American Eagle Outfitters (NYSE:AEO) Releases Quarterly Earnings Results, Meets Estimates

American Eagle Outfitters (NYSE:AEO – Get Rating) released its earnings results on Wednesday. The apparel retailer reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17, Yahoo Finance reports. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. American Eagle Outfitters had a return on equity of 13.27% and a net margin of 2.51%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS.

American Eagle Outfitters Stock Performance

Shares of NYSE AEO opened at $10.63 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.43 and a quick ratio of 0.67. The stock’s fifty day moving average price is $13.10 and its two-hundred day moving average price is $14.17. American Eagle Outfitters has a one year low of $9.46 and a one year high of $17.09. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 0.82 and a beta of 1.52.

American Eagle Outfitters Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Shareholders of record on Thursday, April 6th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date was Wednesday, April 5th. American Eagle Outfitters’s dividend payout ratio is 64.52%.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, EVP Michael R. Rempell sold 12,510 shares of the company’s stock in a transaction on Monday, March 27th. The stock was sold at an average price of $13.13, for a total value of $164,256.30. Following the transaction, the executive vice president now directly owns 172,003 shares of the company’s stock, valued at approximately $2,258,399.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Michael R. Rempell sold 12,510 shares of the stock in a transaction on Monday, March 27th. The stock was sold at an average price of $13.13, for a total transaction of $164,256.30. Following the sale, the executive vice president now directly owns 172,003 shares of the company’s stock, valued at approximately $2,258,399.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Michael R. Rempell sold 18,997 shares of the stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $14.65, for a total value of $278,306.05. Following the sale, the executive vice president now directly owns 172,003 shares in the company, valued at $2,519,843.95. The disclosure for this sale can be found here. Insiders have sold a total of 43,202 shares of company stock valued at $599,822 in the last ninety days. 7.50% of the stock is currently owned by corporate insiders.

Institutional Trading of American Eagle Outfitters

Several large investors have recently modified their holdings of AEO. Vanguard Group Inc. boosted its stake in American Eagle Outfitters by 15.6% in the third quarter. Vanguard Group Inc. now owns 17,571,205 shares of the apparel retailer’s stock valued at $170,967,000 after buying an additional 2,369,726 shares in the last quarter. State Street Corp boosted its stake in American Eagle Outfitters by 5.2% in the first quarter. State Street Corp now owns 6,754,883 shares of the apparel retailer’s stock valued at $90,786,000 after buying an additional 335,414 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in American Eagle Outfitters by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 5,924,912 shares of the apparel retailer’s stock valued at $99,543,000 after buying an additional 72,940 shares in the last quarter. Morgan Stanley boosted its stake in American Eagle Outfitters by 22.0% in the fourth quarter. Morgan Stanley now owns 5,015,328 shares of the apparel retailer’s stock valued at $70,014,000 after buying an additional 903,782 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in American Eagle Outfitters by 4.6% in the first quarter. Geode Capital Management LLC now owns 3,139,774 shares of the apparel retailer’s stock valued at $42,199,000 after buying an additional 139,160 shares in the last quarter. 93.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. UBS Group cut their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, March 29th. StockNews.com began coverage on American Eagle Outfitters in a research note on Thursday, May 18th. They set a “hold” rating on the stock. BMO Capital Markets dropped their price objective on American Eagle Outfitters from $14.00 to $10.00 in a research note on Thursday. Telsey Advisory Group reiterated a “market perform” rating and set a $17.00 price objective on shares of American Eagle Outfitters in a research note on Thursday, March 2nd. Finally, Bank of America dropped their price objective on American Eagle Outfitters from $14.00 to $9.00 in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.38.

About American Eagle Outfitters

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American Eagle Outfitters, Inc is a multi-brand specialty retailer, which offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.