Cary D. Mcmillan Sells 2,999 Shares of American Eagle Outfitters, Inc. (NYSE:AEO) Stock

American Eagle Outfitters, Inc. (NYSE:AEO) Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $17.33 on Friday. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 1.09 and a beta of 1.53. American Eagle Outfitters, Inc. has a 1 year low of $15.36 and a 1 year high of $26.44. The firm’s 50 day moving average price is $17.26 and its two-hundred day moving average price is $19.38.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. American Eagle Outfitters’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Friday, January 10th. American Eagle Outfitters’s dividend payout ratio is presently 42.74%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its position in shares of American Eagle Outfitters by 511.9% in the 4th quarter. Hantz Financial Services Inc. now owns 430,860 shares of the apparel retailer’s stock valued at $7,182,000 after acquiring an additional 360,447 shares in the last quarter. Mount Yale Investment Advisors LLC raised its stake in American Eagle Outfitters by 37.0% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 12,209 shares of the apparel retailer’s stock valued at $204,000 after purchasing an additional 3,300 shares during the period. KBC Group NV lifted its holdings in shares of American Eagle Outfitters by 35.1% in the fourth quarter. KBC Group NV now owns 14,120 shares of the apparel retailer’s stock valued at $235,000 after purchasing an additional 3,668 shares in the last quarter. Blue Trust Inc. boosted its position in shares of American Eagle Outfitters by 95.7% in the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after buying an additional 937 shares during the period. Finally, Park Place Capital Corp purchased a new position in shares of American Eagle Outfitters during the fourth quarter valued at $45,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AEO has been the topic of several recent analyst reports. Barclays cut their target price on American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. UBS Group reduced their price objective on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, December 5th. BMO Capital Markets lowered their target price on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, December 5th. JPMorgan Chase & Co. reduced their price target on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group lowered their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, November 12th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.40.

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.