Insider Selling: American Eagle Outfitters, Inc. (NYSE:AEO) CAO Sells $180,740.00 in Stock

American Eagle Outfitters, Inc. (NYSE:AEOGet Free Report) CAO James H. Keefer, Jr. sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $25.82, for a total transaction of $180,740.00. Following the transaction, the chief accounting officer now directly owns 17,266 shares in the company, valued at approximately $445,808.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

American Eagle Outfitters Stock Down 2.2 %

American Eagle Outfitters stock opened at $25.10 on Thursday. The firm has a market capitalization of $4.95 billion, a P/E ratio of 29.19, a PEG ratio of 1.22 and a beta of 1.59. The firm has a fifty day moving average of $23.00 and a 200-day moving average of $20.18. American Eagle Outfitters, Inc. has a 52-week low of $9.95 and a 52-week high of $26.44.

American Eagle Outfitters (NYSE:AEOGet Free Report) last released its quarterly earnings data on Thursday, March 7th. The apparel retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.50 by $0.11. American Eagle Outfitters had a return on equity of 17.76% and a net margin of 3.23%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company posted $0.37 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. On average, research analysts expect that American Eagle Outfitters, Inc. will post 1.71 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, April 11th. American Eagle Outfitters’s dividend payout ratio is presently 58.14%.

American Eagle Outfitters declared that its board has approved a share repurchase program on Thursday, February 1st that permits the company to buyback 30,000,000 outstanding shares. This buyback authorization permits the apparel retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AEO. Parallel Advisors LLC lifted its holdings in American Eagle Outfitters by 299.7% in the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after buying an additional 905 shares in the last quarter. State of Wyoming purchased a new stake in shares of American Eagle Outfitters during the fourth quarter worth about $27,000. Hexagon Capital Partners LLC lifted its stake in shares of American Eagle Outfitters by 6,980.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,416 shares of the apparel retailer’s stock worth $30,000 after acquiring an additional 1,396 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in American Eagle Outfitters in the third quarter valued at about $31,000. Finally, Canada Pension Plan Investment Board acquired a new stake in American Eagle Outfitters during the 1st quarter valued at approximately $37,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AEO. Citigroup raised their price objective on American Eagle Outfitters from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. UBS Group lifted their price target on American Eagle Outfitters from $27.00 to $29.00 and gave the company a “buy” rating in a report on Monday, February 26th. Bank of America increased their price objective on shares of American Eagle Outfitters from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Telsey Advisory Group increased their price target on shares of American Eagle Outfitters from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, March 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.82.

View Our Latest Analysis on AEO

About American Eagle Outfitters

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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.

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Insider Buying and Selling by Quarter for American Eagle Outfitters (NYSE:AEO)

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