Insider Selling: American Eagle Outfitters (AEO) COO Sells 140,075 Shares of Stock

American Eagle Outfitters (NYSE:AEO) COO Michael R. Rempell sold 140,075 shares of the company’s stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $23.86, for a total value of $3,342,189.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Michael R. Rempell also recently made the following trade(s):

  • On Wednesday, May 16th, Michael R. Rempell sold 25,000 shares of American Eagle Outfitters stock. The stock was sold at an average price of $22.00, for a total value of $550,000.00.
  • On Tuesday, April 3rd, Michael R. Rempell sold 15,000 shares of American Eagle Outfitters stock. The shares were sold at an average price of $20.24, for a total value of $303,600.00.
  • On Thursday, March 29th, Michael R. Rempell sold 15,000 shares of American Eagle Outfitters stock. The shares were sold at an average price of $19.92, for a total value of $298,800.00.
  • On Friday, March 23rd, Michael R. Rempell sold 9,467 shares of American Eagle Outfitters stock. The shares were sold at an average price of $20.10, for a total value of $190,286.70.

Shares of NYSE AEO traded down $0.09 during trading hours on Thursday, reaching $24.08. The stock had a trading volume of 3,508,502 shares, compared to its average volume of 4,364,659. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 2.29 and a beta of 1.04. American Eagle Outfitters has a twelve month low of $10.23 and a twelve month high of $24.50.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, May 31st. The apparel retailer reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $823.00 million during the quarter, compared to analyst estimates of $811.46 million. American Eagle Outfitters had a return on equity of 18.65% and a net margin of 5.67%. American Eagle Outfitters’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. equities analysts anticipate that American Eagle Outfitters will post 1.5 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 27th. Investors of record on Friday, July 13th will be paid a $0.1375 dividend. The ex-dividend date is Thursday, July 12th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.28%. American Eagle Outfitters’s payout ratio is 47.41%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allianz Asset Management GmbH raised its stake in shares of American Eagle Outfitters by 145.1% in the first quarter. Allianz Asset Management GmbH now owns 689,414 shares of the apparel retailer’s stock valued at $13,740,000 after purchasing an additional 408,174 shares in the last quarter. CIBC World Markets Inc. acquired a new position in American Eagle Outfitters during the first quarter worth $232,000. Xact Kapitalforvaltning AB raised its stake in American Eagle Outfitters by 46.5% during the first quarter. Xact Kapitalforvaltning AB now owns 24,592 shares of the apparel retailer’s stock worth $490,000 after acquiring an additional 7,800 shares in the last quarter. Royal Bank of Canada raised its stake in American Eagle Outfitters by 137.4% during the first quarter. Royal Bank of Canada now owns 59,922 shares of the apparel retailer’s stock worth $1,194,000 after acquiring an additional 220,086 shares in the last quarter. Finally, Verition Fund Management LLC raised its stake in American Eagle Outfitters by 162.2% during the first quarter. Verition Fund Management LLC now owns 94,147 shares of the apparel retailer’s stock worth $1,876,000 after acquiring an additional 58,238 shares in the last quarter. Institutional investors and hedge funds own 85.60% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Jefferies Group reissued a “buy” rating and issued a $24.00 price objective on shares of American Eagle Outfitters in a research report on Friday, February 23rd. B. Riley increased their price objective on American Eagle Outfitters from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley increased their price objective on American Eagle Outfitters from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, March 9th. ValuEngine raised American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 2nd. Finally, Loop Capital assumed coverage on American Eagle Outfitters in a research report on Thursday, March 22nd. They issued a “buy” rating and a $25.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $20.56.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

Insider Buying and Selling by Quarter for American Eagle Outfitters (NYSE:AEO)

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