American Eagle Outfitters (NYSE:AEO) Announces Earnings Results

American Eagle Outfitters (NYSE:AEO) announced its quarterly earnings data on Wednesday. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02, Zacks reports. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 EPS.

American Eagle Outfitters Trading Up 3.1 %

Shares of AEO stock traded up $0.61 during trading on Wednesday, reaching $20.54. 8,919,459 shares of the company’s stock traded hands, compared to its average volume of 4,540,382. The firm’s 50-day moving average is $19.77 and its 200 day moving average is $20.50. The company has a market capitalization of $3.94 billion, a P/E ratio of 16.07, a PEG ratio of 0.99 and a beta of 1.51. American Eagle Outfitters has a 1 year low of $16.88 and a 1 year high of $26.44.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Friday, October 11th. American Eagle Outfitters’s payout ratio is currently 40.00%.

Insider Transactions at American Eagle Outfitters

In other news, CEO Jay L. Schottenstein sold 999,999 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the sale, the chief executive officer now owns 1,771,851 shares in the company, valued at $35,507,894.04. This represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,050,702 shares of company stock valued at $21,148,718. Company insiders own 7.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AEO. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price objective on shares of American Eagle Outfitters in a research report on Wednesday, November 27th. Jefferies Financial Group reduced their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. Barclays cut their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. TD Cowen cut their price objective on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Finally, UBS Group lowered their price objective on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, American Eagle Outfitters has an average rating of “Hold” and an average price target of $25.00.

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.