American Eagle Outfitters (NYSE:AEO) Stock Price Up 1.9% - Here's What Happened

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report)'s share price traded up 1.9% on Monday . The company traded as high as $18.39 and last traded at $18.33. 1,558,342 shares changed hands during trading, a decline of 66% from the average session volume of 4,637,051 shares. The stock had previously closed at $17.99.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Bank of America cut their price objective on American Eagle Outfitters from $25.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday. TD Cowen reduced their price target on American Eagle Outfitters from $25.00 to $23.00 and set a "hold" rating on the stock in a research report on Friday, August 30th. BMO Capital Markets lowered their price objective on shares of American Eagle Outfitters from $22.00 to $20.00 and set a "market perform" rating for the company in a research report on Thursday. Telsey Advisory Group dropped their price objective on shares of American Eagle Outfitters from $23.00 to $20.00 and set a "market perform" rating on the stock in a research note on Thursday. Finally, UBS Group decreased their target price on shares of American Eagle Outfitters from $34.00 to $32.00 and set a "buy" rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, American Eagle Outfitters has a consensus rating of "Hold" and an average target price of $22.40.

American Eagle Outfitters Trading Down 0.6 %

The company's 50-day moving average price is $19.62 and its two-hundred day moving average price is $20.40. The company has a market cap of $3.43 billion, a P/E ratio of 15.67, a P/E/G ratio of 1.13 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. American Eagle Outfitters's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. As a group, analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Friday, October 11th. American Eagle Outfitters's dividend payout ratio is presently 42.74%.

Insider Buying and Selling at American Eagle Outfitters

In other news, CEO Jay L. Schottenstein sold 999,999 shares of the business'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 completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Cary D. Mcmillan sold 2,283 shares of the business's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. The disclosure for this sale can be found here. Insiders sold a total of 1,050,702 shares of company stock worth $21,148,718 over the last 90 days. Insiders own 7.30% of the company's stock.

Institutional Investors Weigh In On American Eagle Outfitters

Hedge funds have recently made changes to their positions in the business. Kathleen S. Wright Associates Inc. bought a new position in American Eagle Outfitters in the 3rd quarter worth approximately $32,000. Advisors Asset Management Inc. grew its stake in shares of American Eagle Outfitters by 171.1% in the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer's stock worth $57,000 after purchasing an additional 1,608 shares in the last quarter. Innealta Capital LLC bought a new position in shares of American Eagle Outfitters in the second quarter worth $78,000. nVerses Capital LLC bought a new stake in shares of American Eagle Outfitters during the second quarter valued at about $108,000. Finally, Picton Mahoney Asset Management acquired a new stake in American Eagle Outfitters in the second quarter worth about $140,000. 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.

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