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

American Eagle Outfitters (NYSE:AEO – Get Rating) released 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. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. American Eagle Outfitters had a return on equity of 13.27% and a net margin of 2.51%. American Eagle Outfitters’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share.

American Eagle Outfitters Price Performance

NYSE AEO traded up $0.52 during midday trading on Wednesday, hitting $12.07. The company had a trading volume of 10,633,180 shares, compared to its average volume of 3,930,112. The company has a market capitalization of $2.38 billion, a PE ratio of 18.63, a P/E/G ratio of 0.83 and a beta of 1.52. American Eagle Outfitters has a twelve month low of $9.46 and a twelve month high of $17.09. The company has a current ratio of 1.43, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $13.18 and a 200-day moving average price of $14.21.

American Eagle Outfitters Cuts Dividend

The business 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. The ex-dividend date was Wednesday, April 5th. This represents a $0.40 annualized dividend and a yield of 3.31%. American Eagle Outfitters’s dividend payout ratio is presently 64.52%.

Insider Buying and Selling

In related news, EVP Michael R. Rempell sold 2,967 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 172,003 shares in the company, valued at approximately $2,332,360.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Michael R. Rempell sold 12,510 shares of the firm’s 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 completion of the sale, the executive vice president now owns 172,003 shares of the company’s stock, valued at $2,258,399.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael R. Rempell sold 2,967 shares of the firm’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 sale, the executive vice president now directly owns 172,003 shares of the company’s stock, valued at approximately $2,332,360.68. The disclosure for this sale can be found here. Insiders have sold 43,202 shares of company stock worth $599,822 in the last 90 days. Insiders own 7.50% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

Several large investors have recently added to or reduced their stakes in AEO. Raymond James & Associates grew its stake in American Eagle Outfitters by 14.4% during the first quarter. Raymond James & Associates now owns 97,811 shares of the apparel retailer’s stock worth $1,643,000 after purchasing an additional 12,318 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in American Eagle Outfitters by 6.7% in the first 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 in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in American Eagle Outfitters by 70.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,172 shares of the apparel retailer’s stock worth $339,000 after acquiring an additional 8,343 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in American Eagle Outfitters by 11.6% in the first quarter. PNC Financial Services Group Inc. now owns 20,501 shares of the apparel retailer’s stock worth $344,000 after acquiring an additional 2,129 shares in the last quarter. Finally, AlphaCrest Capital Management LLC bought a new position in American Eagle Outfitters in the first quarter worth approximately $432,000. Institutional investors and hedge funds own 93.34% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AEO. JPMorgan Chase & Co. raised their price target on American Eagle Outfitters from $14.00 to $15.00 in a research note on Monday, May 8th. UBS Group reduced their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, March 29th. Telsey Advisory Group reiterated a “market perform” rating and set a $17.00 target price on shares of American Eagle Outfitters in a research note on Thursday, March 2nd. Jefferies Financial Group reduced their target price on American Eagle Outfitters from $16.00 to $14.00 in a research note on Tuesday, May 9th. Finally, StockNews.com assumed coverage on American Eagle Outfitters in a research note on Thursday, May 18th. They set a “hold” rating for the company. Two analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.08.

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.