American Eagle Outfitters (NYSE:AEO) Posts Earnings Results, Hits Estimates

American Eagle Outfitters (NYSE:AEO – Get Rating) posted its quarterly earnings results on Wednesday. The apparel retailer reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17, Yahoo Finance reports. American Eagle Outfitters had a return on equity of 13.20% and a net margin of 2.23%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $0.16 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis.

American Eagle Outfitters Trading Down 1.4 %

AEO traded down $0.15 during midday trading on Friday, reaching $10.48. 2,288,339 shares of the company’s stock traded hands, compared to its average volume of 4,062,349. The firm has a fifty day moving average of $13.10 and a two-hundred day moving average of $14.17. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 0.85 and a beta of 1.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.43 and a quick ratio of 0.67. American Eagle Outfitters has a 52 week low of $9.46 and a 52 week high of $17.09.

American Eagle Outfitters Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Thursday, April 6th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date was Wednesday, April 5th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 72.73%.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, EVP Michael R. Rempell sold 2,967 shares of the company’s stock in a transaction that occurred on Monday, April 10th. The stock was sold at an average price of $13.56, for a total transaction of $40,232.52. Following the completion of the transaction, the executive vice president now owns 172,003 shares of the company’s stock, valued at approximately $2,332,360.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other American Eagle Outfitters news, EVP Michael R. Rempell sold 18,997 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $14.65, for a total transaction of $278,306.05. Following the transaction, the executive vice president now owns 172,003 shares in the company, valued at approximately $2,519,843.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael R. Rempell sold 2,967 shares of the company’s stock in a transaction that occurred on Monday, April 10th. The stock was sold at an average price of $13.56, for a total value of $40,232.52. Following the transaction, the executive vice president now owns 172,003 shares in the company, valued at approximately $2,332,360.68. The disclosure for this sale can be found here. Insiders sold 43,202 shares of company stock valued at $599,822 in the last 90 days. Insiders own 7.50% of the company’s stock.

Institutional Trading of American Eagle Outfitters

Several institutional investors have recently added to or reduced their stakes in the business. BRYN MAWR TRUST Co boosted its stake in American Eagle Outfitters by 1.0% during the 1st quarter. BRYN MAWR TRUST Co now owns 102,497 shares of the apparel retailer’s stock valued at $1,378,000 after purchasing an additional 982 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of American Eagle Outfitters by 4.9% during the 4th quarter. LPL Financial LLC now owns 21,406 shares of the apparel retailer’s stock valued at $299,000 after buying an additional 1,004 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of American Eagle Outfitters by 1.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 81,461 shares of the apparel retailer’s stock valued at $911,000 after buying an additional 1,061 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of American Eagle Outfitters by 6.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 19,670 shares of the apparel retailer’s stock valued at $330,000 after buying an additional 1,241 shares during the period. Finally, State of Wyoming bought a new position in shares of American Eagle Outfitters during the 4th quarter valued at $27,000. 93.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AEO has been the subject of a number of analyst reports. Jefferies Financial Group cut their price target on American Eagle Outfitters from $16.00 to $14.00 in a report on Tuesday, May 9th. Telsey Advisory Group reissued 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. Barclays dropped their price objective on American Eagle Outfitters from $13.00 to $11.00 in a research note on Thursday. BMO Capital Markets dropped their price objective on American Eagle Outfitters from $14.00 to $10.00 in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on American Eagle Outfitters from $17.00 to $14.00 in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, American Eagle Outfitters currently has an average rating of “Hold” and an average target price 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.