American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report)'s stock price was up 0.8% on Wednesday following a stronger than expected earnings report. The stock traded as high as $20.12 and last traded at $20.09. Approximately 1,302,310 shares were traded during trading, a decline of 71% from the average daily volume of 4,522,815 shares. The stock had previously closed at $19.93.
The apparel retailer reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. 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 for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the firm earned $0.49 earnings per share. The business's quarterly revenue was down .9% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were paid a $0.125 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.43%. American Eagle Outfitters's payout ratio is 40.00%.
Several equities research analysts have issued reports on the stock. Telsey Advisory Group reiterated a "market perform" rating and set a $23.00 target price on shares of American Eagle Outfitters in a research report on Wednesday, November 27th. TD Cowen dropped their price target on shares of 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. 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 research note on Friday, August 30th. Jefferies Financial Group reduced their target price on shares of American Eagle Outfitters from $22.00 to $19.00 and set a "hold" rating for the company in a report on Tuesday, November 12th. Finally, StockNews.com lowered shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $25.00.
Read Our Latest Report on AEO
In other news, Director Cary D. Mcmillan sold 2,283 shares of the firm's stock in a transaction on Wednesday, October 16th. The stock was 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 accessible through this link. Also, Director David M. Sable sold 18,420 shares of the firm's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $22.04, for a total value of $405,976.80. Following the transaction, the director now owns 39,356 shares in the company, valued at approximately $867,406.24. This represents a 31.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,050,702 shares of company stock worth $21,148,718. 7.30% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kathleen S. Wright Associates Inc. acquired a new stake in shares of American Eagle Outfitters during the third quarter worth about $32,000. Advisors Asset Management Inc. lifted its holdings in shares of American Eagle Outfitters by 171.1% during 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 during the period. Innealta Capital LLC acquired a new stake in shares of American Eagle Outfitters during the second quarter worth about $78,000. nVerses Capital LLC acquired a new stake in shares of American Eagle Outfitters during the second quarter worth about $108,000. Finally, Picton Mahoney Asset Management acquired a new position in American Eagle Outfitters in the second quarter valued at approximately $140,000. Hedge funds and other institutional investors own 97.33% of the company's stock.
The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 16.07, a P/E/G ratio of 0.99 and a beta of 1.51. The stock has a fifty day simple moving average of $19.77 and a 200-day simple moving average of $20.50.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider American Eagle Outfitters, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Eagle Outfitters wasn't on the list.
While American Eagle Outfitters currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.