American Eagle Outfitters (AEO) Shares Gap Down Following Insider Selling

American Eagle Outfitters (NYSE:AEO) shares gapped down prior to trading on Monday following insider selling activity. The stock had previously closed at $23.63, but opened at $23.10. American Eagle Outfitters shares last traded at $22.77, with a volume of 5083198 shares traded.

Specifically, EVP Michael R. Rempell sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $22.00, for a total value of $550,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer M. Foyle sold 22,000 shares of the business’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $19.69, for a total value of $433,180.00. Following the completion of the transaction, the insider now directly owns 49,791 shares of the company’s stock, valued at $980,384.79. The disclosure for this sale can be found here. Over the last three months, insiders sold 401,233 shares of company stock valued at $8,591,455. Corporate insiders own 6.30% of the company’s stock.

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Several research analysts have recently commented on AEO shares. Zacks Investment Research raised American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Monday, May 7th. Loop Capital started coverage on American Eagle Outfitters in a research report on Thursday, March 22nd. They set a “buy” rating and a $25.00 target price on the stock. Jefferies Group reaffirmed a “buy” rating and set a $24.00 target price on shares of American Eagle Outfitters in a research report on Friday, February 23rd. SunTrust Banks reaffirmed a “buy” rating on shares of American Eagle Outfitters in a research report on Friday, February 2nd. Finally, Buckingham Research set a $23.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research report on Friday, March 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $19.83.

The company has a market cap of $4.07 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 2.23 and a beta of 1.02.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Thursday, March 8th. The apparel retailer reported $0.44 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. American Eagle Outfitters had a return on equity of 17.91% and a net margin of 5.38%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS. research analysts expect that American Eagle Outfitters will post 1.47 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 27th. Shareholders of record on Friday, April 13th were paid a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a yield of 2.42%. The ex-dividend date was Thursday, April 12th. This is an increase from American Eagle Outfitters’s previous quarterly dividend of $0.13. American Eagle Outfitters’s payout ratio is presently 47.41%.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in American Eagle Outfitters by 2.2% during the 1st quarter. BlackRock Inc. now owns 18,405,709 shares of the apparel retailer’s stock valued at $366,827,000 after purchasing an additional 397,453 shares during the last quarter. Bank of New York Mellon Corp grew its stake in American Eagle Outfitters by 6.2% during the 4th quarter. Bank of New York Mellon Corp now owns 4,977,208 shares of the apparel retailer’s stock valued at $93,573,000 after purchasing an additional 289,368 shares during the last quarter. Ceredex Value Advisors LLC purchased a new stake in American Eagle Outfitters during the 1st quarter valued at about $60,754,000. Senvest Management LLC grew its stake in American Eagle Outfitters by 44.1% during the 1st quarter. Senvest Management LLC now owns 2,764,500 shares of the apparel retailer’s stock valued at $55,096,000 after purchasing an additional 845,400 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in American Eagle Outfitters by 6,294.3% during the 4th quarter. Victory Capital Management Inc. now owns 2,211,964 shares of the apparel retailer’s stock valued at $41,585,000 after purchasing an additional 2,177,371 shares during the last quarter. Institutional investors and hedge funds own 85.90% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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