.00.

American Eagle Outfitters Trading Up 4.8 %

The company has a market cap of $3.87 billion, a P/E ratio of 16.11, a PEG ratio of 0.96 and a beta of 1.52. The business has a 50 day moving average price of $19.79 and a 200-day moving average price of $20.55.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the business posted $0.25 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts expect that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Friday, October 11th. American Eagle Outfitters’s payout ratio is presently 40.00%.

Insider Buying and Selling

In related news, Director David M. Sable sold 18,420 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $22.04, for a total transaction of $405,976.80. Following the transaction, the director now directly owns 39,356 shares of the company’s stock, valued at approximately $867,406.24. The trade was a 31.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 1,771,851 shares in the company, valued at $35,507,894.04. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,050,702 shares of company stock valued at $21,148,718. 7.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEO. Price T Rowe Associates Inc. MD grew its holdings in American Eagle Outfitters by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 112,685 shares of the apparel retailer’s stock valued at $2,907,000 after buying an additional 6,940 shares in the last quarter. Comerica Bank grew its holdings in American Eagle Outfitters by 20.5% in the 1st quarter. Comerica Bank now owns 104,701 shares of the apparel retailer’s stock valued at $2,700,000 after buying an additional 17,836 shares in the last quarter. Mather Group LLC. grew its holdings in American Eagle Outfitters by 1,454.4% in the 2nd quarter. Mather Group LLC. now owns 93,110 shares of the apparel retailer’s stock valued at $1,858,000 after buying an additional 87,120 shares in the last quarter. SG Americas Securities LLC grew its holdings in American Eagle Outfitters by 417.2% in the 2nd quarter. SG Americas Securities LLC now owns 175,576 shares of the apparel retailer’s stock valued at $3,504,000 after buying an additional 141,628 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in American Eagle Outfitters in the 2nd quarter valued at $1,059,000. 97.33% of the stock is owned by institutional investors and hedge funds.

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.