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

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

American Eagle Outfitters Stock Performance

Shares of NYSE AEO traded up $0.02 during midday trading on Friday, reaching $10.65. 1,334,405 shares of the stock were exchanged, compared to its average volume of 4,055,619. American Eagle Outfitters has a twelve month low of $9.46 and a twelve month high of $17.09. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 0.85 and a beta of 1.52. The company has a quick ratio of 0.67, a current ratio of 1.43 and a debt-to-equity ratio of 0.01. The firm has a 50-day simple moving average of $13.10 and a two-hundred day simple moving average of $14.17.

American Eagle Outfitters Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Thursday, April 6th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, April 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.76%. American Eagle Outfitters’s payout ratio is 72.73%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays cut their price objective on shares of American Eagle Outfitters from $13.00 to $11.00 in a research report on Thursday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of American Eagle Outfitters from $17.00 to $14.00 in a research report on Thursday. Bank of America decreased their price target on shares of American Eagle Outfitters from $14.00 to $9.00 in a research report on Thursday. UBS Group decreased their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, March 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of American Eagle Outfitters from $14.00 to $15.00 in a research report on Monday, May 8th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, American Eagle Outfitters presently has an average rating of “Hold” and an average target price of $13.38.

Insider Activity

In other news, EVP Michael R. Rempell sold 12,510 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 172,003 shares in the company, valued at approximately $2,258,399.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other American Eagle Outfitters news, EVP Michael R. Rempell sold 5,761 shares of the firm’s stock in a transaction on Friday, March 31st. The stock was sold at an average price of $13.33, for a total value of $76,794.13. Following the transaction, the executive vice president now owns 172,003 shares in the company, valued at approximately $2,292,799.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael R. Rempell sold 12,510 shares of the firm’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $13.13, for a total value of $164,256.30. Following the completion of the transaction, the executive vice president now owns 172,003 shares in the company, valued at approximately $2,258,399.39. The disclosure for this sale can be found here. Insiders have sold 43,202 shares of company stock worth $599,822 in the last quarter. Corporate insiders own 7.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BRYN MAWR TRUST Co raised its holdings in shares of 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 worth $1,378,000 after acquiring an additional 982 shares during the period. LPL Financial LLC raised 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 worth $299,000 after acquiring an additional 1,004 shares during the period. Price T Rowe Associates Inc. MD raised 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 worth $911,000 after acquiring an additional 1,061 shares during the period. Raymond James Financial Services Advisors Inc. raised 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 worth $330,000 after acquiring an additional 1,241 shares during the period. Finally, State of Wyoming purchased a new position in shares of American Eagle Outfitters during the 4th quarter worth $27,000. Hedge funds and other institutional investors own 93.34% of the company’s stock.

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.