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

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Jefferies Financial Group reduced their price objective 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. UBS Group decreased their price target on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, August 30th. Barclays dropped their price objective on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. TD Cowen cut their target price on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $23.00 price target on shares of American Eagle Outfitters in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, American Eagle Outfitters presently has an average rating of “Hold” and an average target price of $25.00.

American Eagle Outfitters Price Performance

The stock has a market capitalization of $3.57 billion, a P/E ratio of 14.86, a PEG ratio of 0.93 and a beta of 1.52. The stock’s fifty day moving average is $19.86 and its 200-day moving average is $20.66.

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

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio is currently 40.00%.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 2,283 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the transaction, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,050,702 shares of company stock worth $21,148,718 in the last quarter. 7.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC bought a new position in American Eagle Outfitters during the first quarter valued at about $423,000. Lazard Asset Management LLC lifted its position in American Eagle Outfitters by 76.0% in the first quarter. Lazard Asset Management LLC now owns 43,377 shares of the apparel retailer’s stock worth $1,118,000 after purchasing an additional 18,735 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in American Eagle Outfitters by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 112,685 shares of the apparel retailer’s stock worth $2,907,000 after buying an additional 6,940 shares in the last quarter. Bayesian Capital Management LP bought a new stake in American Eagle Outfitters in the 1st quarter valued at $598,000. Finally, Tidal Investments LLC raised its stake in shares of American Eagle Outfitters by 1.3% in the 1st quarter. Tidal Investments LLC now owns 132,994 shares of the apparel retailer’s stock valued at $3,430,000 after buying an additional 1,666 shares in the last quarter. Institutional investors own 97.33% of the company’s stock.

About American Eagle Outfitters

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.