American Eagle Outfitters, Inc. (NYSE:AEO) Short Interest Down 20.3% in November

American Eagle Outfitters, Inc. (NYSE:AEO) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 11,940,000 shares, a decline of 20.3% from the November 15th total of 14,980,000 shares. Based on an average daily trading volume, of 4,700,000 shares, the short-interest ratio is presently 2.5 days.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director David M. Sable sold 18,420 shares of American Eagle Outfitters stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $22.04, for a total transaction of $405,976.80. Following the completion of the transaction, the director now owns 39,356 shares in the company, valued at approximately $867,406.24. The trade was a 31.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the sale, the chief executive officer now directly owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. This represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,050,702 shares of company stock valued at $21,148,718 in the last three months. Corporate insiders own 7.30% of the company’s stock.

Institutional Trading of American Eagle Outfitters

Several hedge funds and other institutional investors have recently bought and sold shares of AEO. Kathleen S. Wright Associates Inc. bought a new stake in shares of American Eagle Outfitters in the 3rd quarter worth approximately $32,000. Advisors Asset Management Inc. lifted its stake in 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 during the last quarter. Innealta Capital LLC bought a new stake in American Eagle Outfitters in the second quarter worth $78,000. nVerses Capital LLC purchased a new stake in American Eagle Outfitters during the second quarter valued at about $108,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of American Eagle Outfitters during the third quarter valued at about $141,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Down 0.9 %

NYSE:AEO traded down $0.15 during trading hours on Friday, hitting $17.20. 6,246,393 shares of the company’s stock traded hands, compared to its average volume of 4,684,296. American Eagle Outfitters has a 52 week low of $16.88 and a 52 week high of $26.44. The business’s fifty day simple moving average is $19.17 and its two-hundred day simple moving average is $20.24. The firm has a market cap of $3.30 billion, a P/E ratio of 14.69, a P/E/G ratio of 1.12 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 EPS. On average, analysts expect that American Eagle Outfitters will post 1.69 EPS for the current year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.91%. American Eagle Outfitters’s dividend payout ratio is 42.74%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. BMO Capital Markets cut their price target on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, December 5th. Bank of America cut their target price on American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. Telsey Advisory Group decreased their price target on American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday, December 5th. UBS Group cut their price objective on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Finally, Barclays decreased their target price on American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.40.

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.