Insider Selling: American Eagle Outfitters (AEO) COO Sells 15,000 Shares of Stock

American Eagle Outfitters (NYSE:AEO) COO Michael R. Rempell sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $19.92, for a total value of $298,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

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  • 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 Friday, March 23rd, Michael R. Rempell sold 9,467 shares of American Eagle Outfitters stock. The stock was sold at an average price of $20.10, for a total value of $190,286.70.

Shares of NYSE:AEO traded up $0.13 during midday trading on Tuesday, reaching $21.76. 2,600,461 shares of the company’s stock traded hands, compared to its average volume of 4,239,676. American Eagle Outfitters has a 1 year low of $10.23 and a 1 year high of $22.03. The firm has a market capitalization of $3,860.00, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 2.10 and a beta of 1.03.



American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Thursday, March 8th. The apparel retailer reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. American Eagle Outfitters had a return on equity of 17.91% and a net margin of 5.38%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm posted $0.39 EPS. The business’s revenue was up 12.0% on a year-over-year basis. analysts forecast that American Eagle Outfitters will post 1.46 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be paid a $0.1375 dividend. This is an increase from American Eagle Outfitters’s previous quarterly dividend of $0.13. This represents a $0.55 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Thursday, April 12th. American Eagle Outfitters’s dividend payout ratio is currently 47.41%.

A number of hedge funds and other institutional investors have recently bought and sold shares of AEO. Victory Capital Management Inc. raised its stake in American Eagle Outfitters by 6,294.3% in the 4th quarter. Victory Capital Management Inc. now owns 2,211,964 shares of the apparel retailer’s stock valued at $41,585,000 after purchasing an additional 2,177,371 shares during the last quarter. Senvest Management LLC acquired a new position in American Eagle Outfitters in the 3rd quarter valued at $22,737,000. Ameriprise Financial Inc. raised its stake in American Eagle Outfitters by 205.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,280,569 shares of the apparel retailer’s stock valued at $32,611,000 after purchasing an additional 1,534,344 shares during the last quarter. Maverick Capital Ltd. raised its stake in American Eagle Outfitters by 604.3% in the 4th quarter. Maverick Capital Ltd. now owns 906,132 shares of the apparel retailer’s stock valued at $17,035,000 after purchasing an additional 777,472 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in American Eagle Outfitters by 9.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,914,649 shares of the apparel retailer’s stock valued at $113,179,000 after purchasing an additional 693,993 shares during the last quarter. 86.07% of the stock is owned by hedge funds and other institutional investors.

AEO has been the topic of several recent research reports. Buckingham Research upgraded American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Thursday, January 11th. Jefferies Group restated a “buy” rating and issued a $24.00 price objective on shares of American Eagle Outfitters in a research report on Friday, February 23rd. Telsey Advisory Group upped their price objective on American Eagle Outfitters from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 2nd. ValuEngine upgraded American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 2nd. Finally, Zacks Investment Research lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $18.37.

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About American Eagle Outfitters

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.

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