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

American Eagle Outfitters (NYSE:AEO) gapped down prior to trading on Thursday after an insider sold shares in the company. The stock had previously closed at $23.69, but opened at $22.92. American Eagle Outfitters shares last traded at $22.45, with a volume of 4316288 shares trading hands.

Specifically, EVP Andrew J. Mclean sold 15,196 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $20.75, for a total transaction of $315,317.00. Following the completion of the sale, the executive vice president now owns 30,180 shares of the company’s stock, valued at approximately $626,235. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer M. Foyle sold 117,051 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $23.53, for a total transaction of $2,754,210.03. Following the sale, the insider now directly owns 144,228 shares of the company’s stock, valued at approximately $3,393,684.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,820 shares of company stock valued at $3,151,706. 6.30% of the stock is currently owned by insiders.

A number of analysts have recently weighed in on AEO shares. ValuEngine downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Jefferies Financial Group set a $28.00 price target on shares of American Eagle Outfitters and gave the stock a “buy” rating in a report on Thursday, March 7th. Zacks Investment Research downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, February 26th. Royal Bank of Canada downgraded shares of American Eagle Outfitters from an “outperform” rating to a “sector perform” rating and set a $24.00 price target for the company. in a report on Thursday. They noted that the move was a valuation call. Finally, Wedbush downgraded shares of American Eagle Outfitters from an “outperform” rating to a “neutral” rating in a report on Thursday. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $24.62.

The company has a market cap of $3.92 billion, a P/E ratio of 15.17, a P/E/G ratio of 2.12 and a beta of 0.80.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.26 billion. American Eagle Outfitters had a net margin of 6.49% and a return on equity of 20.86%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. On average, analysts predict that American Eagle Outfitters will post 1.59 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were paid a $0.1375 dividend. This represents a $0.55 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, April 11th. American Eagle Outfitters’s payout ratio is 37.16%.

Large investors have recently modified their holdings of the stock. Private Ocean LLC bought a new position in American Eagle Outfitters in the 1st quarter valued at approximately $27,000. Mckinley Capital Management LLC Delaware bought a new position in American Eagle Outfitters in the 4th quarter valued at approximately $35,000. FNY Investment Advisers LLC bought a new position in American Eagle Outfitters in the 1st quarter valued at approximately $66,000. Oregon Public Employees Retirement Fund lifted its stake in American Eagle Outfitters by 1,864.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,299,537 shares of the apparel retailer’s stock valued at $67,000 after purchasing an additional 1,233,392 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in American Eagle Outfitters by 131.5% in the 4th quarter. Acadian Asset Management LLC now owns 3,660 shares of the apparel retailer’s stock valued at $71,000 after purchasing an additional 2,079 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

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About American Eagle Outfitters (NYSE:AEO)

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle 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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