American Eagle Outfitters (NYSE:AEO) Trading 6.8% Higher – Time to Buy?

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) traded up 6.8% during trading on Monday . The company traded as high as $18.83 and last traded at $18.80. 1,013,542 shares were traded during mid-day trading, a decline of 77% from the average session volume of 4,494,840 shares. The stock had previously closed at $17.61.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Barclays dropped their target price on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Jefferies Financial Group decreased their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, November 12th. TD Cowen dropped their price objective on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Finally, UBS Group lowered their target price on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, American Eagle Outfitters currently has a consensus rating of “Hold” and an average target price of $25.00.

American Eagle Outfitters Trading Up 6.0 %

The firm has a 50-day simple moving average of $19.91 and a two-hundred day simple moving average of $20.75. The stock has a market cap of $3.59 billion, a P/E ratio of 15.20, a PEG ratio of 0.88 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the firm posted $0.25 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were given a dividend of $0.125 per share. The ex-dividend date was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.68%. American Eagle Outfitters’s payout ratio is 40.00%.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director David M. Sable sold 18,420 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $22.04, for a total transaction of $405,976.80. Following the completion of the sale, the director now directly owns 39,356 shares in the company, valued at $867,406.24. This represents a 31.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cary D. Mcmillan sold 2,283 shares of the firm’s 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 three months, insiders have sold 1,050,702 shares of company stock valued at $21,148,718. 7.30% of the stock is owned by corporate insiders.

Institutional Trading of American Eagle Outfitters

Several institutional investors and hedge funds have recently modified their holdings of the business. Kathleen S. Wright Associates Inc. bought a new position in American Eagle Outfitters in the third quarter valued at about $32,000. Advisors Asset Management Inc. grew its holdings in shares of American Eagle Outfitters by 171.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after purchasing an additional 1,608 shares during the last quarter. Innealta Capital LLC acquired a new position in American Eagle Outfitters during the 2nd quarter worth approximately $78,000. nVerses Capital LLC bought a new position in American Eagle Outfitters in the 2nd quarter valued at approximately $108,000. Finally, Picton Mahoney Asset Management acquired a new stake in American Eagle Outfitters in the second quarter valued at approximately $140,000. 97.33% of the stock is currently owned by institutional investors.

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.