David Sable Sells 5,779 Shares of American Eagle Outfitters (NYSE:AEO) Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director David Sable sold 5,779 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $17.23, for a total transaction of $99,572.17. Following the sale, the director owned 53,481 shares of the company’s stock, valued at approximately $921,477.63. The trade was a 9.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

American Eagle Outfitters Stock Down 3.5%

Shares of NYSE AEO opened at $17.51 on Thursday. American Eagle Outfitters, Inc. has a one year low of $10.29 and a one year high of $28.46. The business’s fifty day moving average price is $17.19 and its 200-day moving average price is $19.25. The stock has a market capitalization of $2.93 billion, a PE ratio of 10.81, a P/E/G ratio of 3.96 and a beta of 1.31. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.53.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.29) earnings per share. On average, equities research analysts anticipate that American Eagle Outfitters, Inc. will post 1.76 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters’s dividend payout ratio is presently 30.86%.

Institutional Trading of American Eagle Outfitters

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of American Eagle Outfitters by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 18,398,401 shares of the apparel retailer’s stock worth $485,166,000 after buying an additional 249,158 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of American Eagle Outfitters by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 9,261,614 shares of the apparel retailer’s stock valued at $154,663,000 after acquiring an additional 509,326 shares in the last quarter. State Street Corp raised its holdings in American Eagle Outfitters by 0.6% in the 4th quarter. State Street Corp now owns 6,606,362 shares of the apparel retailer’s stock worth $174,210,000 after acquiring an additional 39,334 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in American Eagle Outfitters by 162.9% in the 1st 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, Goldman Sachs Group Inc. lifted its position in 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 valued at $158,231,000 after acquiring an additional 680,332 shares in the last quarter. 97.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AEO. Barclays cut their price objective on shares of American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, May 29th. Wall Street Zen cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Telsey Advisory Group cut their price target on shares of American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday, May 29th. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 price objective on shares of American Eagle Outfitters in a research note on Monday, July 6th. Finally, TD Cowen decreased their price objective on American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.91.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.