American Eagle Outfitters (NYSE:AEO) Posts Earnings Results, Beats Expectations By $0.02 EPS

American Eagle Outfitters (NYSE:AEO) released its earnings results on Wednesday. The apparel retailer reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02, Zacks reports. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS.

American Eagle Outfitters Trading Up 3.1 %

Shares of AEO traded up $0.61 during mid-day trading on Wednesday, reaching $20.54. The company had a trading volume of 8,919,459 shares, compared to its average volume of 4,540,382. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 0.99 and a beta of 1.51. The firm has a fifty day simple moving average of $19.77 and a 200-day simple moving average of $20.50. American Eagle Outfitters has a fifty-two week low of $16.88 and a fifty-two week high of $26.44.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were paid 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 2.43%. American Eagle Outfitters’s dividend payout ratio (DPR) is 40.00%.

Wall Street Analyst Weigh In

AEO has been the subject of a number of research analyst reports. UBS Group reduced their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, August 30th. Jefferies Financial Group lowered their price objective on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. Barclays decreased their target price on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, TD Cowen cut their target price 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.00.

Insiders Place Their Bets

In other news, Director David M. Sable sold 18,420 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $22.04, for a total transaction of $405,976.80. Following the transaction, the director now owns 39,356 shares in the company, valued at $867,406.24. This represents a 31.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was 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 directly owns 1,771,851 shares of the company’s stock, valued at $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 owned by corporate insiders.

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.